MOTILAL OSWAL Announces Quarterly Results (3QFY20); Net Profit Up 375.3%

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MOTILAL OSWAL Announces Quarterly Results (3QFY20); Net Profit Up 375.3%
Thu, 23 Jan

MOTILAL OSWAL has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

MOTILAL OSWAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m6,4766,1816,4133.8%-1.0%
Other incomeRs m102301743.8%186.4%
TurnoverRs m6,4866,1826,4434.2%-0.7%
ExpensesRs m5,0043,5753,211-10.2%-35.8%
Gross profitRs m1,4722,6063,20222.9%117.5%
DepreciationRs m6010094-6.1%57.1%
InterestRs m1,2521,2461,186-4.8%-5.2%
Profit before taxRs m1711,2621,95254.7%1039.0%
TaxRs m-183-161269
Profit after taxRs m3541,4231,68318.3%375.3%
Gross profit margin%22.742.249.9
Effective tax rate%-106.6-12.813.8
Net profit margin%5.523.026.1
* 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 fell 1.0% on a year-on-year (YoY) basis. The expenses were down by 35.8% YoY during the same period.
  • The company's operating profit increased by 117.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 49.9% in 3QFY20 as against 22.7% in 3QFY19.
  • Depreciation charges increased by 57.1% and finance costs declined by 5.2% YoY, respectively.
  • Other income increased by 186.4% YoY during the quarter.
  • Net profit for the quarter increased by 375.3% YoY. Net profit margins during the quarter increased from 5.5% in 3QFY19 to 26.1% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 10.2% QoQ during the same period.
  • The company's operating profit increased by 22.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 49.9% in 3QFY20 as against 42.2% in 2QFY19.
  • Net profit for the quarter increased by 18.3% QoQ, while net profit margins increased from 23.0% in 2QFY19 to 26.1% in 3QFY20.

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

Read Now: When the Dust Settles, This Stock Would Have Potentially Created Millionaires
MOTILAL OSWAL Share Price Performance

Over the last one year,MOTILAL OSWAL share price has moved up from Rs 663.9 to Rs 876.5, registering a Gain of Rs 212.6 or around 32.0%.

Overall, the S&P BSE SENSEX is up 13.4% over the year.

Current Valuations

At the current price of Rs 876.5, the price to earnings (P/E) ratio of MOTILAL OSWAL stands at 21.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.2 times.

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