Kotak Mahindra Bank Full Year 2024 Earnings: Beats Expectations

Kotak Mahindra Bank (NSE:KOTAKBANK) Full Year 2024 Results

Key Financial Results

• Revenue: ₹696.1b (up 31% from FY 2023).
• Net income: ₹181.7b (up 22% from FY 2023).
• Profit margin: 26% (down from 28% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: ₹91.45 (up from ₹74.96 in FY 2023).

KOTAKBANK Banking Performance Indicators

• Net interest margin (NIM): 5.31% (down from 5.36% in FY 2023).
• Cost-to-income ratio: 46.0% (down from 48.2% in FY 2023).
• Non-performing loans: 1.39% (down from 1.79% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kotak Mahindra Bank Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%.

The primary driver behind last 12 months revenue was the Insurance segment contributing a total revenue of ₹281.1b (40% of total revenue). Explore how KOTAKBANK's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Banks industry in India are expected to grow by 2.2%.

Performance of the Indian Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Kotak Mahindra Bank is showing 2 warning signs in our investment analysis and 1 of those is a bit concerning...

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