Motilal Oswal Financial Services Ltd
NSE:MOTILALOFS
Income Statement
Earnings Waterfall
Motilal Oswal Financial Services Ltd
Revenue
|
56B
INR
|
Cost of Revenue
|
-11.4B
INR
|
Gross Profit
|
44.6B
INR
|
Operating Expenses
|
-18.9B
INR
|
Operating Income
|
25.7B
INR
|
Other Expenses
|
-1.3B
INR
|
Net Income
|
24.4B
INR
|
Income Statement
Motilal Oswal Financial Services Ltd
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
4 639
N/A
|
5 222
+13%
|
5 846
+12%
|
6 567
+12%
|
7 690
+17%
|
8 107
+5%
|
8 925
+10%
|
9 918
+11%
|
10 562
+6%
|
12 350
+17%
|
14 783
+20%
|
16 169
+9%
|
18 409
+14%
|
20 420
+11%
|
22 966
+12%
|
26 833
+17%
|
27 507
+3%
|
27 786
+1%
|
25 906
-7%
|
24 048
-7%
|
24 493
+2%
|
24 493
N/A
|
25 073
+2%
|
25 231
+1%
|
24 798
-2%
|
26 044
+5%
|
27 884
+7%
|
30 958
+11%
|
36 251
+17%
|
37 981
+5%
|
43 020
+13%
|
43 794
+2%
|
42 968
-2%
|
41 446
-4%
|
41 493
+0%
|
41 964
+1%
|
41 771
0%
|
46 288
+11%
|
46 546
+1%
|
49 535
+6%
|
56 027
+13%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 053)
|
(1 277)
|
(1 502)
|
(1 655)
|
(1 945)
|
(1 960)
|
(2 147)
|
(2 336)
|
(2 325)
|
(1 995)
|
(2 341)
|
(2 583)
|
(3 679)
|
(4 185)
|
(4 170)
|
(4 532)
|
(4 907)
|
(4 797)
|
(4 991)
|
(4 850)
|
(4 616)
|
(4 586)
|
(4 513)
|
(4 657)
|
(4 667)
|
(4 823)
|
(5 310)
|
(5 660)
|
(6 359)
|
(7 095)
|
(7 791)
|
(8 612)
|
(8 929)
|
(9 174)
|
(9 012)
|
(8 821)
|
(8 613)
|
(8 575)
|
(9 251)
|
(9 842)
|
(11 378)
|
|
Gross Profit |
3 587
N/A
|
3 946
+10%
|
4 345
+10%
|
4 912
+13%
|
5 744
+17%
|
6 147
+7%
|
6 778
+10%
|
7 582
+12%
|
8 237
+9%
|
7 319
-11%
|
9 405
+29%
|
10 550
+12%
|
14 730
+40%
|
16 236
+10%
|
18 799
+16%
|
22 303
+19%
|
22 601
+1%
|
22 990
+2%
|
20 914
-9%
|
19 197
-8%
|
19 876
+4%
|
19 907
+0%
|
20 561
+3%
|
20 576
+0%
|
20 130
-2%
|
21 222
+5%
|
22 575
+6%
|
25 299
+12%
|
29 893
+18%
|
30 887
+3%
|
35 230
+14%
|
35 182
0%
|
34 040
-3%
|
32 271
-5%
|
32 481
+1%
|
33 143
+2%
|
33 158
+0%
|
37 715
+14%
|
37 295
-1%
|
39 693
+6%
|
44 648
+12%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 448)
|
(2 581)
|
(2 776)
|
(3 013)
|
(3 514)
|
(3 833)
|
(4 100)
|
(4 348)
|
(4 493)
|
(5 250)
|
(5 770)
|
(5 795)
|
(5 756)
|
(6 588)
|
(6 904)
|
(8 121)
|
(8 242)
|
(8 126)
|
(8 055)
|
(7 619)
|
(7 441)
|
(7 553)
|
(7 704)
|
(7 744)
|
(8 062)
|
(8 201)
|
(8 315)
|
(8 666)
|
(9 237)
|
(9 936)
|
(10 759)
|
(11 629)
|
(12 401)
|
(13 036)
|
(13 610)
|
(14 123)
|
(14 558)
|
(15 571)
|
(16 596)
|
(17 259)
|
(18 927)
|
|
Selling, General & Administrative |
(1 273)
|
(1 349)
|
(1 404)
|
(1 586)
|
(3 062)
|
(2 109)
|
(2 299)
|
(2 428)
|
(3 993)
|
(2 640)
|
(3 094)
|
(3 131)
|
(5 248)
|
(3 892)
|
(4 071)
|
(4 695)
|
(7 642)
|
(5 042)
|
(5 091)
|
(5 078)
|
(6 965)
|
(5 118)
|
(5 293)
|
(5 324)
|
(5 397)
|
(5 537)
|
(5 612)
|
(5 935)
|
(8 510)
|
(6 810)
|
(7 370)
