Highlights
- Revenue over the Year and quarter: The company experienced a substantial growth of 26.5 % in the past year, substantial increase in revenue by 4.56 %.
- Profit over the Year and quarter: Significant improvement in profitability for Kotak Mahindra Bank Ltd.. Notable increase of 15.74 % in net profit Year to Year, Kotak Mahindra Bank Ltd.’s profitability increased by 24.74 % in this quarter.
- EPS over the Year and quarter: EPS increased by 17.03 % Year to Year. EPS increased by 24.23 % in previous quarter. Positive impact on shareholders.
- Gross NPA % over the Year and quarter: Gross NPA decreased by -17.86 % this quarter. Leading to a -21.59 % reduction over the past year.
- Net NPA % over the Year and quarter: Net NPA increased by 0 % this quarter. Contributing to an overall annual reduction of -12.2 %.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Revenue | Rs. 11981.63 Cr | Rs. 14494.96 Cr | Rs. 15156.18 Cr | + 4.56 % | + 26.5 % |
Interest | Rs. 4229.65 Cr | Rs. 5985.48 Cr | Rs. 6212.16 Cr | + 3.79 % | + 46.87 % |
Expenses | Rs. 10512.51 Cr | Rs. 12484.08 Cr | Rs. 14920.15 Cr | + 19.51 % | + 41.93 % |
Financing Profit | Rs. -2760.53 Cr | Rs. -3974.6 Cr | Rs. -5976.13 Cr | -50.36 % | -116.48 % |
Financing Margin % | -23.04 % | -27.42 % | -39.43 % | -12.01 % | -16.39 % |
Other Income | Rs. 8749.25 Cr | Rs. 9588.19 Cr | Rs. 12751.15 Cr | + 32.99 % | + 45.74 % |
Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Profit before tax | Rs. 5988.72 Cr | Rs. 5613.59 Cr | Rs. 6775.02 Cr | + 20.69 % | + 13.13 % |
Tax % | 24.37 % | 25.14 % | 22.62 % | -2.52 % | -1.75 % |
Net Profit | Rs. 4529.52 Cr | Rs. 4202.39 Cr | Rs. 5242.25 Cr | + 24.74 % | + 15.74 % |
EPS in Rs | Rs. 22.78 | Rs. 21.46 | Rs. 26.66 | + 24.23 % | + 17.03 % |
Gross NPA % | 1.76 % | 1.68 % | 1.38 % | -0.3 % | -0.38 % |
Net NPA % | 0.41 % | 0.36 % | 0.36 % | + 0 % | -0.05 % |
Today, we’re looking at Kotak Mahindra Bank Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year revenue growth of 26.5 %. However, it did see a marginal increase of 4.56 % from the previous quarter. Interest expenses surged remarkably by 3.79 % from the previous quarter, yet the year-over-year increase remains at a moderate 46.87 %. Expenses ticked up slightly by 19.51 % quarter-on-quarter, aligning with the annual rise of 41.93 %.
Financing profit, while down -116.48 % compared to last year, faced a quarter-on-quarter dip of -50.36 %, signaling a short-term contraction in margins. The Financing Margin % contradicts this narrative, showing weakness on an annual basis with a decrease of -16.39 %, but a shrinkage of -12.01 % sequentially. Other income rose by 32.99 % compared to the last quarter, despite an annual growth of 45.74 %. Profit before tax grew annually by 13.13 % but saw an increase from the preceding quarter by 20.69 %. Tax expenses as a percentage of profits decreased slightly by -1.75 % compared to last year, With a more notable quarter-on-quarter decrease of -2.52 %.
Net profit rose by 15.74 % year-on-year, but experienced a 24.74 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 17.03 % but a quarterly rise of 24.23 %. The Gross NPA % indicates concerning trends with a quarterly drop of -0.3 % and an annual decline of -0.38 %, pointing to weakening recovery efforts and a deteriorating credit environment. In contrast, the Net NPA% showcases improvements, revealing a quarterly increase of 0 % and an annual decline of -0.05 %, reflecting persistent vulnerabilities in asset quality and risk management. In summary, Kotak Mahindra Bank Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Revenue | Rs. 11981.63 Cr | Rs. 14494.96 Cr | Rs. 15156.18 Cr | + 4.56 % | + 26.5 % |
Interest | Rs. 4229.65 Cr | Rs. 5985.48 Cr | Rs. 6212.16 Cr | + 3.79 % | + 46.87 % |
Expenses | Rs. 10512.51 Cr | Rs. 12484.08 Cr | Rs. 14920.15 Cr | + 19.51 % | + 41.93 % |
Financing Profit | Rs. -2760.53 Cr | Rs. -3974.6 Cr | Rs. -5976.13 Cr | -50.36 % | -116.48 % |
Net Profit | Rs. 4529.52 Cr | Rs. 4202.39 Cr | Rs. 5242.25 Cr | + 24.74 % | + 15.74 % |
EPS in Rs | Rs. 22.78 | Rs. 21.46 | Rs. 26.66 | + 24.23 % | + 17.03 % |
Gross NPA % | 1.76 % | 1.68 % | 1.38 % | -0.3 % | -0.38 % |
Net NPA % | 0.41 % | 0.36 % | 0.36 % | + 0 % | -0.05 % |
In reviewing Kotak Mahindra Bank Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Revenue saw a robust 26.5 % year-on-year growth, however, there was a minor increase of 4.56 % from the previous quarter. Interest expenses climbed by 3.79 % quarterly and sharply by 46.87 % annually, demonstrating effective cost control and improved debt management. Expenses rose by 41.93 % compared to the previous year, with a 19.51 % increase quarter-on-quarter. Financing Profit dropped by -116.48 % annually, and saw a -50.36 % decrease from the last quarter.
Net Profit showed yearly increase of 15.74 %, and experienced a 24.74 % increase from the previous quarter. Earnings Per Share (EPS) rose by 17.03 % annually, however rose by 24.23 % compared to the last quarter. Gross NPA% decreased by -0.3 % quarterly and fell by -0.38 % annually, showcasing improvements in asset quality. Net NPA% improved by 0 % quarterly and decreased by -0.05 % annually, showcasing effective recovery and risk management strategies. In essence, while Kotak Mahindra Bank Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.