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KOTAK MAH. BANK Announces Quarterly Results (1QFY19); Net Profit Up 14.7%

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KOTAK MAH. BANK Announces Quarterly Results (1QFY19); Net Profit Up 14.7%
Wed, 25 Jul

KOTAK MAH. BANK has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

KOTAK MAH. BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Operating incomeRs m59,35267,32469,0342.5%16.3%
Other incomeRs m26,75541,41830,002-27.6%12.1%
Total revenuesRs m86,106108,74199,036-8.9%15.0%
InterestRs m29,30633,43834,9874.6%19.4%
Gross Profit Rs m30,04533,88634,0470.5%13.3%
Other expensesRs m34,47546,46835,900-22.7%4.1%
Profit before taxRs m20,10622,56823,1592.6%15.2%
TaxRs m6,6388,4017,714-8.2%16.2%
Profit after taxRs m13,46814,16715,4469.0%14.7%
Gross profit margin %50.650.349.3
Effective tax rate%33.037.233.3
Net profit margin%22.721.022.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter grew 16.3% on a year-on-year (YoY) basis. The interest expended was up by 19.4% YoY during the same period.
  • The bank's operating profit increased by 13.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 49.3% in 1QFY19 as against 50.6% in 1QFY18.
  • Other income increased by 12.1% YoY during the quarter.
  • Net profit for the quarter increased by 14.7% YoY. Net profit margins during the quarter declined from 22.7% in 1QFY18 to 22.4% in 1QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 2.5% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 4.6% QoQ during the same period.
  • The bank's operating profit declined by 0.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 49.3% in 1QFY19 as against 50.3% in 4QFY18.
  • Net profit for the quarter increased by 9.0% QoQ, while net profit margins increased from 21.0% in 4QFY18 to 22.4% in 1QFY19.

To see how KOTAK MAH. BANK has performed over the last eight quarters, please visit here.

KOTAK MAH. BANK Share Price Performance

Over the last one year, KOTAK MAH. BANK share price has moved up from Rs 987.4 to Rs 1,296.9, registering a Gain of Rs 309.5 or around 31.3%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 29,942.0 (down 0.0%). Over the last one year it has moved up from 27,757.0 to 29,942.0, a gain of 2,185 points (up 7.9%).

Overall, the S&P BSE SENSEX is up 0.0% over the year.

Current Valuations

At the current price of Rs 1,296.9, the price to earnings (P/E) ratio of KOTAK MAH. BANK stands at 41.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.7 times.

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