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1-min read

Kotak Mahindra Q4 Results: Key Takeaways of Bank's Net Profit

Kotak Mahindra Bank’s net interest income (NII) rose 18% to Rs3,048 crore against Rs2,580 crore in the same quarter last year.

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Updated:May 2, 2019, 11:14 AM IST
Kotak Mahindra Q4 Results: Key Takeaways of Bank's Net Profit
A man walks past the Kotak Mahindra Bank branch in New Delhi. (Image: Reuters)
Kotak Mahindra Bank shares inched up 0.4% to Rs 1,385 apiece on BSE on Tuesday after the lender announced its March quarter earnings. Here are key takeaways from the bank’s Q4 numbers:

-- Kotak Mahindra Bank’s net profit jumped 25.24% to Rs 1,407.80 crore for the March quarter compared with Rs 1,124.05 crore during the year-ago quarter.

-- Kotak Mahindra Bank’s net interest income (NII) rose 18% to Rs 3,048 crore against Rs 2,580 crore in the same quarter last year.

-- Total income increased 18.5% to Rs7,672.56 crore for the March quarter.

-- Gross non-performing assets (NPAs) as a percentage of total advances increased to 2.14% at the end of March, from 2.07% in the previous quarter.

-- Net NPA ratio stood at 0.75% at the end of March versus 0.71% in the previous quarter.

-- In absolute terms, Kotak Mahindra Bank’s net NPA was at Rs1,544.4 crore, while gross NPA was at Rs4,468 crore.

-- Kotak Mahindra Bank’s net interest margin stood at 4.48% for the March quarter and 4.33% for 2018-19.

-- Kotak Mahindra Bank’s CASA ratio stood at 52.5% at the end of March 2019 compared with 50.8% at the end of FY18. A higher CASA ratio indicates lower cost of funds and is a positive for any bank, because lenders do not usually give any interests on current account deposits and the interest on saving accounts is also very low (3-4%).

-- Other income rose to Rs1,270 crore in the March quarter compared with Rs1,151 crore a year ago.

-- The board recommended a dividend of Rs. 0.80 per equity share for the year ended March.

(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
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