Total revenues during the quarter fell by 1% YoY to Rs 1,135 crore.

Total expenses increased by 2% to Rs 763.9 crore in the fourth quarter as compared with the same period last year.

Profit before tax in Q4 FY23 stood at Rs 306.8 crore, down by 1% from Rs 308.5 crore in Q4 FY22.

MOFSL's consolidated net profit declined by 34% to Rs 885.2 crore despite an 8% rise in total revenues to Rs 4,319.4 crore in FY23 over FY22.

Motilal Oswal Financial Services is a financial services company. Its offerings include capital markets businesses (retail broking, institutional broking & investment banking), asset & wealth management (asset management, private equity & wealth management), housing finance & equity based treasury investments.