KOTAK MAHINDRA BANK = RESULTS FOR = Q4 FY20 11 = FY 2011 = CONSOLIDATED NPT FOR FY 11 UP 19.87% OVER FY 10 = Q4 Cs-NPT UP 17.4% YOY

Kotak Mahindra Bank Limited

NSE Symbol             KOTAKBANK

KOTAK MAHINDRA BANK  has performed well in Q4 FY 11 and in FY 2011 as a whole. The consolidated results are examined below :

Interest on Advances has gone up to Rs.4710.85 cr in FY 2011 – up by 33.59% from FY 2010. The Q4 FY 11 amount is Rs.1345.59 cr – up by 5.32% from Q3 FY 11 and by 40.35% from Q4 FY 10.

Income on Investments        is Rs.1355.19 Cr in FY 11 – up by 33.05% from FY 10. The Q4 FY 11 figures are Rs.357.35 Cr – up by 1.88% from Q3 FY 11; and up by 30.56% from Q4 FY 10.

N I I for FY 11 is Rs.3506.89 Cr – up by 23.99% from FY 10. The same for Q4 FY 11 is Rs.948.35 Cr – up by 2.75% from Q3 FY 11 and by 20.98% from Q4 FY 10.

Total Income is Rs.10963.74 cr in FY 11 – up by 9.79% from FY 10. For Q4 FY 11, the same is Rs.3027.79 Cr – up by 13.47% from Q3 FY 11 and up by 2.80% from Q4 FY 10.

Operating Profit  for FY 11 is Rs.2395 cr – down by 0.77% from FY 10; The same for Q4 FY 11 is Rs.704.56 Cr – up by 18.23% from Q3 FY 11; and down by 4.91% from Q4 FY 10.

Provisions in FY 11 amount to Rs.147.60 cr down from Rs.510.73 cr in FY 10.       The same for Q4 FY 11 is a negative figure at Rs(-)8.57 cr – compared to Rs.53.43 cr in Q3 FY 11; and Rs.121.77 Cr in Q4 FY 10.

Due to lesser Provisions, Profit before tax       has gone up to Rs.2247.40 cr – up by 18.11% from FY 10. The same for Q4 FY 11 is Rs.713.13 Cr – up by 31.46 % from Q3 FY 11; and up by 15.17% from Q4 FY 10.

Net Profit  for FY 11 is Rs.1569.24 Cr – up by 18.22% from FY 10. The same for Q4 FY 11 is Rs.505.46 Cr – up by 32.66% from Q3 FY 11; and up by 18.69% from Q4 FY 10.

Consolidated Net Profit is Rs.1566.74 cr for FY 11,  up by 19.87% from FY 10. The same for Q4 FY 11 is Rs.491.38 cr – up by 28.11% from Q3 FY 11; and up by 17.40% from Q4 FY 10.

Basic EPS  in FY 11 on a face value of Rs.5 is Rs.21.73 – while the same for FY 10 is Rs.18.84  (37.68 / 2); The same for Q4 FY 11 is Rs.6.67; against Rs.5.22 in Q3 FY 11 and Rs.6.015 (12.03/2) in Q4 FY 10.

% of Gross/Net NPA in FY 11 is 0.59 against 1.48 in FY 10. The same in Q4 FY 11 is 0.59, against      0.69 in Q3 FY 11; and 1.48 in Q4 FY 10.

Return on Assets for FY 11 is 2.39 – against 2.73 in FY 10. The same for Q4 FY 11 is  0.68 – against 0.6 in Q3 FY 11 and 0.78 in Q4 FY 10.

Thus, overall, the performance is good in FY 11 and also in Q4 FY 11.

CONSOLIDATED RESULTS TABLE :

