Kotak Mahindra Bank Ltd.

NSE: KOTAKBANK | BSE: 500247 | ISIN: INE237A01028 | Industry: Banks
| Mid-range Performer
2058.2000 -13.10 (-0.63%)
NSE May 22, 2025 14:05 PM
Volume: 1.8M
 

2058.20
-0.63%

Kotak Mahindra

KRChoksey
Advances stood at INR 1,591 bn, +23% yoy/4% qoq, driven by both corporate as well the retail segment. At INR 653.8 bn, retail book is up 27% yoy/7% qoq while the corporate book at INR 936.9 bn is up 21% yoy/3% qoq. NIMs (calc.) stood at 4.1% versus 4.2% during Q2FY18/4.4% during Q3FY17. NII at INR 24 bn was up 17% yoy/4% qoq. With strong non-interest revenue performance (+14% yoy/+9% qoq), total income stood at INR 34 bn, +16% yoy/+5% qoq. Operational efficiencies have continued to kick in in terms of merger synergies and increased productivity due to digital measures being undertaken. Operating profit at INR 18 bn was up 20% yoy and 5.5% qoq. The bank witnessed improved credit quality and thus provisioning was only 2 bn translating into credit costs of 40 bps, down marginally qoq. Net profit was at Rs. 10.5 bn, up 20% yoy and 6% qoq, translating into ROE of 11.6%. We expect as operational synergies from the merger continue to be realized and as further...
KRChoksey increased Accumulate price target of Kotak Mahindra Bank Ltd. to 2352.0 on 05 May, 2025.
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