Kotak Mahindra Bank - Q4FY12 Result First Cut - Microsec Research

Kotak Mahindra Bank has announced its Q4FY12 along with Annual FY12 result on 8th May 2012.

On the quarterly basis, the bank's total income increased by 61.26% QoQ and 35.98% YoY to INR3064.25 crores mainly, because of 123.75% QoQ and 46.51% YoY growth in its other income. Profit After Tax (PAT) increased by 12.60% QoQ and 6.01% YoY to INR520.94 crores. For the whole year of FY12, the bank's total income increased by 0.80% YoY to INR8395.42 crores whereas, Profit After Tax (PAT) increased by 16.95% YoY to INR1832.25 crores.

The Bank has reported a growth in advances by 33.24% YoY to INR39079 crores and a growth in deposits by 31.70% YoY to INR38537 crores. On the assets front, the bank's NNPA and GNPA stood at 0.51% and 1.31%, increased by 4bps each QoQ and decreased by 8 and 40bps YoY respectively. Moreover, the bank's Capital Adequacy Ratio (CAR) stood at 17.52%, which is almost double than the regulator's stipulated norm. However, Net Interest Margin (NIM) of the bank improved by 10bps QoQ and decreased by 40bps YoY to 4.80%. CASA improved by 400bps QoQ and 200bps YoY to 32%. Recently, bank had increased the deposits rate post RBI deregulation of savings rate.

The Bank has declared a dividend of Rs.0.60 per share having face value of Rs.5 for the year ended 31st March, 2012 (Previous year dividend was Rs.0.50 per share having face value Rs.5).

Source : Equity Bulls

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