According to the brokerage house, Kotak Mahindra Group is all set to emerge as a financial powerhouse in India. They expect KMB's consolidated profits excluding life insurance to grow at a CAGR of 51% over the next three years to Rs20b in FY10. Earnings from the lending business, and asset management would maintain strong traction over the next couple of years. The share of lending business in profits would increase from 40% in FY07 to 48% in FY10, while the share of broking and investment banking (K-Sec & KMCC) would decline from 56% in FY07 to 39% in FY10. |
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