KOTAKBANK	FY 11 CS	FY 10 CS	Q4 FY 11CS	Q3 FY 11 CS	Q4 FY 10 CS
Interest on Advances	471,084.83	352,637.01	134,559.16	127,760.33	95,873.27
Income on Investments	135,518.78	101,854.83	35,734.99	35,074.65	27,371.23
Interest on Balances With RBI	2,309.06	690.68	733.64	976.19	143.56
Others	5,230.85	4,933.49	1,243.16	1,569.12	1,387.43
Interest Earned	614,143.52	460,116.01	172,270.95	165,380.29	124,775.49
N I I	350,688.60	282,830.26	94,834.74	92,293.09	78,390.36
Other Income	482,230.33	538,473.85	130,507.81	101,467.09	169,755.76
Total Income	1,096,373.85	998,589.86	302,778.76	266,847.38	294,531.25
Interest Expended	263,454.92	177,285.75	77,436.21	73,087.20	46,385.13
Employees cost	152,234.49	126,095.47	40,051.85	39,671.79	35,992.43
Other Operating Expenses	441,184.56	453,849.39	114,834.66	94,495.80	138,056.23
Operating Expenses	593,419.05	579,944.86	154,886.51	134,167.59	174,048.66
Operating Profit	239,499.88	241,359.25	70,456.04	59,592.59	74,097.46
Provisions	14,759.97	51,072.82	-857.12	5,343.49	12,177.11
Profit before tax	224,739.91	190,286.43	71,313.16	54,249.10	61,920.35
Tax Expense	67,816.41	57,550.44	20,766.97	16,145.77	19,332.72
Net Profit	156,923.50	132,735.99	50,546.19	38,103.33	42,587.63
Minority Interest	2,635.26	1,799.84	1,851.59	613.96	1,154.96
Shares of Associates	-2,386.23	236.1	-443.18	-867.19	-422.43
Consolidated Net Profit	156,674.47	130,700.05	49,137.78	38,356.56	41,855.10
Face Value (in Rs.)	5	10	5	5	10
Paid-up Equity	36,843.58	34,814.15	36,843.58	36,815.07	34,814.15
Reserves	1,059,450.54	756,280.25	-	-	-
Basic EPS  (in Rs.)	21.73	37.68	6.67	5.22	12.03
Diluted EPS  (in Rs.)	21.6	37.28	6.63	5.19	11.9
% of Gross/Net NPA	0.59	1.48	0.59	0.69	1.48
Return on Assets	2.39	2.73	0.68	0.6	0.78

ANNOUNCEMENTS TO NSE

5-05-2011 consolidated Results for the year ended on 31-MAR-2011 as follows: Interest earned of Rs. 614143.52 lacs for the year ending on 31-MAR-2011 against Rs. 460116.01 lacs for the year ending on 31-MAR-2010. Interest expended of Rs. 263454.92 lacs for the year ending on 31-MAR-2011 against Rs. 177285.75 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 156674.47 lacs for the year ending on 31-MAR-2011 against Rs. 130700.05 lacs for the year ending on 31-MAR-2010.     -

05-05-2011          standalone Results for the year ended on 31-MAR-2011 as follows: Interest earned of Rs. 430355.82 lacs for the year ending on 31-MAR-2011 against Rs. 325562.49 lacs for the year ending on 31-MAR-2010. Interest expended of Rs. 205848.54 lacs for the year ending on 31-MAR-2011 against Rs. 139747.55 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 81818.21 lacs for the year ending on 31-MAR-2011 against Rs. 56110.57 lacs for the year ending on 31-MAR-2010.

20-01-2011          "Kotak Mahindra Bank announces results; Bank PAT for Q3FY11 up 32% to Rs 188 cr. Consolidated PAT for Q3FY11 up 16% to Rs 384 cr" along with Earnings Update - Q3FY11 Results.

20-01-2011          consolidated Results for the quarter ended on 31-DEC-2010 as follows: Interest earned of Rs. 165380.29 lacs for the quarter ending on 31-DEC-2010 against Rs. 118470.06 lacs for the quarter ending on 31-DEC-2009. Interest expended of Rs. 73087.2 lacs for the quarter ending on 31-DEC-2010 against Rs. 44491.57 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 38356.56 lacs for the quarter ending on 31-DEC-2010 against Rs. 33139.64 lacs for the quarter ending on 31-DEC-2009.

20-01-2011          standalone Results for the quarter ended on 31-DEC-2010 as follows: Interest earned of Rs. 113540.03 lacs for the quarter ending on 31-DEC-2010 against Rs. 83241.85 lacs for the quarter ending on 31-DEC-2009. Interest expended of Rs. 56391.87 lacs for the quarter ending on 31-DEC-2010 against Rs. 34576.38 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 18787.36 lacs for the quarter ending on 31-DEC-2010 against Rs. 14238.41 lacs for the quarter ending on 31-DEC-2009.

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