Kotak Mahindra Bank Ltd Q2FY22 consolidated PAT at Rs. 2940.71 crore

The Board of Directors of Kotak Mahindra Bank Limited, at its meeting held today have approved the unaudited Consolidated financial results of the company for the period ended September 30, 2021.

For the quarter ended September 30, 2021(Q2 FY2022), the company's total income was ₹ 15341.65 crore, against ₹13548.33 crore in the corresponding quarter of the previous year (YoY) and ₹12570.82 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹2940.71 crore, against ₹2933.46 crore in the corresponding quarter of the previous year (YoY) and ₹1794.79 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹15.06, against ₹14.89 in the corresponding quarter of the previous year (YoY) and ₹9.11 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 15341.65 crs	₹12570.82 crs	22.04%	₹13548.33 crs	13.24%
Net Profit	₹2940.71 crs	₹1794.79 crs	63.85%	₹2933.46 crs	0.25 %
EPS	₹15.06	₹9.11	65.31%	₹14.89	1.14%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹27912.47 crore, against ₹25900.42 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹4735.50 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹4773.90 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹24.17 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹24.51 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹27912.47 crs	₹25900.42 crs	7.77%
Net Profit	₹4735.50 crs	₹4773.90 crs	-0.80%
EPS	₹24.17	₹24.51	-1.39%

Asset Quality:

Asset Quality	Q2 FY2022	Q1 FY2022	Q2 FY2021
Gross NPA	₹ 8564.19 crs	₹8998.55 crs	₹6055.01 crs
Gross NPA %	3.16%	3.58%	2.55%
Net NPA	₹2897.01 crs	₹3294.86 crs	₹1636.82 crs
Net NPA %	1.09%	1.34%	0.70%

Gross NPA was at ₹ 8564.19 crs in Q2 FY2022 against ₹ 6055.01 crs in Q2 FY2021. The same was at ₹ 8998.55 crs in Q1 FY2022.

Net NPA was at ₹ 2897.01 crs in Q2 FY2022 against ₹ 1636.82 crs in Q2 FY2021. The same was at ₹ 3294.86 crs in Q1 FY2022.

GNPA was at 3.16% of Gross advances as on September 30, 2021 as compared to 2.55% as on September 30, 2020 and 3.58% as of June 30, 2021.

Net NPA was at 1.09% of Gross advances as on September 30, 2021 as compared to 0.70% as on September 30, 2020 and 1.34% as of June 30, 2021.

Ratios	Q2 FY2022	Q1 FY2022	Q2 FY2021
RoA %	0.60%	0.37%	0.64%
CAR (BASEL III) %	21.76%	23.11%	22.05%

Return on Average Assets (RoA) is at 0.60% for Q2 FY2022 against 0.37% in Q1 FY2022 and 0.64% in Q2 FY2021.

In Q2 FY2022, Bank's total Capital Adequacy Ratio (CAR) was at 21.76%, as compared to 23.11% in Q1 FY2022 and 22.05% in Q2 FY2021.

Shares of Kotak Mahindra Bank Limited was last trading in BSE at Rs. 2157.15 as compared to the previous close of Rs. 2171.15. The total number of shares traded during the day was 74284 in over 5475 trades.

The stock hit an intraday high of Rs. 2181.70 and intraday low of 2116.00. The net turnover during the day was Rs. 159733217.00.

Source : Equity Bulls

Keywords

KotakMahindraBank Q2FY22 H1FY22 ResultUpdate