Motilal Oswal Financial Services Limited — Others, 28-10-2024: Change in Management

Motilal Oswal Financial Services Ltd. reported a substantial growth in Q2 FY25 financial results, achieving a consolidated profit after tax (PAT) of ₹1,242 crore, a 123% increase year-over-year. Key segments like Wealth Management and Asset & Private Wealth Management saw PAT increases of 71% and 63%, respectively. The company also raised ₹170 crore through private placement of non-convertible debentures and appointed Ms. Neetu Juneja as Senior Managerial Personnel. Total assets under advice reached ₹5.7 lakh crore, up 82% year-over-year.