Kotak Mahindra Bank - Q4FY13 Result - First-Cut - Microsec

Kotak Mahindra Bank Ltd announced its Q4FY13 result on 2nd May 2013.

The bank's total income increased by 7.18% QoQ while, decreased by 9.88% YoY to INR2762.33 crores. Whereas, Profit After Tax (PAT) increased by 15.31% QoQ and 27.52% YoY to INR665.60 crores.

During the quarter, bank's loan book and total deposits expanded by 24.03% and 32.41% YoY to INR48468.98 and INR51028 crores respectively. On the asset quality front, GNPA and NNPA stood at 1.27% and 0.55% respectively. Moreover, bank is well capitalize to support its growth trajectory. Capital Adequacy Ratio (CAR) stood at 16.05%, which is 7.05% higher than the regulator's stipulated norm. On the deposits front, bank's low cost deposit base (CASA) has been improved by 300bps QoQ to 29% which helped it to improve its Net Interest Margin by 20bps QoQ to 4.80%. Provision Coverage Ratio (PCR) has been improved by 160bps QoQ to 68.20%.

In FY13, bank's topline grew by 17.79% YoY to INR9888.61 crores. Whereas, bottom line grew by 19.44% YoY to INR2188.46 crores.

Source : Equity Bulls

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