Kotak Mahindra Bank - Q1FY13 result first cut - Microsec Research

Kotak Mahindra Bank Ltd has announced its Q1FY13 result on 19th July 2012. The bank's total income decreased by 35.96% QoQ and increased by 11.48% YoY to INR1962.42 crores. Whereas, the Profit After Tax (PAT) decreased by 14.87% QoQ and increased by 6.58% YoY to INR443.48 crores.

During the quarter, the bank's loans book and total deposits expanded by 30.86% and 34.09% YoY to INR42318 and INR41632 crores respectively. On the assets quality front, the bank's GNPA and NNPA increased by 3 and 15bps QoQ to 1.34% and 0.66% respectively. However, The bank continues to be well capitalized to support its growth trajectory, the Capital Adequacy Ratio (CAR) of the bank stood at 17.50%, which is almost doubled than the regulator stipulated norms. On the margin front, the bank's Net Interest Margin (NIM) fallen by 10bps QoQ and 30bps YoY to 4.70%.

Source : Equity Bulls

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