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Key To Sustained Growth Lies In Strong Asset Quality, Says Raamdeo Agrawal

Motilal Oswal Financial Services profit grows 42 percent year-on-year.



Raamdeo Agrawal, joint managing director of Motilal Oswal Financial Services Ltd., poses for photograph in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
Raamdeo Agrawal, joint managing director of Motilal Oswal Financial Services Ltd., poses for photograph in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Motilal Oswal Financial Services Ltd., co-Founder Raamdeo Agrawal maintains an optimistic outlook for the rest of the year as the brokerage house posted a revenue and net profit growth of around 40 percent each in the July-September quarter. Going forward, the focus will be to retain a sound asset quality, he added.

Key Financial Highlights:

  • Net profit grew 42 percent to Rs 143.8 crore.
  • Revenue increased 40 percent to Rs 704.5 crore.