|
(8 105)
|
(11 554)
|
(9 268)
|
(9 638)
|
(9 869)
|
(13 611)
|
(10 941)
|
(11 604)
|
(12 035)
|
(13 298)
|
|
Depreciation & Amortization |
(243)
|
(251)
|
(262)
|
(275)
|
(304)
|
(317)
|
(330)
|
(351)
|
(345)
|
(347)
|
(344)
|
(331)
|
(327)
|
(332)
|
(338)
|
(352)
|
(358)
|
(358)
|
(331)
|
(294)
|
(234)
|
(275)
|
(315)
|
(349)
|
(397)
|
(409)
|
(423)
|
(446)
|
(475)
|
(482)
|
(499)
|
(509)
|
(483)
|
(504)
|
(529)
|
(569)
|
(584)
|
(624)
|
(641)
|
(714)
|
(826)
|
|
Other Operating Expenses |
(933)
|
(980)
|
(1 111)
|
(1 152)
|
(148)
|
(1 409)
|
(1 472)
|
(1 570)
|
(156)
|
(2 263)
|
(2 333)
|
(2 334)
|
(181)
|
(2 364)
|
(2 496)
|
(3 076)
|
(241)
|
(2 727)
|
(2 635)
|
(2 248)
|
(242)
|
(2 160)
|
(2 096)
|
(2 071)
|
(2 268)
|
(2 257)
|
(2 281)
|
(2 286)
|
(252)
|
(2 644)
|
(2 890)
|
(3 017)
|
(365)
|
(3 266)
|
(3 443)
|
(3 685)
|
(363)
|
(4 006)
|
(4 352)
|
(4 510)
|
(4 803)
|
|
Operating Income |
1 138
N/A
|
1 364
+20%
|
1 568
+15%
|
1 899
+21%
|
2 231
+17%
|
2 314
+4%
|
2 678
+16%
|
3 234
+21%
|
3 744
+16%
|
5 104
+36%
|
6 670
+31%
|
7 789
+17%
|
8 974
+15%
|
9 646
+7%
|
11 893
+23%
|
14 180
+19%
|
14 359
+1%
|
14 863
+4%
|
12 858
-13%
|
11 578
-10%
|
12 435
+7%
|
12 353
-1%
|
12 856
+4%
|
12 831
0%
|
12 068
-6%
|
13 021
+8%
|
14 260
+10%
|
16 632
+17%
|
20 655
+24%
|
20 949
+1%
|
24 468
+17%
|
23 551
-4%
|
21 638
-8%
|
19 235
-11%
|
18 871
-2%
|
19 020
+1%
|
18 600
-2%
|
22 142
+19%
|
20 699
-7%
|
22 433
+8%
|
25 721
+15%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(29)
|
(59)
|
(80)
|
(148)
|
(250)
|
(496)
|
(835)
|
(1 249)
|
(1 460)
|
(2 343)
|
(3 095)
|
(3 911)
|
(3 495)
|
(4 866)
|
(5 060)
|
(5 087)
|
(5 162)
|
(5 315)
|
(5 302)
|
(5 222)
|
(5 049)
|
(5 104)
|
(5 049)
|
(4 982)
|
(8 505)
|
(8 354)
|
(8 199)
|
(8 046)
|
(4 092)
|
(4 277)
|
(4 345)
|
(4 752)
|
(4 520)
|
(4 894)
|
(5 069)
|
(5 323)
|
(5 599)
|
(4 137)
|
(2 278)
|
925
|
4 510
|
|
Non-Reccuring Items |
(556)
|
(556)
|
(361)
|
(173)
|
0
|
0
|
0
|
0
|
0
|
(200)
|
(279)
|
(279)
|
(319)
|
0
|
0
|
0
|
(781)
|
(1 309)
|
(2 330)
|
(4 131)
|
(3 604)
|
(3 207)
|
(2 692)
|
(1 000)
|
(913)
|
(1 832)
|
(1 564)
|
(1 794)
|
(1 857)
|
(1 234)
|
(1 152)
|
(1 108)
|
(947)
|
(494)
|
(493)
|
(298)
|
(428)
|
(542)
|
(493)
|
(420)
|
(540)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
37
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
43
|
28
|
30
|
(7)
|
(25)
|
35
|
93
|
171
|
(39)
|
346
|
512
|
737
|
(106)
|
826
|
628
|
349
|
(126)
|
(87)
|
(121)
|
(144)
|
(4)
|
158
|
160
|
164
|
79
|
58
|
57
|
55
|
(160)
|
99
|
152
|
237
|
(14)
|
264
|
282
|
253
|
(150)
|
510
|
550
|
558
|
628
|
|
Pre-Tax Income |
595
N/A
|
776
+30%
|
1 156
+49%
|
1 571
+36%
|
1 956
+25%
|
1 853
-5%
|
1 937
+5%
|
2 157
+11%
|
2 245
+4%
|
2 909
+30%
|
3 809
+31%
|
4 337
+14%
|
5 056
+17%
|
5 608
+11%
|
7 463
+33%
|
