OTHER GROUP COMPANIES
market

Kotak Mahindra Bank's Q4FY16 standalone net profit rises 32% yoy to Rs.695.78 crore : Estimates Mixed

The bank’s standalone NII stood at Rs. 1,857.24 crore, up 65.36% yoy but down 5.15% qoq.

May 11, 2016 2:51 IST | India Infoline News Service
Kotak Mahindra Bank, fourth largest Indian private sector bank by mcap, reported standalone net profit of Rs. 695.78 crore for the quarter ended March 31, 2016, registering growth of 31.99% yoy and 9.62% qoq. It's Net Interest Income (NII) for the quarter stood at Rs. 1,857.24 crore, clocking growth of 65.36% yoy and 5.15% qoq.

Gross non-performing assets (GNPA) for the quarter stood at 2.36% up 51 bps yoy and 6 bps qoq. Provisions at Rs.200.41 crore were higher 199.39% yoy but lower 14.81% qoq.

For the year ended March 31, 2016, the bank reported net profit of Rs. 2,089.78 crore, registering growth of 11.99% yoy. It's NII for the current period of Rs. 6,900.38 crore was up  63.37% yoy. Provisions during the period at Rs. 917.37 crore were higher by 457.67% yoy.

On consolidated basis, Kotak Mahindra Bank Ltd's net profit of Rs. 1,055.23 crore for the quarter, grew 15.63% yoy and 11.65% qoq. The bank's Total Income for the quarter stood at Rs. 7,910.41 crore, clocking growth of 28.16% yoy and 13.81% qoq.

Gross non-performing assets (GNPA) for the quarter stood at 2.06% up 50 bps yoy and 5 bps qoq. Provisions at Rs.211.98 crore were higher 171.46% yoy but lower 18.79% qoq.

For the year ended March 31, 2016, the bank reported net profit of Rs. 3,458.85 crore, registering growth of 115195% yoy. It's Total Income for the current period of Rs. 27,974.52 crore was up  30.58% yoy.

Provisions during the period at Rs. 991.56 crore were higher by 381.97% yoy.

Result Highlights: (Rs. in crore)

Reported Results Bloomberg Estimates Variance (%)
Consolidated Revenue 20401 17954 13.62
Consolidated Net Profit 3458 3559 [2.83]

Stock Commentary:

Kotak Mahindra Bank Ltd is currently trading at Rs. 733, up by 11.5 points or 1.59% from its previous closing of Rs. 721.5 on the BSE.

The scrip opened at Rs. 722 and has touched a high and low of Rs. 736.6 and Rs. 715.7 respectively. So far 3561766(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 132367.14 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 744.45 on 21-Jul-2015 and a 52 week low of Rs. 586.5 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 725 and Rs. 697 respectively.

The promoters holding in the company stood at 33.7 % while Institutions and Non-Institutions held 40.64 % and 25.66 % respectively.

The stock is currently trading below its 200 DMA.


OPEN A DEMAT ACCOUNT & Get
FREE Benefits Worth 5,000

FEATURED ARTICLE

BLOGS

Open Demat Account

  • 0

    Per Order for ETF & Mutual Funds Brokerage

  • 20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity