Shares of Motilal Oswal Financial Services crashed more than 7% on Friday after the domestic brokerage reported a consolidated net profit of Rs 1,273 crore for the April-June quarter of FY27, marking a nearly 10% year-on-rise from the Rs 1,162 crore reported in the same period last year.
The shares of the company dropped to Rs 872 apiece on Friday, after the release of Q1 results post market hours on Thursday. Its revenue from operations, meanwhile, jumped more than 25% YoY to Rs 3,426 crore during the quarter under review, compared to Rs 2,738 crore reported in the year-ago period. Total expenses surged around 42% YoY to Rs 1,898 crore in the first quarter of FY27.
