Stock Report

Kotak Mahindra Bank reports consolidated net profit of Rs. 5242.25 crores

Posted On : 2024-05-05 09:09:50( TIMEZONE : IST )

Kotak Mahindra Bank Limited has reported Consolidated financial results for the period ended March 31, 2024.

Financial Results (Q4 FY2024) - QoQ Comparison

The company has reported total income of Rs. 27907.33 crores during the period ended March 31, 2024 as compared to Rs. 24083.15 crores during the period ended December 31, 2023.

The company has posted net profit / (loss) of Rs. 5242.25 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs. 4202.39 crores for the period ended December 31, 2023.

The company has reported EPS of Rs. 26.65 for the period ended March 31, 2024 as compared to Rs. 21.46 for the period ended December 31, 2023.

Financials	Q4 FY2024	Q3 FY2024	% Change
Total Income	₹ 27907.33 crs	₹24083.15 crs	15.88%
Net Profit	₹5242.25 crs	₹ 4202.39 crs	24.74%
EPS	₹26.65	₹21.46	24.18%

Financial Results (Q4 FY2024) - YoY Comparison

The company has reported total income of Rs. 27907.33 crores during the period ended March 31, 2024 as compared to Rs.20766.51 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs.5242.25 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs.4529.52 crores for the period ended March 31, 2023.

The company has reported EPS of Rs.26.65 for the period ended March 31, 2024 as compared to Rs.22.78 for the period ended March 31, 2023.

Financials	Q4 FY2024	Q4 FY2023	% Change
Total Income	₹ 27907.33 crs	₹20766.51 crs	34.39%
Net Profit	₹5242.25 crs	₹4529.52 crs	15.74%
EPS	₹26.65	₹22.78	16.99%

Financial Results (Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.94273.91 crores during the Financial Year ended March 31, 2024 as compared to Rs.68142.03 crores during the Financial Year ended March 31, 2023.

The company has posted net profit / (loss) of Rs.17976.83 crores for the Financial Year ended March 31, 2024 as against net profit / (loss) of Rs.14780.44 crores for the Financial Year ended March 31, 2023.

The company has reported EPS of Rs.91.45 for the Financial Year ended March 31, 2024 as compared to Rs.74.94 for the Financial Year ended March 31, 2023.

Financials	Year Ended FY2024	Year Ended FY2023	% Change
Total Income	₹94273.91 crs	₹68142.03 crs	38.35%
Net Profit	₹17976.83 crs	₹14780.44 crs	21.63%
EPS	₹91.45	₹74.94	22.03%

Asset Quality:

Asset Quality	Q4 FY2024	Q3 FY2024	Q4 FY2023
Gross NPA	₹6002.53 crs	₹6981.15 crs	₹6418.67 crs
Gross NPA %	1.38%	1.68%	1.76%
Net NPA	₹1567.08 crs	₹1487.03 crs	₹1478.64 crs
Net NPA %	0.36%	0.36%	0.41%

Gross NPA was at ₹ 6002.53 crs in Q4 FY2024 against ₹ 6418.67 crs in Q4 FY2023. The same was at ₹ 6981.15 crs in Q3 FY2024.

Net NPA was at ₹ 1567.08 crs in Q4 FY2024 against ₹ 1478.64 crs in Q4 FY2023. The same was at ₹ 1487.03 crs in Q3 FY2024.

GNPA was at 1.38% of Gross advances as on March 31, 2024 as compared to 1.76% as on March 31, 2023 and 1.68% as of December 31, 2023.

Net NPA was at 0.36% of Gross advances as on March 31, 2024 as compared to 0.41% as on March 31, 2023 and 0.36% as of December 31, 2023.

Ratios	Q4 FY2024	Q3 FY2024	Q4 FY2023
RoA %	0.73%	0.62%	0.76%
CAR (BASEL III) %	20.55%	19%	21.80%

Return on Average Assets (RoA) is at 0.73% for Q4 FY2024 against 0.62% in Q3 FY2024 and 0.76% in Q4 FY2023.

In Q4 FY2024, Bank's total Capital Adequacy Ratio (CAR) was at 20.55%, as compared to 19% in Q3 FY2024 and 21.80% in Q4 FY2023.

Shares of Kotak Mahindra Bank Limited was last trading in BSE at Rs. 1547.25 as compared to the previous close of Rs. 1575.80. The total number of shares traded during the day was 1645704 in over 44105 trades.

The stock hit an intraday high of Rs. 1587.30 and intraday low of 1544.15. The net turnover during the day was Rs. 2579664744.00.