Mumbai, Oct 10 : Diversified financial services firm Motilal Oswal Financial Services today announced a profit after tax of Rs 27.1 crore for the second quarter ended September 30, a 17 per cent decline corresponding the same period a year-ago.
The company had a profit after tax of Rs 32.6 crore for the quarter ended September 30, 2007, Motilal Oswal Financial services said in a filing to the Bombay Stock Exchange.
The total revenues of the company declined to Rs 138.3 crore in the quarter under review from Rs 153.2 crore for the second quarter of the last fiscal.
"We believe that every slowdown is an opportunity to strengthen businesses through greater emphasis on processes, productivity and cost optimization," Motilal Oswal Financial Services CMD Motilal Oswal said.
Shares of the company closed at Rs 75.55, down 3.02 on the BSE.
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