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.