Motilal Oswal Financial Services Ltd reported their consolidated financial result for the quarter ended on December 31, 2018, with a net decline of 11.12% in net sales. The company reported its net sales for the Q3 FY19 at Rs 647.59 crores versus Rs. 728.63 crores in December 2017.
The company’s net profit plummeted 73.05% to Rs. 39.90 crores during the quarter under discussion as compared to the net profit of Rs. 148.05 crore in the Q3 FY18. Motilal Oswal EBITDA declined by 58.13% from Rs. 354.10 crores in Q3 FY18 to Rs. 148.26 crore in Q3 FY19.
Motilal Oswal Financial Services Ltd in its regulatory filing stated, “Board of Directors of the Company at its meeting held on January 16, 2019, has declared an Interim Dividend on the equity shares of the Company for the Financial Year 2018-19 at the rate of Rs. 4/- per share on the face value of Re. 1/- each.”
The company’s board has fixed the record date as January 28, 2019, for the purpose of payment of interim dividend. The company also announced that interim dividend would be paid to all the equity shareholders of the Company on or before February 14, 2019.
Motilal Oswal share prices stalled after the quarterly financial report, as their stocks were trading at Rs 645.90 (down by 5.20%) at the time of writing this report.