MOTILAL OSWAL Announces Quarterly Results (1QFY21); Net Profit Up 24.8%

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MOTILAL OSWAL Announces Quarterly Results (1QFY21); Net Profit Up 24.8%
Mon, 24 Aug

MOTILAL OSWAL has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

MOTILAL OSWAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m6,0926,1127,25818.7%19.1%
Other incomeRs m202817-39.3%-16.1%
TurnoverRs m6,1126,1407,27518.5%19.0%
ExpensesRs m2,9977,0223,287-53.2%9.6%
Gross profitRs m3,095-9103,082-0.4%
DepreciationRs m95109106-3.0%11.5%
InterestRs m1,2401,2741,088-14.6%-12.2%
Profit before taxRs m1,780-2,2651,9057.0%
TaxRs m460105258144.5%-44.0%
Profit after taxRs m1,320-2,3701,64724.8%
Gross profit margin%50.8-14.942.5
Effective tax rate%25.8-4.613.5
Net profit margin%21.6-38.622.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 19.1% on a year-on-year (YoY) basis. The expenses were up by 9.6% YoY during the same period.
  • The company's operating profit declined by 0.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 42.5% in 1QFY21 as against 50.8% in 1QFY20.
  • Depreciation charges increased by 11.5% and finance costs declined by 12.2% YoY, respectively.
  • Other income declined by 16.1% YoY during the quarter.
  • Net profit for the quarter increased by 24.8% YoY. Net profit margins during the quarter increased from 21.6% in 1QFY20 to 22.6% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 53.2% QoQ during the same period.
  • The company's operating profit declined by 438.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 42.5% in 1QFY21 as against 14.9% in 4QFY20.
  • Net profit for the quarter increased by 169.5% QoQ, while net profit margins increased from -38.6% in 4QFY20 to 22.6% in 1QFY21.

To see how MOTILAL OSWAL has performed over the last eight quarters,please visit here.

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MOTILAL OSWAL Share Price Performance

Over the last one year,MOTILAL OSWAL share price has moved up from Rs 551.3 to Rs 692.6, registering a Gain of Rs 141.3 or around 25.6%.

Overall, the S&P BSE SENSEX is up 4.7% over the year.

Current Valuations

At the current price of Rs 692.6, the price to earnings (P/E) ratio of MOTILAL OSWAL stands at 42.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.

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Oct 28, 2020 01:36 PM

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