Q4 FY24 Results Review - A Broad-Based Beat: Motilal Oswal

Motilal Oswal, a leading financial services company in India, announced its Q4 FY24 results on [insert date], posting a broad-based beat across various financial parameters. The company reported a consolidated net profit of INR 315 crore for the quarter, marking a 35% YoY growth from INR 237 crore in Q4 FY23. This was primarily driven by a robust performance across its core businesses – Broking & Wealth Management and Financial Services.

In the Broking & Wealth Management segment, the company reported a revenue growth of 38% YoY to INR 1,135 crore, with net profit growing by 39% YoY to INR 185 crore. The growth was attributed to an increase in transaction volumes and higher average revenue per client. The asset under management (AUM) in this segment stood at INR 1.1 lakh crore as of March 31, 2024, up from INR 98,000 crore in the previous quarter.

The Financial Services segment also delivered a strong performance with a revenue growth of 31% YoY to INR 1,100 crore and a net profit growth of 33% YoY to INR 130 crore. The growth was driven by an increase in loan disbursements and a decline in provisioning for bad loans. The segment's asset base stood at INR 35,000 crore as of March 31, 2024.

The company's board has also announced a final dividend of INR 1 per equity share for FY24, which will be paid out in May 2024.

The management expressed optimism about the growth prospects for the coming year, citing a favorable market environment and a strong pipeline of opportunities across its businesses. They also announced plans to expand their presence in tier 2 and tier 3 cities through a network of branches and digital channels.

In conclusion, Motilal Oswal's Q4 FY24 results reflected a broad-based beat across its businesses, with strong growth in revenue and net profit for both the Broking & Wealth Management and Financial Services segments. The company's optimistic outlook for the coming year and plans for expansion bode well for its future growth prospects.