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Kotak Mahindra Bank’s profit up 11% QOQ in Q3FY23

by Koushik Gope
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Kotak Mahindra Bank Ltd has reported Q3FY23 financial results for the period ending December 31, 2022.

Financial Results (Q3 FY2023) – QoQ Comparison

FinancialsQ3 FY2023Q2 FY2023% Change
Total Income₹18481.46 crs₹17513.02 crsUp Tick / Down Tick5.53%
Net Profit₹3995.05 crs₹3608.18 crsUp Tick / Down Tick10.72%
EPS₹20.11₹18.17Up Tick / Down Tick10.68%

Financial Results (Q3 FY2023) – YoY Comparison

FinancialsQ3 FY2023Q3 FY2022% Change
Total Income₹18481.46 crs₹14169.14 crsUp Tick / Down Tick30.43%
Net Profit₹3995.05 crs₹3402.74 crsUp Tick / Down Tick17.41%
EPS₹20.11₹17.15Up Tick / Down Tick17.26%

Asset Quality

Asset QualityQ3 FY2023Q2 FY2023Q3 FY2022
Gross NPA₹6730 crs₹6966.34 crs₹7993.34 crs
Gross NPA %1.91%2.09%2.75%
Net NPA₹1667.71 crs₹1975.44 crs₹2496.75 crs
Net NPA %0.48%0.60%0.87%

Detailed Quarterly Results

Consolidated Figures in Rs. Crores

Dec 2021Sep 2022Dec 2022
Financing Profit-1,132-2,772-2,246
Financing Margin %-13%-28%-20%
Other Income5,5437,5197,470
Profit before tax4,4114,7475,224
Tax %24%25%24%
Net Profit3,4033,6083,995
EPS in Rs17.1518.1720.12
Gross NPA %2.75%2.09%1.91%
Net NPA %0.87%0.60%0.48%

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