India
/
Banks
/
NSEI:KOTAKBANK

Kotak Mahindra Bank Full Year 2024 Earnings: Beats Expectations

Simply Wall St

July 19, 2024

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).

revenue-and-expenses-breakdown — NSEI:KOTAKBANK Revenue and Expenses Breakdown July 19th 2024

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...

Valuation is complex, but we're here to simplify it.

Discover if Kotak Mahindra Bank might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

Access Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com