Motilal Oswal Financial Services logs ₹63 cr loss in Q4; revenue drops 44%

Motilal Oswal Financial Services (MOFSL) recorded a net loss of Rs 63.2 crore during the fourth quarter of 2024-25 against a profit of Rs 724 crore recorded during the corresponding period a year ago. This is the first time in five years that MOFSL has recorded a quarterly loss.

 

The financial firm’s total revenue from operations also declined by 44 per cent year-on-year (Y-o-Y) to Rs 1190 crore in the quarter ending March. The net loss is on account of a fall in fair value changes. As per the company’s financial statement, the net loss on fair value change for the quarter stood at Rs 430 crore against a net gain of Rs 424 crore in the same quarter a year ago. 

Operating profit for the fourth quarter stood at Rs 519 crore, while for the full year crossed Rs 2,000 crore, registering a 31 per cent year-on-year growth. 

 

MOFSL’s board also approved a Rs 3,000 crore fundraise through the issuance of non-convertible debentures (NCDs). Earlier this month, the company also incorporated a new subsidiary in Dubai International Financial Centre.

 

Shares of MOFSL ended 8.5 per cent down at Rs 692 on Friday. 

Ather Energy raises ₹1,340 crore from anchor investors

 

Ather Energy, whose initial public offering (IPO) opens on April 28, has raised ₹1,340 crore from 36 anchor investors on Friday. Some of the marquee names who have been allotted shares include SBI MF, Franklin Templeton Global, Aditya Birla Sun Life MF, Abu Dhabi Investment Authority (ADIA), Eastspring Investments, ICICI Prudential MF, and Invesco MF, among others. The ₹2,980-crore IPO of Ather Energy will conclude on Wednesday. The IPO comprises a fresh issue of ₹2,626 crore and an offer for sale of ₹355 crore.

 

Edelweiss MF launches BSE Internet Economy Index Fund

 

Edelweiss Mutual Fund (MF) has announced the launch of  BSE Internet Economy Index Fund. The fund will replicate the BSE Internet Economy Total Return Index which spans 11 sub-industries, including e-retail, internet and catalogue retail, e-learning, digital entertainment, financial technologies, and other digitally driven sectors.