Q1 2025 Motilal Oswal Financial Services Ltd Earnings Call Transcript
Key Points
- Consolidated profit after tax, including OCI, was INR1,021 crore for the quarter, up by 52% year on year.
- Consolidated operating net revenue stood at INR1,133 crore, up by 32% year on year.
- Return on equity stood at 44%.
- Assets under advice crossed the INR5 lakh crore mark at the end of June '24.
- Wealth management business profit after tax stood at INR177 crore, up by 69% year on year.
- Sequential dip in distribution income due to higher insurance income in the previous quarter.
- Net interest income at INR185 crore remained largely flat on a QoQ basis.
- Higher operating expenses due to an increase in RM count, with 31% of RMs having less than three years of experience.
- Sequential decline in brokerage revenues due to lower overall volumes.
- Impact of new transaction charges regulation expected to be around INR40 crore annually.
Good afternoon, ladies and gentlemen. I'm Sejal, the moderator for this conference. Welcome to the first quarter FY25 earnings conference call for Motilal Oswal Financial Services Limited.
We have with us today Mr. Raamdeo Agrawal, Chairman; Mr. Motilal Oswal, Managing Director and CEO; Mr. Navin Agarwal, Group Managing Director; Mr. Ajay Menon, CEO, Wealth Management; Mr. Prateek Agrawal, MD and CEO Asset Management; Mr. Ashish Shanker, CEO, Private Wealth Management; Mr. Sukesh Bhowal, CEO, Housing Finance; Mr. Shalibhadra Shah, Chief Financial Officer; and Mr. Chetan Parmar, Head, Investor Relation.
A short disclaimer before we start this call. This call will contain some forward looking statements that are completely based upon the beliefs, opinions and expectations of the company as of today. These statements are not a guarantee of future performance and involve unfrozen risks and uncertainties.
(Operator Instructions) Please note that this conference is being recorded.
I would now like to invite Mr. Navin Agarwal to make his opening remarks. Thank you, and over
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