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Journalism of Courage
Motilal Oswal Financial Services on Saturday reported a fall of 53.24 per cent in consolidated net profit at Rs 24.26 crore for the quarter ended March 31,2011.
The company had a net profit of Rs 51.89 crore in the same period last year,Motilal Oswal Financial Services said in a filing to the Bombay Stock Exchange (BSE).
For the year ended March 31,2011,the company’s net profit declined to Rs 137.06 crore from Rs 170.45 crore in the same period a year ago,it added.
Total income of the firm also declined to Rs 124.42 crore in the January-March quarter from Rs 158.09 crore in the same period of previous year.
The board of directors of the company has proposed a dividend of Rs 1.40 per equity share of face value of Rs 1 each.
