KOTAK MAHINDRA BANK Announces Quarterly Results (2QFY21); Net Profit Up 21.9%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

KOTAK MAHINDRA BANK Announces Quarterly Results (2QFY21); Net Profit Up 21.9%
Tue, 27 Oct

KOTAK MAHINDRA BANK has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

KOTAK MAHINDRA BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Operating incomeRs m84,18884,21783,374-1.0%-1.0%
Other incomeRs m41,24239,01552,54134.7%27.4%
Total revenuesRs m125,430123,232135,91410.3%8.4%
InterestRs m40,54336,28232,855-9.4%-19.0%
Gross Profit Rs m43,64447,93550,5195.4%15.8%
Other expensesRs m50,70951,40359,18215.1%16.7%
Profit before taxRs m29,52924,35339,14560.7%32.6%
TaxRs m5,4565,9499,81064.9%79.8%
Profit after taxRs m24,07318,40429,33559.4%21.9%
Gross profit margin %51.856.960.6
Effective tax rate%18.524.425.1
Net profit margin%28.621.935.2
* 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 fell 1.0% on a year-on-year (YoY) basis. The interest expended was down by 19.0% YoY during the same period.
  • The bank's operating profit increased by 15.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 60.6% in 2QFY21 as against 51.8% in 2QFY20.
  • Other income increased by 27.4% YoY during the quarter.
  • Net profit for the quarter increased by 21.9% YoY. Net profit margins during the quarter increased from 28.6% in 2QFY20 to 35.2% in 2QFY21.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 1.0% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 9.4% QoQ during the same period.
  • The bank's operating profit increased by 5.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 60.6% in 2QFY21 as against 56.9% in 1QFY20.
  • Net profit for the quarter increased by 59.4% QoQ, while net profit margins increased from 21.9% in 1QFY20 to 35.2% in 2QFY21.

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

Latest: Chinese Aggression on the Border Triggers a Huge Opportunity

KOTAK MAHINDRA BANK Share Price Performance

Over the last one year, KOTAK MAHINDRA BANK share price has moved down from Rs 1,593.3 to Rs 1,550.0, registering a Loss of Rs 43.3 or around 2.7%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 27,861.5 (up 1.6%). Over the last one year it has moved down from 33,412.4 to 27,861.5, a loss of 5,551 points (down 16.6%).

Overall, the S&P BSE SENSEX is up 3.2% over the year.

Current Valuations

At the current price of Rs 1,550.0, the price to earnings (P/E) ratio of KOTAK MAHINDRA BANK stands at 31.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.9 times.

Equitymaster requests your view! Post a comment on "KOTAK MAHINDRA BANK Announces Quarterly Results (2QFY21); Net Profit Up 21.9%". Click here!

  

Related Views on News

KOTAK MAHINDRA BANK Announces Quarterly Results (1QFY21); Net Profit Down 4.5% (Quarterly Result Update)

Jul 30, 2020 | Updated on Jul 30, 2020

For the quarter ended June 2020, KOTAK MAHINDRA BANK has posted a net profit of Rs 18 bn (down 4.5% YoY). Sales on the other hand came in at Rs 84 bn (up 1.3% YoY). Read on for a complete analysis of KOTAK MAHINDRA BANK's quarterly results.

KOTAK MAHINDRA BANK Announces Quarterly Results (4QFY20); Net Profit Up 6.0% (Quarterly Result Update)

May 14, 2020 | Updated on May 14, 2020

For the quarter ended March 2020, KOTAK MAHINDRA BANK has posted a net profit of Rs 20 bn (up 6.0% YoY). Sales on the other hand came in at Rs 84 bn (up 5.7% YoY). Read on for a complete analysis of KOTAK MAHINDRA BANK's quarterly results.

How the YES Bank Collapse Unfolded - 10 Points (Sector Info)

Mar 9, 2020

A timeline of how YES Bank went from a stock market darling to a pariah.

Today's Stock Market Crash: 10 Points (Sector Info)

Mar 6, 2020

Top factors that dragged the markets lower today.

More Views on News

Most Popular

This One Smallcap Stock is a Must Have in Your Portfolio(Profit Hunter)

Nov 11, 2020

Investing in this smallcap could open doors of huge, long-lasting wealth.

This Diwali Consider Richa's #1 Stock Pick for 2021(Profit Hunter)

Nov 13, 2020

Why I admire the approach that Richa uses to zero in on stocks with huge upside potential.

Should You Buy Gold Now?(Fast Profits Daily)

Nov 11, 2020

Pfizer has announced a vaccine for covid-19. In response, gold prices have fallen. Should you buy? Find out in this video..

Don't Let Brokerages Fool You into Buying HUL & Nestle. The Real Money is in These Stocks Right Now...(Views On News)

Nov 12, 2020

Rahul Shah discusses why he preferred a little known stock over Nestle Ltd and how he was proven right.

US Elections: Won a Battle, Now the War(The Honest Truth)

Nov 13, 2020

Ajit Dayal on the urgent need to fix the disparity between the rich and the poor in the US.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

KOTAK MAHINDRA BANK SHARE PRICE


Nov 24, 2020 09:12 AM

TRACK KOTAK MAHINDRA BANK

  • Track your investment in KOTAK MAHINDRA BANK with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON KOTAK MAHINDRA BANK

KOTAK MAHINDRA BANK - BANK OF INDIA COMPARISON

COMPARE KOTAK MAHINDRA BANK WITH

MARKET STATS