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Downtick in promoter stake for capital market firms as employees cash in

Promoters from Motilal Oswal, Geojit BNP Paribas, and Edelweiss Financial Services have reduced their stakes over the past quarter. In Edelweiss, the promoter holding is down to 36.28% from 36.74%. Geojit is down from 64.07% to 63.72%, while Motilal Oswal’s promoter holding is down from 73.76% to 73.42%. 

Motilal Oswal Financial Services’ broking and related revenues were up 61% over the same quarter last year, coming in at Rs.118.11 crore, according to a statement. They were down marginally (1%) over the previous quarter, partly on account of fewer trading days in the three-month period ending December. Overall, its total income came in at Rs.185.6 crore, up 60.18% over the same quarter last year. Profits rose from Rs.3.55 crore to Rs.35.91 crore.

For Geojit BNP Paribas Financial Services, total income was up 33.14% to Rs.70.63 crore. Profits rose 5% to Rs.16.55 crore.

Edelweiss Financial Services had an increase of 49.84% over the same quarter last year, with total income for December 2014 coming in at Rs.959.18 crore. Profits were up 43.36%, coming in at Rs.82.86 crore. 

JM Financial’s revenue rose 65.3% over the same quarter last year, to Rs.365.84 crore. Its profit was up 97.06% to Rs.87.02 crore in the same period. JM Financial’s promoter holding is down from 68.28% in the June quarter to 66.1% at the end of December, BSE data shows. 

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