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Kotak Mahindra Bank Ltd Q4FY21 consolidated PAT at Rs. 2589.32 crore

Posted On: 2021-05-03 07:58:43 (Time Zone: UTC)


KOTAK MAHINDRA BANK LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.16175.87 crores during the period ended March 31, 2021 as compared to Rs.14638.98 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.2589.32 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.2601.67 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.12.86 for the period ended March 31, 2021 as compared to Rs.13.14 for the period ended December 31, 2020.

FinancialsQ4 FY20-21Q3 FY20-21% Change
Total Income₹ 16175.87 crs₹ 14638.98 crsUp Tick 10.5%
Net Profit₹ 2589.32 crs₹ 2601.67 crsDown Tick -0.47%
EPS₹ 12.86₹ 13.14Down Tick -2.13%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.16175.87 crores during the period ended March 31, 2021 as compared to Rs.12084.71 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.2589.32 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.1905.18 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.12.86 for the period ended March 31, 2021 as compared to Rs.9.70 for the period ended March 31, 2020.

FinancialsQ4 FY20-21Q4 FY19-20% Change
Total Income₹ 16175.87 crs₹ 12084.71 crsUp Tick 33.85%
Net Profit₹ 2589.32 crs₹ 1905.18 crsUp Tick 35.91%
EPS₹ 12.86₹ 9.70Up Tick 32.58%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.56703.73 crores during the 12 months period ended March 31, 2021 as compared to Rs.50299.69 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.9990.20 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.8593.36 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.50.49 for the 12 months period ended March 31, 2021 as compared to Rs.44.68 for the 12 months period ended March 31, 2020.

FinancialsYear Ended FY20-21Year Ended FY19-20% Change
Total Income₹ 56703.73 crs₹ 50299.69 crsUp Tick 12.73%
Net Profit₹ 9990.20 crs₹ 8593.36 crsUp Tick 16.25%
EPS₹ 50.49₹44.68Up Tick 13%

Kotak Mahindra Bank standalone results

The Bank's PAT for Q4FY21 increased to Rs. 1,682 crore from Rs. 1,267 crore in Q4FY20, up 33% and for FY21 increased to Rs. 6,965 crore from Rs. 5,947 crore in FY20 up 17%.

Net Interest Income (NII) for Q4FY21 increased to Rs. 3,843 crore, from Rs. 3,560 crore in Q4FY20, up 8% and for FY21 increased to Rs. 15,340 crore, from Rs. 13,500 crore in FY20, up 14%. Net Interest Margin (NIM) for Q4FY21 was at 4.39%.

Operating profit for Q4FY21 was Rs. 3,407 crore, up 25% from Rs. 2,725 crore in Q4FY20 and for FY21 was Rs. 12,215 crore, up 22% from Rs. 10,021 crore in FY20.

CASA ratio as at March 31, 2021 stood at 60.4% compared to 56.2% as at March 31, 2020.

Average Savings deposits grew by 27% to Rs. 108,812 crore for FY21 compared to Rs. 85,656 crore for FY20. Average Current Account deposits grew by 17% to Rs. 39,481 crore for FY21 compared to Rs. 33,699 crore for FY20.

CASA and TDs below Rs. 5 crore as at March 31, 2021, constituted 91% of total deposits (86% as at March 31, 2020). TD Sweep deposits as at March 31, 2021 were 7.5% of total deposits (6.6% as at March 31, 2020).

Advances as at March 31, 2021 were Rs. 223,689 crore up 4.5% from Rs. 214,103 crore as at December 31, 2020 (Rs. 219,748 crore as at March 31, 2020). Customer Assets, which includes Advances and Credit substitutes, were Rs. 238,857 crore as at March 31, 2021 up 4.4% from Rs. 228,809 crore as at December 31, 2020 (Rs. 228,970 crore as at March 31, 2020).

COVID related provisions as at March 31, 2021 stood at Rs. 1,279 crore. In accordance with the Resolution Framework for COVID-19 and MSME announced by RBI, as at March 31, 2021, the Bank has implemented, for certain eligible borrowers, restructuring of Rs. 435 crore (0.19% of net advances).

As at March 31, 2021, GNPA was 3.25% & NNPA was 1.21%. As on March 31, 2021, SMA2 outstanding was Rs. 110 cr (0.05% of net advances). Credit cost, excluding COVID-19 contingency provisioning, for FY21 was 84 bps of net advances (67 bps for FY20).

Capital adequacy ratio of the Bank as per Basel III, as at March 31, 2021 was 22.3% and Tier I ratio was 21.4%. The Board of Directors of the Bank has recommended dividend of Rs. 0.90 per equity share having face value of Rs. 5, for the year ended March 31, 2021, subject to approval of shareholders.

Shares of KOTAK MAHINDRA BANK LTD. was last trading in BSE at Rs.1748.6 as compared to the previous close of Rs. 1807.1. The total number of shares traded during the day was 139864 in over 8037 trades.

The stock hit an intraday high of Rs. 1801.15 and intraday low of 1740. The net turnover during the day was Rs. 249143474.


Source: Equity Bulls

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