Motilal Oswal shares fell 5% in morning trade after the brokerage firm reported mixed Q3 FY25 results. While revenue surged, net profit declined, impacting investor sentiment. As of 9:15 AM, the shares were trading 4.67% lower at Rs 621.55.
The company posted a 14.4% drop in net profit to ₹564.5 crore, compared to ₹659.8 crore in the same quarter last year. However, revenue showed strong growth, rising 11.6% YoY to ₹1,998.6 crore from ₹1,791.3 crore.
Motilal Oswal declared an interim dividend of ₹5 per share with a face value of ₹1 each. The record date for the dividend is set for February 1, 2025, and the payout is expected by February 26, 2025.
Motilal Oswal’s stock opened at ₹613.45, reaching a high of ₹632.85 and a low of ₹607.20. The stock remains significantly below its 52-week high of ₹1,064 but well above its low of ₹345.36.
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