KOTAK MAHINDRA BANK Announces Quarterly Results (4QFY19); Net Profit Up 29.9%

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KOTAK MAHINDRA BANK Announces Quarterly Results (4QFY19); Net Profit Up 29.9%
Thu, 2 May

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

KOTAK MAHINDRA BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Operating incomeRs m67,32477,44679,7573.0%18.5%
Other incomeRs m41,41836,02858,47662.3%41.2%
Total revenuesRs m108,741113,474138,23321.8%27.1%
InterestRs m33,43839,40539,7470.9%18.9%
Gross Profit Rs m33,88638,04140,0105.2%18.1%
Other expensesRs m46,46846,98566,60541.8%43.3%
Profit before taxRs m22,56827,19327,9302.7%23.8%
TaxRs m8,4018,9659,5246.2%13.4%
Profit after taxRs m14,16718,22818,4061.0%29.9%
Gross profit margin %50.349.150.2
Effective tax rate%37.233.034.1
Net profit margin%21.023.523.1
* 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 18.5% on a year-on-year (YoY) basis. The interest expended was up by 18.9% YoY during the same period.
  • The bank's operating profit increased by 18.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 50.2% in 4QFY19.
  • Other income increased by 41.2% YoY during the quarter.
  • Net profit for the quarter increased by 29.9% YoY. Net profit margins during the quarter increased from 21.0% in 4QFY18 to 23.1% in 4QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 3.0% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 0.9% QoQ during the same period.
  • The bank's operating profit increased by 5.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 50.2% in 4QFY19 as against 49.1% in 3QFY18.
  • Net profit for the quarter increased by 1.0% QoQ, while net profit margins declined from 23.5% in 3QFY18 to 23.1% in 4QFY19.

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 1,257.3 to Rs 1,402.5, registering a Gain of Rs 145.3 or around 11.6%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 33,142.1 (down 0.6%). Over the last one year it has moved up from 28,614.5 to 33,142.1, a gain of 4,528 points (up 15.8%).

Overall, the S&P BSE SENSEX is up 10.9% over the year.

Current Valuations

At the current price of Rs 1,402.5, the price to earnings (P/E) ratio of KOTAK MAHINDRA BANK stands at 37.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.1 times.

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