Kotak Mahindra Bank Limited
FY 09 vs FY 10
Results comparison
Kotak Mahindra Bank has improved its performance in FY 10 quite impressively over FY 09.
Interest income (total) has increased from Rs.3065.14 Cr to Rs.3255.62, an increase of over Rs.200 Cr YOY.
Interest income (total) has increased from Rs.3065.14 Cr to Rs.3255.62, an increase of over Rs.200 Cr YOY.
Interest expended has gone down from Rs.1546.59 Cr to Rs.1397.47 Cr YOY. Consequently, total expenditure has gone down from Rs.2743.02 Cr to Rs. 2586.86 Cr, by about Rs.156 cr YOY.
But provisions have gone up steeply from Rs.253.93 Cr last year to Rs.485.89 Cr in FY 10.
Tax expense is higher by about Rs.100 cr YOY (149.96 cr to Rs.249.99 cr).
Thus, net profit has gone up from Rs.276 Cr in FY 09 to Rs.561 Cr, an increase of Rs.285 cr, or,an increase of 103.26 percent over last year. This has boosted the basic EPS from 8 to 16.18 YOY.
The percentage of Gross to Net NPS has gone down from 2.39 in FY 09 to 1.73 in FY 10. Thus quality of assets has improved well over last year.
Return on Assets has also gone up from 1.03 last year to 1.72 in FY 10.
Overall, the improvement of Kotak Mahindra Bank in current year, over the previous year, is quite impressive. At the current price o f Rs.744, the PE ratio works out to Rs.45.98.
The 4th Quarter EPS was 5.82. Thus, for current year (FY 11), the annual EPS could be23.28. Based on this, the forward PEs based on the price of Rs.744 could be 31.96.
Dividend (%) has been increased from 7.5 in FY 09 to 8.5 in FY 10.
The company has proposed to sub-divide the face value of the equity shares of the Bank from Rs. 10/- each to the face value of Rs.5/- each.
RESULTS IN NUMBERS
FY 09(Rs. in lakhs) :: Description :: FY 10(Rs. in lakhs)
249372.58 Interest on Advances/Bills :: 252691.1
55840.38 Income on Investments :: 72685.73
1172.35 Interest on Balances With RBI :: 105.7
129.09 Others :: 79.96
306514.4 Interest Earned :: 325562.49
35786.26 Other Income :: 62824
342300.66 Total Income 388386.49
154659.75 Interest Expended :: 139747.55
55683.48 Employees cost :: 55579.04
63958.81 Other Operating Expenses :: 63360.3
119642.29 Operating Expenses :: 118939.34
274302.04 Total Exp. excluding provisions :: 258686.89
67998.62 Operating Profit :: 129699.6
25392.88 Provisions (other than tax) :: 48589.24
42605.74 P B T :: 81110.36
14996.02 Tax Expense :: 24999.79
27609.72 P A T :: 56110.57
27609.72 Net Profit :: 56110.57
7.5 Dividend (%) :: 8.5
10 Face Value (in Rs.) :: 10
34566.89 Paid-up Equity :: 34814.15
346794.9 Reserves :: 413697.35
19.86 Capital Adequacy Ratio :: 18.35
8 Basic EPS :: (in Rs.)16.18
7.99 Diluted EPS:: (in Rs.) :: 16
39684.2 Gross/Net NPA :: 36024.57
2.39 % of Gross/Net NPA:: 1.73
1.03 Return on Assets :: 1.72
QUARTERLY RESULTS
Q/E : 03/10 :: 12/09 :: 09/09 :: 06/09 :: 03/09
Net Profit:: 20250.12 ::14238.41 ::12590.93 ::9031.11 ::10257.28
Dividend (%) 8.5 :: - ::-::- :: 7.5
Basic EPS :: 5.82 :: 4.1 :: 3.63 :: 2.61 :: 2.97
Diluted EPS :: 5.76 :: 4.06 :: 3.6 :: 2.6 :: 2.96
% of Gross/Net NPA :: 1.73 :: 2.18 :: 1.71 :: 3.07 :: 2.39
Return on Assets :: 0.58 :: 0.4 :: 0.42 :: 0.3 :: 0.38
ANNOUNCEMENTS TO THE EXCHANGE
11-05-2010 Kotak Mahindra Bank Limited has informed the Exchange that the Board of Directors at its meeting held on May 11, 2010 approved a proposal to sub-divide the face value of the equity shares of the Bank from Rs. 10/- each to the face value of Rs.5/- each and consequential amendment to the Capital Clause in the Memorandum of Association of the Bank, subject to necessary approvals. -
11-05-2010 Kotak Mahindra Bank Limited has informed the Exchange regarding a press release dated May 11, 2010, titled "Kotak Mahindra Bank announces results; Consolidated PAT for FY10 up 100% to Rs. 1,307 cr ; Bank PAT for FY10 up 103% to Rs. 561 cr; Announces sub division of shares".
11-05-2010 Kotak Mahindra Bank Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Interest earned of Rs. 460116.01 lacs for the year ending on 31-MAR-2010 against Rs. 436656.34 lacs for the year ending on 31-MAR-2009. Interest expended of Rs. 177285.75 lacs for the year ending on 31-MAR-2010 against Rs. 199239.47 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 130700.05 lacs for the year ending on 31-MAR-2010 against Rs. 65238.63 lacs for the year ending on 31-MAR-2009. -
11-05-2010 Kotak Mahindra Bank Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-MAR-2010 as follows: Interest earned of Rs. 124775.49 lacs for the quarter ending on 31-MAR-2010 against Rs. 110445.19 lacs for the quarter ending on 31-MAR-2009. Interest expended of Rs. 46385.13 lacs for the quarter ending on 31-MAR-2010 against Rs. 47682.42 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 41855.1 lacs for the quarter ending on 31-MAR-2010 against Rs. 21066.47 lacs for the quarter ending on 31-MAR-2009. -
11-05-2010 Kotak Mahindra Bank Limited has informed the Exchange that at the Meeting of the Board of Directors of the Bank held on May 11, 2010, the Directors have recommended dividend of Rs.0.85 per share.
11-05-2010 Kotak Mahindra Bank Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Interest earned of Rs. 325562.49 lacs for the year ending on 31-MAR-2010 against Rs. 306514.4 lacs for the year ending on 31-MAR-2009. Interest expended of Rs. 139747.55 lacs for the year ending on 31-MAR-2010 against Rs. 154659.75 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 56110.57 lacs for the year ending on 31-MAR-2010 against Rs. 27609.72 lacs for the year ending on 31-MAR-2009.
11-05-2010 Kotak Mahindra Bank Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Interest earned of Rs. 88075.61 lacs for the quarter ending on 31-MAR-2010 against Rs. 80302.91 lacs for the quarter ending on 31-MAR-2009. Interest expended of Rs. 35471.13 lacs for the quarter ending on 31-MAR-2010 against Rs. 38503.58 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 20250.12 lacs for the quarter ending on 31-MAR-2010 against Rs. 10257.28 lacs for the quarter ending on 31-MAR-2009.
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