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

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KOTAK MAHINDRA BANK Announces Quarterly Results (4QFY20); Net Profit Up 6.0%
Thu, 14 May

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

KOTAK MAHINDRA BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Operating incomeRs m79,75783,32084,3411.2%5.7%
Other incomeRs m58,47652,10536,506-29.9%-37.6%
Total revenuesRs m138,233135,424120,847-10.8%-12.6%
InterestRs m39,74738,90438,009-2.3%-4.4%
Gross Profit Rs m40,01044,41646,3324.3%15.8%
Other expensesRs m66,60562,90043,471-30.9%-34.7%
Profit before taxRs m27,93029,08926,745-8.1%-4.2%
TaxRs m9,5245,6017,22629.0%-24.1%
Profit after taxRs m18,40623,48719,518-16.9%6.0%
Gross profit margin %50.253.354.9
Effective tax rate%34.119.327.0
Net profit margin%23.128.223.1
* 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 5.7% on a year-on-year (YoY) basis. The interest expended was down by 4.4% 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 54.9% in 4QFY20 as against 50.2% in 4QFY19.
  • Other income declined by 37.6% YoY during the quarter.
  • Net profit for the quarter increased by 6.0% YoY. Net profit margins during the quarter increased from 23.1% in 4QFY19 to 23.1% in 4QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 1.2% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 2.3% QoQ during the same period.
  • The bank's operating profit increased by 4.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 54.9% in 4QFY20 as against 53.3% in 3QFY19.
  • Net profit for the quarter declined by 16.9% QoQ, while net profit margins declined from 28.2% in 3QFY19 to 23.1% in 4QFY20.

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

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KOTAK MAHINDRA BANK Share Price Performance

Over the last one year,KOTAK MAHINDRA BANK share price has moved down from Rs 1,384.8 to Rs 1,197.4, registering a Loss of Rs 187.5 or around 13.5%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 22,058.8 (down 1.6%). Over the last one year it has moved down from 32,235.0 to 22,058.8, a loss of 10,176 points (down 31.6%).

Overall, the S&P BSE SENSEX is down 15.0% over the year.

Current Valuations

At the current price of Rs 1,197.4, the price to earnings (P/E) ratio of KOTAK MAHINDRA BANK stands at 25.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.8 times.

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