Thursday, December 29, 2011

KOTAK MAHINDRA BANK = RESULTS FOR = Q2 FY 2011-12 = QTR ENDING SEP,2011 = CONSOL.NPT UP BY 19% YOY


Kotak Mahindra Bank Limited

QUARTERLY RESULTS
FOR  Q2 FY 2011-12 ENDING SEP’2011


Kotak Mahindra Bank has produced very good results for quarter ending Sept,2011.

Interest on Advances has gone up to Rs.1569.57 cr in Q2 FY 12 – compared to Rs.1431.92 Cr (Up by +9.61%) in previous qtr of Q1 F 12 – and compared to Rs.1101.37 Cr in the corresponding Qtr of Q2 FY 11 (Up by +42.51%).

Total Interest Earned has increased to Rs.2029.36 Cr in Q2 FY 12 – compared to Rs.1869.61 Cr in Q1 FY 12 (Up by +8.54%) and compared to Rs.1449.27 Cr in Q2 FY 11 (Up by +40.03%).

Interest Expended has also gone up to Rs.1070.29 Cr in Q2 FY 12 – compared to Rs.949.24 cr (Up by +12.75%) – and compared to Rs.606.04 Cr in Q2 FY 11 (Up by +76.6%). Thus, Interest expense has gone up more than proportionately – compared to Interest earned.

Total Income stands at Rs.2740.84 Cr in Q2 FY 12 – compared to Rs.2709.65 Cr in Q1 FY 12 (Up by +1.15%) – and compared to Rs.2940.96 Cr in Q2 FY 11 (down by -6.8%).

Total Expenditure has increased to      Rs.2085.51 Cr in Q2 FY 12 – compared to Rs.    2082.99 cr in Q1 FY 12 (Up by 0.12%) – and compared to Rs.2372.48 Cr in Q2 FY 11 (down by -12.1%).

Provisions    stands at Rs.27.06 cr in Q2 FY 12 – compared to Rs. 24.16 cr in Q1 FY 12 and  Rs.47.45 Cr in Q2 FY 12.

Profit before tax        stands at Rs.628.26 Cr in Q2 FY 12 – compared to Rs.602.49 cr (up by 4.28%) in Q1 FY 12 – and compared to Rs.521.04 Cr in Q2 FY 11 (Up by 20.58%).

Net Profit has increased to Rs.436.17 cr in Q2 FY 12 – compared to Rs.419.37 Cr in Q1 FY 12 (Up by +4.01%)– and compared to  Rs.363.06 Cr in Q2 FY 11 (Up by 20.14%).

Consolidated Net Profit stands at Rs.432.58 Cr in Q2 FY 12 – compared to Rs.416.10 Cr in Q1 FY 12 (up by 3.96%) and compared to Rs.364.11 Cr in Q2 FY 11 (Up by 18.81%).

% of Gross/Net NPA comes to 0.36 in Q2 FY 12; 0.54 in Q1 FY 12; and 0.69 in Q2 FY 11.

Return on Assets comes to Rs.0.53 in Q2 FY 12; Rs.0.55 in Q1 FY 12; and Rs.0.59 in Q2 FY 11.

Basic EPS (Rs.) comes to Rs.5.86 in Q2 FY 12; Rs.5.64 in Q1 FY 12 and Rs.5.08 in Q2 FY 11.At this rate, the annual EPS is around Rs.23 on FV of Rs.5.

Current Market Price is Rs.445 (On FV of Rs.5) – and the  52 week high price is Rs.520 while the 52 week low price is Rs.333.  The PE Ratio is 19.35.

AWARDS

Kotak Investment Banking has been adjudged Best Investment Bank in India and Best Equity House in India in the FinanceAsia Country Awards for Achievement and the Best Domestic Equity House in the Asiamoney Best Banks Awards for 2011. This is the sixth consecutive year that Kotak has been awarded the best investment bank in India title by FinanceAsia and the fourth year in a row that the firm has been named the best domestic equity house by Asiamoney.

KOTAK BANK NET WORK

Business            Branches     (SEP,11)

Banking :
323
Car Finance
69
Life Insurance
202
Securities
1,429
Mutual Fund
84
Total
2 ,107

ANNOUNCEMENTS BY COMPANY

25-10-2011        "Bank PAT for Q2FY12 up 34% to Rs. 260 cr; Consolidated PAT for Q2FY12 up 19% to Rs. 433 cr", alongwith the Earnings Update.

