28 Jan 2022 , 08:26 PM
In terms of top line revenues, Kotak Bank saw revenue growth across retail banking, corporate banking, broking and asset management. However, treasury gains were lower due to higher bond yields.
The top line was also lower due to losses on sale of investments and investment revaluation, as compared to gains in the Dec-20 quarter.
Net interest margins or NIM remained robust and among best in class at 4.62%. Net customer additions were more than double in the quarter at 2.1 million on yoy comparison.
The CASA ratio improved by 100 bps at 59.9%. Operating margin or OPM expanded from a level of 27.03% in Dec-20 to 30.28% in Dec-21 quarter.
Capital adequacy is extremely comfortable at 21.3%. PAT margins improved from 17.73% to 24.00% on a yoy basis. Net margins were also higher on a sequential basis.
Financial highlights for Dec-21 compared yoy and sequentially
Kotak Mahindra Bank | |||||
Rs in Crore | Dec-21 | Dec-20 | YOY | Sep-21 | QOQ |
Total Income | ₹ 14,176 | ₹ 14,671 | -3.37% | ₹ 15,342 | -7.60% |
Operating Profit | ₹ 4,293 | ₹ 3,965 | 8.26% | ₹ 4,365 | -1.66% |
Net Profit | ₹ 3,403 | ₹ 2,602 | 30.79% | ₹ 2,989 | 13.85% |
Diluted EPS | ₹ 17.15 | ₹ 13.14 | ₹ 15.06 | ||
Operating Margins | 30.28% | 27.03% | 28.45% | ||
Net Margins | 24.00% | 17.73% | 19.48% | ||
Gross NPA Ratio | 2.75% | 2.25% | 3.16% | ||
Net NPA Ratio | 0.87% | 0.53% | 1.09% | ||
Return on Assets (Not Ann) | 0.65% | 0.56% | 0.60% | ||
Capital Adequacy | 21.29% | 21.54% | 21.76% |
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