MOFS's fee based businesses have scaled up well over the last few year but its overall performance is dragged down by the housing finance subsidiary, Aspire
Despite having infused Rs 650 crore as capital so far, the current performance of the housing finance subsidiary continues to be weak with non-meaningful contribution to the group
Raamdeo Agrawal, Joint MD, Motilal Oswal Financial Services said the housing finance company Aspire's profits were muted due to heightened gross non-performing assets.
Expectations were running low on account of pre-GST implementation adjustments in the quarter, and overall, the Nifty earnings have not resulted in any incremental negative surprise.
Strength in all three business â€“ broking, asset management and housing finance â€“ along with a favourable business mix helped post a strong second quarter says Raamdeo Agrawal, Joint MD at Motilal Oswal Financial Services.
In an interview with CNBC-TV18, Krishnakumar Natrajan, CEO and MD of Mindtree said the company has consciously sacrificed margins for growth in the last two years and he does not anticipate margins of 24-25 percent at which larger IT companies operate.
The asset management business has grown almost 3 to 4 times and has also managed to break-even and Q2 was the first quarter of profits for it, said Raamdeo Agrawal, Joint M-D of Motilal Oswal Financial Services.
Raamdeo Agrawal, joint managing director, Motilal Oswal, says the company‘s asset management company has grown 300 percent in the year gone by and its i-banking business too has seen good growth.
Oswal also likes defensive sectors like technology although the growth is slightly concerned but technology, FMCG and Pharma as most of the quality stocks would be there.
In the next 3-4 years, Raamdeo Agrawal, Joint MD at Motilal Oswal, sees industry volume growing to Rs 4 lakh crore per day.
In an interview to CNBC-TV18, Raamdeo Agrawal, joint managing director, Motilal Oswal Financial Services gives his views on the broking company's Q3 results.
Raamdeo Agrawal, director and co-founder, Motilal Oswal Financial Services (MOFS) explains to CNBC-TV18, after the announcement of results, that the company's performance for the quarter till September was quite depressed.
Raamdeo Agrawal, director and co founder, Motilal Oswal Financial Services expects its investment banking (IB) business, which was very bad shape last year, to perform significantly well in the next year.
Motilal Oswal has declared its second quarter results. In an interview to CNBC-TV18, Raamdeo Agrawal, director and co-founder of Motilal Oswal Financial Services said, he hopes that the second half will be better than the first half.
Raamdeo Agrawal the Director and Co-Founder of Motilal Oswal Financial Services said the company's disappointing numbers can be attributed to a shift in volumes towards options which has been leaving a dent in brokerage businesses like theirs.
Prabhudas Lilladher has come out with its earning estimates on financial services sector for the quarter ended March 2011. According to the research firm, Motilal Oswal Financial Services March quarter net sales are expected to go down by 7.8% at Rs 145.7 crore, year-on-year, (YoY) basis.
In an interview with CNBC-TV18, Raamdeo Agrawal, Director & Co Founder, Motilal Oswal Financial Services gave his perspective on the quarter gone by and the road ahead.