25-10-2011        consolidated Results for the quarter ended on 30-SEP-2011 as follows: Interest earned of Rs. 202935.56 lacs for the quarter ending on 30-SEP-2011 against Rs. 144926.57 lacs for the quarter ending on 30-SEP-2010. Interest expended of Rs. 107028.64 lacs for the quarter ending on 30-SEP-2011 against Rs. 60603.92 lacs for the quarter ending on 30-SEP-2010. Net Profit / (Loss) of Rs. 43257.97 lacs for the quarter ending on 30-SEP-2011 against Rs. 36410.79 lacs for the quarter ending on 30-SEP-2010.

25-10-2011        standalone Results for the quarter ended on 30-SEP-2011 as follows: Interest earned of Rs. 146464.94 lacs for the quarter ending on 30-SEP-2011 against Rs. 132978.22 lacs for the quarter ending on 30-JUN-2011. Interest expended of Rs. 85918.98 lacs for the quarter ending on 30-SEP-2011 against Rs. 76193.23 lacs for the quarter ending on 30-JUN-2011. Net Profit / (Loss) of Rs. 26001.01 lacs for the quarter ending on 30-SEP-2011 against Rs. 25203.49 lacs for the quarter ending on 30-JUN-2011.


CONSOLIDATED
RESULTS TABLE

Q2 FY12
% Dif
% Dif
Interest on Advances
156,956.97
143,191.55
9.61
110,137.05
42.51
Income on Investments
44,116.00
41,957.91
5.14
33,044.79
33.5
Intt on Balances With RBI
946.89
780.68
21.29
409.8
131.06
Others
915.7
1,030.74
-11.16
1,334.93
-31.4
Interest Earned
202,935.56
186,960.88
8.54
144,926.57
40.03
Other Income
71,148.12
84,003.82
-15.30
149,169.78
-52.3
Total Income
274,083.68
270,964.70
1.15
294,096.35
-6.8
Interest Expended
107,028.64
94,923.60
12.75
60,603.92
76.6
Employees cost
39,504.13
38,481.48
2.66
37,322.37
5.85
Other Oprtng Expenses
62,018.15
74,894.13
-17.19
139,321.46
-55.49
Operating Expenses
101,522.28
113,375.61
-10.45
176,643.83
-42.53
Total Expenditure
208,550.92
208,299.21
0.12
237,247.75
-12.1
Operating Profit
65,532.76
62,665.49
4.58
56,848.60
15.28
Provisions
2,706.40
2,416.20
12.01
4,744.56
-42.96
Profit before tax
62,826.36
60,249.29
4.28
52,104.04
20.58
Tax Expense
19,209.25
18,312.66
4.90
15,797.83
21.59
Net Profit
43,617.11
41,936.63
4.01
36,306.21
20.14
Minority Interest
1,364.85
1,203.44
13.41
349.37
290.66
Shares of Associates
-1,005.71
-876.91
14.69
-453.95
121.55
Consolidated Net Profit
43,257.97
41,610.10
3.96
36,410.79
18.81
Face Value (in Rs.)
5
5
0.00
5
0
Paid-up Equity
36,932.37
36,890.52
0.11
36,670.34
0.71
Basic EPS (Rs.)
5.86
5.64
3.90
5.08
15.35
Diluted EPS (Rs.)
5.83
5.61
3.92
5.04
15.67
Gross/Net NPA
23,257.06
24,066.96
-3.37
33,196.85
-29.94
% of Gross/Net NPA
0.36
0.54
-33.33
0.69
-47.83
Return on Assets
0.53
0.55
-3.64
0.59
-10.17

STAND  ALONE  RESULTS
Kotak Bk-NC
30-Sep-11
30-Jun-11
% DIF
30-Sep-10
% DIF
Interest on Advances
115908.37
104217.48
11.22
77614.03
49.34
Income on Investments
30489.92
28635.93
6.47
23447.55
30.03
Interest Earned
146464.94
132978.22
10.14
101472.25
44.34
Total Income
167714
155844.43
7.62
115404.91
45.33
Interest Expended
85918.98
76193.23
12.76
47089.18
82.46
Operating Profit
38001.35
38605.58
-1.57
32675.45
16.3
Provisions
-236.09
2208.49
-110.69
4550.78
-105.19
Profit before tax
38237.44
36397.09
5.06
28124.67
35.96
Net Profit
26001.01
25203.49
3.16
19470.39
33.54
Capital Adequacy Ratio
17.8
18.15
-1.93
19.43
-8.39
Basic EPS
3.52
3.42
2.92
2.72
29.41
Diluted EPS
3.5
3.4
2.94
2.7
29.63
Gross/Net NPA
21005.1
21352.49
-1.63
25301.11
-16.98
 % of Gross/Net NPA
0.43
0.66
-34.85
0.68
-36.76
Return on Assets
0.45
0.47
-4.26
0.44
2.27



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