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KOTAK MAH. BANK Announces Quarterly Results (4QFY18); Net Profit Up 0.9%

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KOTAK MAH. BANK Announces Quarterly Results (4QFY18); Net Profit Up 0.9%
Thu, 19 Jul

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

KOTAK MAH. BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Operating incomeRs m56,54863,90767,3245.3%19.1%
Other incomeRs m42,98853,91841,418-23.2%-3.7%
Total revenuesRs m99,536117,826108,741-7.7%9.2%
InterestRs m27,65132,04833,4384.3%20.9%
Gross Profit Rs m28,89731,85933,8866.4%17.3%
Other expensesRs m48,22942,68446,4688.9%-3.7%
Profit before taxRs m20,49021,87722,5683.2%10.1%
TaxRs m6,4477,9598,4015.5%30.3%
Profit after taxRs m14,04313,91814,1671.8%0.9%
Gross profit margin %51.149.950.3
Effective tax rate%31.536.437.2
Net profit margin%24.821.821.0
* 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 19.1% on a year-on-year (YoY) basis. The interest expended was up by 20.9% YoY during the same period.
  • The bank's operating profit increased by 17.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 50.3% in 4QFY18 as against 51.1% in 4QFY17.
  • Other income declined by 3.7% YoY during the quarter.
  • Net profit for the quarter increased by 0.9% YoY. Net profit margins during the quarter declined from 24.8% in 4QFY17 to 21.0% in 4QFY18.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 5.3% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 4.3% QoQ during the same period.
  • The bank's operating profit increased by 6.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 50.3% in 4QFY18 as against 49.9% in 3QFY17.
  • Net profit for the quarter increased by 1.8% QoQ, while net profit margins declined from 21.8% in 3QFY17 to 21.0% in 4QFY18.

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 994.8 to Rs 1,345.5, registering a Gain of Rs 350.8 or around 35.3%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 29,605.7 (down 0.4%). Over the last one year it has moved up from 27,375.4 to 29,605.7, a gain of 2,230.3 points (up 8.1%).

Overall, the S&P BSE SENSEX is down 0.1% over the year.

Current Valuations

At the current price of Rs 1,345.5, the price to earnings (P/E) ratio of KOTAK MAH. BANK stands at 44.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.9 times.

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