• JANUARY 28, 2000

Kotak Mahindra Finance Ltd reports a 401% increase in net

Kotak Mahindra has reported a net profit of Rs 103 m for the 3QFY2000, a growth of 401%.

The main reason of the better performance are a turnaround in the economy, substantial improvement in the capital markets, significant increase in demand for commercial vehicles and an ability to raise money at competitive rates. The net sales for the 3QFY2000 went up by 11.7% to Rs 487.5 m, while interest costs fell marginally and depreciation costs fell 31% YoY.

(Rs m) 3QFY2000 3QFY1999 Change
Net Sales 487.5 436.3 11.7%
Other Income 111.1 95.4 16.5%
Total Expenditure 73.8 58.6 25.9%
Interest 216.6 217.1 -0.2%
Depreciation 118.8 172.2 -31.0%
Profit before Tax 158.3 50.6 212.7%
Tax 55.0 30.0 83.3%
Profit after Tax/(Loss) 103.3 20.6 400.9%
Net profit margin (%) 21.2% 4.7%  

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