Motilal Oswal Financial Services reported a 74 per cent year-on-year growth in net profit to Rs 47.2 crore for the quarter ended September 30, 2009.

On a quarter-on-quarter basis, net profit grew by 31 per cent.

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Investment Banking fees were down 8 per cent to Rs 15.2 crore as against Rs 16.5 crore in the year-ago quarter.

Asset management fees were up 26 per cent to Rs 6.4 crore as compared to Rs 5.1 crore in the same quarter of the previous year.

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