Latest news with #INR11
GSM Arena
7 days ago
- Business
- GSM Arena
Lava Storm Play launching soon with Dimensity 7060 SoC, Storm Lite will tag along
Lava unveiled the Dimensity 6080-powered Lava Storm in December 2023 with a special launch price of INR11,999 ($140/€120). Today, the Indian handset maker announced that it will soon launch the Lava Storm Play in India as the country's first Dimensity 7060-powered smartphone. Lava said the Storm Play, designed for young gaming enthusiasts, will have LPDDR5 RAM and UFS 3.1 storage onboard without providing further details. Lava Storm The Lava Storm Play will be joined by the Lava Storm Lite, and both will be sold in India through Lava's official website and Lava hasn't divulged anything else about these smartphones, but rumors claim the Storm Lite will come with the Dimensity 7025 chip, 6GB RAM, 128GB storage, and a 6.78" 120Hz HD+ LCD. We could hear more about the Lava Storm Play and Storm Lite as we inch closer to their launch.
Yahoo
31-01-2025
- Business
- Yahoo
Motilal Oswal Financial Services Ltd (BOM:532892) Q3 2025 Earnings Call Highlights: Robust ...
Operating Revenue: INR1,345 crores, up by 43% year on year. Operating Profit After Taxes: INR525 crores, up by 38% year on year. Assets Under Advice: Over INR6 lakh crore, up by 62% year on year. Annual Recurring Revenue: 56% of group revenues for the third quarter. Fee-Based Revenue Contribution: Increased from 30% to 41% year on year. Net Worth: INR11,569 crores, up by 40% year on year. Annualized Return on Equity: 36%. Interim Dividend: INR5 per share. Wealth Management Assets Under Advice: INR308,000 crores, up by 67% year on year. Wealth Management Revenue: INR570 crores, up by 30% year on year. Wealth Management Profit After Tax: INR190 crores, up by 16% year on year. Retail Cash Business Broking Volumes ADTO: INR3,230 crores, up by 19% year on year. Distribution AUM: INR32,000 crores, up by 38% year on year. Distribution Revenues: INR104 crores, up by 90% year on year. Net Interest Income Growth: Nearly 40% year on year. Asset Management AUM: Over INR130,000 crores, up by over 100% year on year. Private Wealth AUM: INR150,000 crores, up by 34% year on year. Private Wealth Revenue: INR278 crores, up by 63% year on year. Private Wealth Profit: INR97 crores, up by 57% year on year. Capital Market Revenue: INR151 crores, up by 70% year on year. Housing Finance AUM: INR4,343 crores, up by 15% year on year. Housing Finance NII: INR88 crores, up by 10% year on year. Treasury Investments: INR8,464 crores, up by 44% year on year. Warning! GuruFocus has detected 3 Warning Signs with BOM:532892. Release Date: January 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Motilal Oswal Financial Services Ltd (BOM:532892) achieved a significant milestone by servicing over 10 million customers, indicating strong market presence. The company's operating revenue for Q3 FY25 increased by 43% year-on-year to INR1,345 crores, showcasing robust growth. Assets under advice crossed the INR6 lakh crore mark, up by 62% year-on-year, reflecting strong asset management performance. The Wealth Management business saw a 67% year-on-year growth in total assets under advice, reaching INR308,000 crores. The Asset Management business reported a 362% year-on-year increase in gross flows, demonstrating strong momentum and distribution network expansion. The company experienced a decline in market share for cash ADTO and F&O premium due to market corrections and regulatory changes. The lending book in Wealth Management and Private Wealth Management showed a marginal dip, linked to market volatility. The Private Wealth Management business saw a dip in overall assets due to mark-to-market adjustments, despite positive net flows. The broking industry faces challenges from increased compliance costs and norms, potentially impacting smaller players. The Housing Finance business reported a 15% year-on-year growth in AUM, which may be considered modest compared to other segments. Q: This quarter, there was a shift towards more direct revenue in Wealth Management, and a decline in market share for cash ADTO and F&O premium. Can you explain this shift and any changes in F&O pricing due to regulation? Also, why has distribution income increased in Private Wealth Management without a corresponding AUM increase? A: Ajay Menon, Whole-Time Director, explained that the shift in market share is due to market trends and regulatory changes in F&O lot sizes, which affected pricing. The decline in AUM is attributed to market corrections, as explained by Shalibhadra Shah, CFO, while distribution income increased due to transactional products not included in AUM. Q: In Wealth Management and Housing Finance, the lending book has decreased. Is this due to market volatility, and what are the sustainable margin levels? Also, why are credit costs negative in Housing Finance? A: Shalibhadra Shah, CFO, noted a marginal dip in the lending book due to market corrections, but NIIs increased due to improved spreads. Negative credit costs resulted from recoveries of previously written-off assets, with strong asset quality maintaining low provision costs. Q: Can you provide a breakdown of AUM in the Private Wealth business? A: Shalibhadra Shah, CFO, detailed that ARR assets are INR32,000 crores, with transaction-bearing assets at INR116,000 crores, including INR46,000 crores in custody assets. Q: How does customer vintage affect revenue in broking and wealth management? Does client revenue increase with age? A: Shalibhadra Shah, CFO, confirmed that revenue increases with customer vintage due to improved cross-sell ratios, although exact vintage numbers are not disclosed. Q: How have market volatility and scheme performance affected net flows and SIP registrations in Asset Management? A: Shalibhadra Shah, CFO, reported strong net flows and SIP registrations, with January being a particularly strong month. The company is expanding distribution channels and increasing sales teams to maintain growth. Q: What is the strategy for launching new NFOs in the AMC business, especially during market weakness? A: The company continues to launch new funds, with a focus on thematic and passive strategies. Despite market weakness, the strategy of launching one NFO per month remains unchanged. Q: What is the focus segment for Private Wealth, and how much of AMC AUM is distributed within the group? A: Shalibhadra Shah, CFO, stated that 15% of AMC AUM is distributed within the group. Ashish Shanker, CEO of Private Wealth Management, mentioned that the focus is on families with a financial net worth of INR25 crores, onboarding with INR3 crores plus. Q: How is the company addressing market share decline in brokerage, and what is the long-term strategy? A: The company focuses on quality clients and advisory services, with a strategy to grow market share through digital channels and distribution alignment, while avoiding discount brokerage models. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
