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Motilal Oswal jumps after strong Q2 outcome
Motilal Oswal Home Finance (MOHFL) reported profit of Rs 20.1 crore in Q2FY22, up 253% YoY. NII grew by 16% YoY and NIM expanded to 6.9% in H1FY22. The company raised Rs 380 crore in H1FY22 at an average cost of 7.07%.
Disbursements in H1FY22 stood at Rs 250 crore, up 198% YoY. Business is geared up for stronger growth in disbursements. According to the company, sales force expansion is currently underway.