9 444
+27%
|
8 291
-12%
|
8 152
-2%
|
5 106
-37%
|
2 082
-59%
|
3 779
+82%
|
4 201
+11%
|
5 276
+26%
|
7 013
+33%
|
2 729
-61%
|
2 893
+6%
|
4 553
+57%
|
6 847
+50%
|
14 584
+113%
|
15 537
+7%
|
19 124
+23%
|
17 928
-6%
|
16 158
-10%
|
14 111
-13%
|
13 590
-4%
|
13 652
+0%
|
12 423
-9%
|
17 974
+45%
|
18 478
+3%
|
23 496
+27%
|
30 319
+29%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(180)
|
(224)
|
(334)
|
(427)
|
(523)
|
(472)
|
(469)
|
(563)
|
(612)
|
(753)
|
(1 012)
|
(1 139)
|
(1 411)
|
(1 525)
|
(2 026)
|
(2 440)
|
(2 059)
|
(2 115)
|
(1 454)
|
(538)
|
(927)
|
(1 002)
|
(611)
|
(1 053)
|
(673)
|
(473)
|
(1 274)
|
(1 853)
|
(2 555)
|
(2 953)
|
(3 400)
|
(3 173)
|
(3 051)
|
(2 892)
|
(2 777)
|
(2 974)
|
(3 094)
|
(3 697)
|
(3 957)
|
(4 617)
|
(5 863)
|
|
Income from Continuing Operations |
416
|
553
|
823
|
1 145
|
1 433
|
1 380
|
1 467
|
1 593
|
1 633
|
2 156
|
2 798
|
3 198
|
3 645
|
4 082
|
5 435
|
7 003
|
6 232
|
6 037
|
3 652
|
1 544
|
2 853
|
3 200
|
4 665
|
5 961
|
2 056
|
2 419
|
3 280
|
4 993
|
12 030
|
12 584
|
15 723
|
14 756
|
13 107
|
11 221
|
10 815
|
10 679
|
9 328
|
14 277
|
14 521
|
18 880
|
24 456
|
|
Income to Minority Interest |
(21)
|
(22)
|
(21)
|
(19)
|
(19)
|
(20)
|
(19)
|
(22)
|
(26)
|
(44)
|
(101)
|
(101)
|
(106)
|
(90)
|
(110)
|
(112)
|
(100)
|
(98)
|
(18)
|
(9)
|
(43)
|
(70)
|
(66)
|
(96)
|
(60)
|
(48)
|
(73)
|
(72)
|
(43)
|
(25)
|
5
|
34
|
(27)
|
111
|
97
|
89
|
(31)
|
(31)
|
(33)
|
(38)
|
(46)
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
22
|
39
|
58
|
77
|
83
|
88
|
85
|
74
|
60
|
74
|
80
|
97
|
91
|
65
|
58
|
79
|
131
|
67
|
(21)
|
(27)
|
(162)
|
(160)
|
546
|
515
|
618
|
587
|
(53)
|
(55)
|
17
|
13
|
30
|
40
|
20
|
27
|
5
|
(15)
|
(0)
|
|
Net Income (Common) |
396
N/A
|
532
+34%
|
803
+51%
|
1 126
+40%
|
1 436
+28%
|
1 400
-3%
|
1 507
+8%
|
1 649
+9%
|
1 691
+3%
|
2 199
+30%
|
2 780
+26%
|
3 170
+14%
|
3 600
+14%
|
4 066
+13%
|
5 405
+33%
|
6 987
+29%
|
6 223
-11%
|
6 002
-4%
|
3 690
-39%
|
1 612
-56%
|
2 940
+82%
|
3 195
+9%
|
4 577
+43%
|
5 836
+28%
|
1 835
-69%
|
2 209
+20%
|
3 750
+70%
|
5 435
+45%
|
12 604
+132%
|
13 145
+4%
|
15 675
+19%
|
14 733
-6%
|
13 098
-11%
|
11 345
-13%
|
10 943
-4%
|
10 811
-1%
|
9 317
-14%
|
14 275
+53%
|
14 493
+2%
|
18 827
+30%
|
24 411
+30%
|
|
EPS (Diluted) |
2.69
N/A
|
3.88
+44%
|
5.86
+51%
|
8.04
+37%
|
10.1
+26%
|
9.79
-3%
|
10.46
+7%
|
11.37
+9%
|
11.74
+3%
|
15.16
+29%
|
19.17
+26%
|
21.41
+12%
|
24.82
+16%
|
32.52
+31%
|
32.36
0%
|
47.85
+48%
|
42.91
-10%
|
40.55
-5%
|
24.6
-39%
|
10.96
-55%
|
19.73
+80%
|
21.44
+9%
|
30.92
+44%
|
38.9
+26%
|
12.39
-68%
|
14.62
+18%
|
24.83
+70%
|
36.47
+47%
|
84.02
+130%
|
88.22
+5%
|
102.45
+16%
|
98.22
-4%
|
88.5
-10%
|
75.13
-15%
|
73.44
-2%
|
73.04
-1%
|
62.66
-14%
|
96.29
+54%
|
97.7
+1%
|
126.39
+29%
|
162.91
+29%
|