Kotak Mahindra Bank Q2FY18 standalone net profit rises 22.3% yoy: In-line with Estimates

India Infoline Research Team | October 25, 2017 14:03 IST

The NII for the quarter registered 16% yoy rise to Rs 2313 crore in Q2FY18 vs Rs 1995 crore in previous year corresponding quarter.

Kotak Mahindra Bank Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
NII 2,313 16
NPA (%) 2.5 [2]
Provisions 216 9.6
Net Profit (adjusted) 994 22.3
***NPA change is bps


Reco. Price


Last updated on


Kotak Mahindra Bank reported its Q2FY18 results today. The quarterly earnings were in line with street estimates. The NII for the quarter was 1.6% below the street estimates of Rs.2351 crore, while net profit was also a per cent below the street estimate of Rs.1004 crore.

The NII for the quarter registered 16% yoy rise to Rs.2313 crore in Q2FY18 vs Rs.1995 crore in previous year corresponding quarter. This was largely led by 8% yoy rise in interest income and minimal rise in interest expended by 1.2% yoy to Rs.2447 crore. While, NIM’s for the quarter stood at 4.30% vs 4.46% in Q2FY17

Asset quality of the bank remained stable as GNPA’s as percentage of total advances stood at 2.47% in Q2FY18 vs 2.49% in Q2FY17. NNPA also stood at 1.26% in Q2FY18.However, total GNPA’s for the quarter rose by 20% yoy to Rs.3814 crore vs Rs.3180 crore in previous year corresponding quarter.

Provisions for the bank surged by 9.6% yoy to Rs.216 crore vs Rs.197 crore in Q2FY17.This minimal rise in provisions led to 22.3% yoy rise in bottom-line to Rs.994 crore in Q2FY18 vs Rs.813 crore in Q2FY17.

Advances for the quarter rose by 21% yoy to Rs.152574 crore in Q2FY18 vs Rs.126015 crore in previous year corresponding quarter. Capital adequacy also looks strong at CAR Basel III at 18.36% in Q2FY18 vs 15.7% in Q2FY17.

Technical View:

Kotak Mahindra Bank Ltd is currently trading at Rs. 1,018, down by 49.7 points or 4.65% from its previous closing of Rs. 1,067.70 on the BSE.
The scrip opened at Rs. 1,080 and has touched a high and low of Rs. 1,080 and Rs. 1,000 respectively. So far 69,55,470(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

***Note: This is a NSE Chart



  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.