KOTAK MAHINDRA BANK Announces Quarterly Results (1QFY20); Net Profit Up 24.7%

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KOTAK MAHINDRA BANK Announces Quarterly Results (1QFY20); Net Profit Up 24.7%
Tue, 23 Jul

KOTAK MAHINDRA BANK has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

KOTAK MAHINDRA BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Operating incomeRs m69,03479,75783,1424.2%20.4%
Other incomeRs m30,00258,47638,154-34.8%27.2%
Total revenuesRs m99,036138,233121,296-12.3%22.5%
InterestRs m34,98739,74741,5514.5%18.8%
Gross Profit Rs m34,04740,01041,5914.0%22.2%
Other expensesRs m35,90066,60547,111-29.3%31.2%
Profit before taxRs m23,15927,93029,1324.3%25.8%
TaxRs m7,7149,5249,8633.6%27.9%
Profit after taxRs m15,44618,40619,2694.7%24.7%
Gross profit margin %49.350.250.0
Effective tax rate%33.334.133.9
Net profit margin%22.423.123.2
* 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 20.4% on a year-on-year (YoY) basis. The interest expended was up by 18.8% YoY during the same period.
  • The bank's operating profit increased by 22.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 50.0% in 1QFY20 as against 49.3% in 1QFY19.
  • Other income increased by 27.2% YoY during the quarter.
  • Net profit for the quarter increased by 24.7% YoY. Net profit margins during the quarter increased from 22.4% in 1QFY19 to 23.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 4.2% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 4.5% QoQ during the same period.
  • The bank's operating profit declined by 4.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 50.0% in 1QFY20 as against 50.2% in 4QFY19.
  • Net profit for the quarter increased by 4.7% QoQ, while net profit margins increased from 23.1% in 4QFY19 to 23.2% in 1QFY20.

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

KOTAK MAHINDRA BANK Share Price Performance

Over the last one year,KOTAK MAHINDRA BANK share price has moved up from Rs 1,336.2 to Rs 1,475.0, registering a Gain of Rs 138.8 or around 10.4%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 33,018.0 (up 0.1%). Over the last one year it has moved up from 29,992.5 to 33,018.0, a gain of 3,026 points (up 10.1%).

Overall, the S&P BSE SENSEX is up 3.6% over the year.

Current Valuations

At the current price of Rs 1,475.0, the price to earnings (P/E) ratio of KOTAK MAHINDRA BANK stands at 36.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.6 times.

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