Driven by robust growth across the segments, Motilal Oswal Financial Services Ltd reported an 11 per cent growth in Profit After Tax (PAT) at Rs 509 crore for three months ended September 2022. The company posted its highest quarterly profit on Friday.

In comparison same quarter of the preceding fiscal, the company had a PAT of Rs 458 crore. The Mumbai-based financial service provider registered a revenue growth of 13 per cent to Rs 1,098 crore in the quarter under review from Rs 971 crore between July-September fiscal 2021-22.

Followed by robust and sustainable performance across the business, the firm has achieved one of the highest quarterly profits of Rs 509 crore. The company’s broking business which is the firm’s cash cow business, continues to improve its market share and benefit from market expansion and industry consolidation says the company’s MD and CEO, Motilal Oswal.

Moreover, he added that the asset management business has witnessed a performance improvement and is likely to gain from process-driving investment and its niche offerings. Over the years, the firm’s wealth management business has delivered consistent performance and is on its way to achieving the scale in the business. The company’s private equity business has successfully raised its largest-ever fund. The housing business has witnessed a turnaround by improving disbursements and asset quality trends which are now geared up for sustainable growth.

The company’s assets under advisory across AMC, private equity, wealth, and broking & distribution businesses stood at Rs 3.2 lakh crore at the end of September.