Total revenue of operation declined 7.87% to Rs 1,051.31 crore in Q4 FY22 as compared to Rs 1,141.14 crore reported in the same period last year. Profit before tax (PBT) slumped 32.64% to Rs 370.22 crore in Q4 March 20212 over Q4 March 2021.

Operating profit (excluding gains on investments & PE share of profit on investment) for the quarter was highest ever at Rs 262 crore, up 41% YoY.

The comapnay said that its all business continued to demonstrate stellar performance. The company's capital market business PAT grew 68% YoY; asset & wealth rose 31% YoY led by increase 14% YoY AMC, up 116% YoY wealth management and added 46% YoY private equity business. Housing finance business reported highest ever profit.

Capital market businesses have contributed 55% of consolidated revenues.

The retail broking & distribution business have witnessed strong traction in new client addition driven by online and other channels, total 880,000 clients acquired in FY22, increase 43% YoY.

The company's investment banking business has participated in 13 deals. The business has made a strong turnaround in performance in FY22. Further, there is a strong pipeline of signed IPO mandates which has started entering the markets from Q4FY22 onwards, as a result further revenue traction can be witnessed in coming quarters, firm stated.

The asset management business AUM across MF, PMS & AIF stood at Rs 490,00 crore, rose 13% YoY. Strong growth of 21% YoY in PAT at Rs 183 crore in FY22

Wealth Management business AUM grew by 36% YoY at Rs 344 bn in Q4FY22. Wealth business revenue grew by 28% YoY to Rs 1.94 bn in Q4FY22 and 53% YoY increased to Rs 4.77 crore in FY22.

Motilal Oswal Home Finance (MOHFL) reported highest ever profit of Rs 4.56 crore in Q4FY22, up 148% YoY. NII grew by 16% YoY and NII grew by 11% YoY and NIM expanded to 7.3% in FY22. The company raised Rs 1400 crore in FY22 at an average cost of 7%.

Disbursements grew by 2.4 times in FY22 to Rs 643 crore. Business is geared up for stronger growth in disbursements.

Meanwhile, the board of directors has recommended a dividend of Rs 3 per share for the financial year ended 31 March 2022.

Furthermore, the company said that its board will consider a share buyback on Tuesday,17 May 2022.

Motilal Oswal Financial Services (MOFSL) 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.

Shares of Motilal Oswal Financial Services were trading 1.50% higher at Rs 918 on BSE.