Kotak Mahindra Bank Limited (BOM: 500247)

Kotak Mahindra Bank Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Interest Income on Loans	581,724	562,366	421,511	337,406	328,198	334,742
Interest Paid on Deposits	245,384	225,672	144,111	115,535	129,665	159,007
Net Interest Income	346,661	336,694	277,399	221,871	198,533	175,735
Net Interest Income Growth (YoY)	17.06%	21.38%	25.03%	11.76%	12.97%	20.00%
Gain (Loss) on Sale of Assets	71.38	71.38	107.78	264.3	386.56	294.24
Gain (Loss) on Sale of Investments	79,607	74,173	-5,009	16,950	49,727	-6,573
Other Non-Interest Income	314,536	306,128	264,811	232,196	185,763	175,194
Total Non-Interest Income	394,214	380,373	259,910	249,411	235,877	168,916
Non-Interest Income Growth (YoY)	25.38%	46.35%	4.21%	5.74%	39.64%	4.61%
Revenues Before Loan Losses	740,875	717,067	537,309	471,281	434,410	344,651
Provision for Loan Losses	24,594	20,988	6,107	16,060	28,524	25,581
Revenue	716,280	696,079	531,202	455,221	405,885	319,070
Revenue Growth (YoY)	19.30%	31.04%	16.69%	12.16%	27.21%	7.26%
Salaries and Employee Benefits	107,225	103,473	84,790	71,409	58,557	57,532
Occupancy Expenses	31,999	31,999	27,422	21,044	18,807	18,145
Selling, General & Administrative	23,856	23,856	19,312	11,941	17,075	20,368
Other Non-Interest Expense	311,618	299,380	204,925	199,699	179,762	108,779
Total Non-Interest Expense	472,255	456,344	335,005	302,518	273,329	204,989
EBT Excluding Unusual Items	244,025	239,735	196,198	152,703	132,556	114,081
Other Unusual Items	39,297	1,263	1,710	8,355	-	-
Pretax Income	283,322	240,998	197,907	161,058	132,556	114,081
Income Tax Expense	68,211	58,866	48,657	40,164	32,654	28,147
Earnings From Continuing Operations	215,112	182,132	149,250	120,894	99,902	85,934
Net Income	215,112	182,132	149,250	120,894	99,902	85,934
Preferred Dividends & Other Adjustments	385.1	385.1	405	405	405	488.2
Net Income to Common	214,727	181,747	148,845	120,489	99,497	85,445
Net Income Growth	31.81%	22.03%	23.46%	21.01%	16.25%	19.28%
Basic Shares Outstanding	1,988	1,987	1,986	1,983	1,969	1,910
Diluted Shares Outstanding	1,988	1,987	1,986	1,984	1,970	1,912
Shares Change (YoY)	0.06%	0.07%	0.11%	0.69%	3.04%	0.17%
EPS (Basic)	108.03	91.45	74.96	60.76	50.53	44.73
EPS (Diluted)	108.03	91.45	74.94	60.73	50.49	44.68
EPS Growth	31.83%	22.03%	23.40%	20.28%	13.00%	18.92%
Dividend Per Share	-	2.000	1.500	1.100	0.900	-
Dividend Growth	-	33.33%	36.36%	22.22%	-	-
Effective Tax Rate	24.08%	24.43%	24.59%	24.94%	24.63%	24.67%

Source: S&P Capital IQ. Banks template. Financial Sources.