Kotak Mahindra Bank has announced its Q3FY08 numbers. It has posted growth of 114.47% in its third quarter net profit of Rs 363.7 crore as against Rs 169.58 crore in same quarter of last year.
Other income went up by 124% to Rs 1490.4 crore from Rs 662.8 crore.
Net interest margin improved at 5.7% versus 5.3% YoY.
Fee based income surged by 67% to Rs 527.5 crore, advances up 56%. Net NPAs stood at 0.33% versus 0.22%.
| Result (Rs cr) | Dec-07 | Sep-07 | Jun-07 | Mar-06 | Dec-06 |
| Interest Earned / Operating Income | 683 | 592 | 505 | 434 | 357 |
| Interest on Advance | 473 | 422 | 365 | 320 | 266 |
| Income on Investment | 203 | 160 | 133 | 102 | 80 |
| Interest on Balances | 4 | 8 | 4 | 11 | 11 |
| Others Interests | 2 | 2 | 4 | 0 | 0 |
| Other Income | 205 | 122 | 89 | 87 | 95 |
| Total Income | 887 | 714 | 594 | 521 | 453 |
| Interest Expanded | -335 | -308 | -293 | -229 | -186 |
| Operating Expenses | -293 | -259 | -206 | -196 | -157 |
| Payment/Provisions for Employees | -148 | -125 | -108 | -77 | -74 |
| Other Operating Expenses | -145 | -135 | -98 | -119 | -83 |
| Total Expenditure for Banks | -628 | -568 | -499 | -425 | -343 |
| Profit before Tax | 258.97 | 146.41 | 95.43 | 95.94 | 109.31 |
| Tax | -39.58 | -32.89 | -19.00 | -8.28 | -23.87 |
| Provisions and Contingencies | -117.72 | -38.14 | -28.75 | -50.40 | -40.04 |
| Net Profit | 101.67 | 75.38 | 47.68 | 37.26 | 45.40 |
| Equity Capital | 344.21 | 326.95 | 326.43 | 326.16 | 325.93 |
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