Kotak Mahindra Bank - Q3 Results Review - Nirmal Bang

- Results were good
- NII increased 8.5% QoQ and 26.3% YoY to Rs 822.85 cr
- Profit before provisioning increased 18.7% QoQ and 29.1% YoY to Rs 572.6 cr PAT increased 29.0% QoQ and 31% YoY to Rs 361.7 cr
- Gross NPA was flat whereas net NPA declined 5.4% QoQ
- The stock is trading at 5.48x P/ABV which we believe is fairly valued

Source : Equity Bulls

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