Kotak Mahindra Bank Limited (NSE:KOTAKBANK)

Kotak Mahindra Bank Income Statement

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

Fiscal Year	TTM	FY 2024	FY null	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Mar 31, 2024	Dec 31, 2023	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Interest Income on Loans	614,525	562,366	-	421,511	337,406	328,198
Interest Paid on Deposits	273,271	225,672	-	144,111	115,535	129,665
Net Interest Income	367,260	336,694	-	277,399	221,871	198,533
Net Interest Income Growth (YoY)	13.08%	-	-	25.03%	11.76%	12.97%
Gain (Loss) on Sale of Assets	71.38	71.38	-	107.78	264.3	386.56
Gain (Loss) on Sale of Investments	64,653	74,173	-	-5,009	16,950	49,727
Other Non-Interest Income	332,835	306,128	-	264,811	232,196	185,763
Total Non-Interest Income	397,559	380,373	-	259,910	249,411	235,877
Non-Interest Income Growth (YoY)	16.69%	-	-	4.21%	5.74%	39.64%
Revenues Before Loan Losses	764,819	717,067	-	537,309	471,281	434,410
Provision for Loan Losses	32,873	20,988	-	6,107	16,060	28,524
Revenue	731,946	696,079	-	531,202	455,221	405,885
Revenue Growth (YoY)	13.13%	-	-	16.69%	12.16%	27.21%
Salaries and Employee Benefits	115,757	103,473	-	84,790	71,409	58,557
Occupancy Expenses	31,999	31,999	-	27,422	21,044	18,807
Selling, General & Administrative	23,856	23,856	-	19,312	11,941	17,075
Other Non-Interest Expense	305,501	299,380	-	204,925	199,699	179,762
Total Non-Interest Expense	474,599	456,344	-	335,005	302,518	273,329
EBT Excluding Unusual Items	257,346	239,735	-	196,198	152,703	132,556
Other Unusual Items	39,297	1,263	-	1,710	8,355	-
Pretax Income	296,643	240,998	-	197,907	161,058	132,556
Income Tax Expense	71,339	58,866	-	48,657	40,164	32,654
Earnings From Continuing Operations	225,304	182,132	-	149,250	120,894	99,902
Net Income	225,304	182,132	-	149,250	120,894	99,902
Preferred Dividends & Other Adjustments	385.1	385.1	-	405	405	405
Net Income to Common	224,919	181,747	-	148,845	120,489	99,497
Net Income Growth	29.17%	-	-	23.46%	21.01%	16.25%
Basic Shares Outstanding	1,988	1,987	-	1,986	1,983	1,969
Diluted Shares Outstanding	1,988	1,987	-	1,986	1,984	1,970
Shares Change (YoY)	0.05%	-	-	0.11%	0.69%	3.04%
EPS (Basic)	113.13	91.45	-	74.96	60.76	50.53
EPS (Diluted)	113.13	91.45	-	74.94	60.73	50.49
EPS Growth	29.19%	-	-	23.40%	20.28%	13.00%
Dividend Per Share	-	2.000	-	1.500	1.100	0.900
Dividend Growth	-	-	-	36.36%	22.22%	-
Effective Tax Rate	24.05%	24.43%	-	24.59%	24.94%	24.63%

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