Q3 FY23 Results Preview: Kotak Mahindra Bank: NII seen at Rs 53 billion; PAT at Rs 27 billion

20 Jan 2023 , 03:40 AM

Result date: 21^st January, 2023

Recommendation: ADD

Target Price: Rs 2030

Analysts at IIFL Capital Services forecast that growth in loans & advances for IIFL Capital Services is expected to remain strong for Kotak Mahindra Bank in the  December quarter. Net Interest Income is forecasted to grow Y-o-Y by 22% in the quarter. Asset quality will remain good. 

Important management insights to watch out for:

• Credit demand across segments
• Asset quality trends
• Margin drivers

Source: IIFL Research

Rs Billion	December quarter estimate	Y-o-Y	Q-o-Q
NII	53	22%	4%
Total Income	74	30%	5%
PPOP	37.8	40%	6%
PAT	27	27%	5%