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Kotak Mahindra Bank has announced its Q4FY12 along with Annual FY12 result on 8th May 2012.
On the quarterly basis, the bank’s total income increased by 61.26% QoQ and 35.98% YoY to INR3064.25 crores mainly, because of 123.75% QoQ and 46.51% YoY growth in its other income. Profit After Tax (PAT) increased by 12.60% QoQ and 6.01% YoY to INR520.94 crores. For the whole year of FY12, the bank’s total income increased by 0.80% YoY to INR8395.42 crores whereas, Profit After Tax (PAT) increased by 16.95% YoY to INR1832.25 crores.
The Bank has reported a growth in advances by 33.24% YoY to INR39079 crores and a growth in deposits by 31.70% YoY to INR38537 crores. On the assets front, the bank’s NNPA and GNPA stood at 0.51% and 1.31%, increased by 4bps each QoQ and decreased by 8 and 40bps YoY respectively. Moreover, the bank’s Capital Adequacy Ratio (CAR) stood at 17.52%, which is almost double than the regulator’s stipulated norm. However, Net Interest Margin (NIM) of the bank improved by 10bps QoQ and decreased by 40bps YoY to 4.80%. CASA improved by 400bps QoQ and 200bps YoY to 32%. Recently, bank had increased the deposits rate post RBI deregulation of savings rate.
The Bank has declared a dividend of Rs.0.60 per share having face value of Rs.5 for the year ended 31st March, 2012 (Previous year dividend was Rs.0.50 per share having face value Rs.5).
Kotak Mahindra Bank Q4FY12 Result-[INR-Crores] Consolidated
| ||||||||
DESCRIPTION
|
Q4'12
|
Q3'12
|
Q4'11
|
QoQ%
|
YoY%
|
FY12
|
FY11
|
YoY%
|
Interest Earned
|
2348.66
|
2222.79
|
1674.08
|
5.66
|
40.30
|
8470.41
|
5973.11
|
41.81
|
Interest Expended
|
1299.34
|
1223.08
|
795.97
|
6.24
|
63.24
|
4541.95
|
2668.24
|
70.22
|
NII
|
1049.32
|
999.71
|
878.11
|
4.96
|
19.50
|
3928.46
|
3304.87
|
18.87
|
Other Income
|
2014.93
|
900.51
|
1375.31
|
123.75
|
46.51
|
4466.96
|
5024.31
|
-11.09
|
Total Income
|
3064.25
|
1900.22
|
2253.42
|
61.26
|
35.98
|
8395.42
|
8329.18
|
0.80
|
Operating Expenses
|
2310.77
|
1180.44
|
1548.86
|
95.75
|
49.19
|
5640.19
|
5934.19
|
-4.95
|
Operating Profit before Prov.& Cont.
|
753.48
|
719.78
|
704.56
|
4.68
|
6.94
|
2755.23
|
2394.99
|
15.04
|
Provisions and Contingencies
|
2.25
|
45.21
|
-8.57
|
-95.02
|
-126.25
|
98.69
|
147.59
|
-33.13
|
PBT
|
751.23
|
674.57
|
713.13
|
11.36
|
5.34
|
2656.54
|
2247.4
|
18.21
|
Tax
|
222.45
|
208.33
|
207.66
|
6.78
|
7.12
|
806.00
|
678.16
|
18.85
|
Profit After Tax before Minority Interest
|
528.78
|
466.24
|
505.47
|
13.41
|
4.61
|
1850.54
|
1569.24
|
17.93
|
Share of Minority Interest
|
14.88
|
12.27
|
18.51
|
21.27
|
-19.61%
|
52.84
|
26.35
|
100.53%
|
Share in Profit of Associates
|
7.04
|
8.68
|
4.43
|
-18.89
|
58.92%
|
34.55
|
23.86
|
44.80%
|
Profit After Tax
|
520.94
|
462.65
|
491.39
|
12.60
|
6.01%
|
1832.25
|
1566.75
|
16.95%
|
Adj Calculated EPS
|
7.00
|
6.23
|
6.63
|
12.36
|
5.58
|
24.67
|
21.60
|
14.21
|
Advances
|
39079.00
|
39772.00
|
29329.00
|
-1.74
|
33.24
|
39079.00
|
29329.30
|
33.24
|
Deposits
|
38537.00
|
38385.00
|
29261.00
|
0.40
|
31.70
|
38537.00
|
29261.00
|
31.70
|
Q4'12
|
Q3'12
|
Q4'11
|
QoQ (bps)
|
YoY(bps)
|
FY12
|
FY11
|
YoY(bps)
| |
Capital Adequacy Ratio Basel II
|
17.52%
|
16.87%
|
19.92%
|
65
|
-240
|
17.52%
|
19.92%
|
-240
|
% of Net NPAs
|
0.51%
|
0.47%
|
0.59%
|
4
|
-8
|
0.51%
|
0.59%
|
-8
|
% of Gross NPAs
|
1.31%
|
1.27%
|
1.71%
|
4
|
-40
|
1.31%
|
1.71%
|
-40
|
CASA%
|
32.00%
|
28.00%
|
30.00%
|
400
|
200
|
32.00%
|
30.00%
|
200
|
NIM %
|
4.80%
|
4.70%
|
5.20%
|
10
|
-40
|
4.80%
|
5.20%
|
-40
|
C/D ratio
|
101.41%
|
103.61%
|
100.23%
|
-221
|
117
|
101.41%
|
100.23%
|
-305
|
C/I Ratio
|
75.41%
|
62.12%
|
68.73%
|
1329
|
668
|
67.18%
|
71.25%
|
-407
|
OI/TI
|
24.59%
|
37.88%
|
31.27%
|
-1329
|
-668
|
32.82%
|
28.75%
|
407
|
Regards,
Team Microsec Research
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