Kotak Mahindra Bank rose 1.40% to Rs 715.45 at 14:02 IST on BSE after net profit jumped 46.91% to Rs 436.21 crore on 28.67% increase in total income to Rs 2572.23 crore in Q4 March 2013 over Q4 March 2012.
The result was announced during trading hours today, 2 May 2013.
Meanwhile, the BSE Sensex was up 236.41 points, or 1.21%, to 19,740.59.
On BSE, 1.54 lakh shares were traded in the counter as against an average daily volume of 33,988 shares in the past one quarter.
The stock hit a high of Rs 725 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 704.30 so far during the day. The stock had hit a 52-week low of Rs 525 on 27 July 2012.
The stock had outperformed the market over the past one month till 30 April 2013, rising 8.32% compared with the Sensex's 3.55% rise. The scrip had also outperformed the market in past one quarter, rising 4.32% as against Sensex's 2.50% fall.
The large-cap bank has an equity capital of Rs 373.30 crore. Face value per share is Rs 5.
Kotak Mahindra Bank's net interest income for Q4 March 2013 was up 31% to Rs 903 crore from Rs 688 crore in Q4 March 2012.
The bank's net profit rose 25.41% to Rs 1360.72 crore on 28.58% increase in total income to Rs 9203.16 crore in the year ended March 2013 over the year ended March 2012.
Net interest income for the year ended March 2013 rose 28% to Rs 3206 crore from Rs 2512 crore in the year ended March 2012.
Advances as on 31 March 2013 were up 24% to Rs 48469 crore from Rs 39079 crore as on 31 March 2012.
Restructured loans considered standard as on 31 March 2013 were at Rs 11 crore, 0.02% of net advances compared with Rs 20 crore as on 31 March 2012, 0.05% of net advances.
Savings deposits as on 31 March 2013 grew by 44% to Rs 7,268 crore from Rs 5050 crore as on 31 March 2012.
Deposits as on 31 March 2013 were up 32% to Rs 51,029 crore from Rs 38,537 crore as on 31 March 2012.
Capital adequacy ratio of the bank including audited profits as per Basel II as on 31 March 2013 is 16.0% and Tier I ratio is 14.7%.
The provision coverage ratio on non-performing assets as on 31 March 2013 is 68.2%.
Bank had 437 full-fledged branches (355 branches as on 31 March 2012) across 255 locations and 961 ATMs
During the quarter, the bank acquired business loan portfolio with a total outstanding of Rs 700 crore from Barclays Bank PLC, India branch and Barclays Investment and Loan (India).
The board has approved, post balance sheet date, preferential issue of 2 crore equity shares at Rs 648 per share aggregating to Rs 1,296 crore to Heliconia Pte Ltd, an affiliate of Government of Singapore Investment Corporation Pte Ltd (GIC) subject to necessary approvals
The bank has declared a dividend of Rs 0.70 per share (face value Rs 5) for the year ended 31 March 2013 compared to previous year's Rs 0.60 per share dividend. The dividend will be paid after the approval of shareholders at the annual general meeting.
Consolidated profit after tax (PAT) for the year ended March 2013 increased to Rs 2188 crore from Rs 1832 crore in the year ended March 2012, up by 19%.
Consolidated PAT for Q4 March 2013 increased to Rs 666 crore from Rs 521 crore in Q4 March 2012, up by 28%.
Consolidated advances were up 25% to Rs 66258 crore as on 31 March 2013 from Rs 53144 crore as on 31 March 2012. Consolidated NIM for Q4 March 2013 stood at 4.8% (Q4 FY12 - 4.8%)
Consolidated capital adequacy ratio (CAR) including audited profits as per Basel II as on March 31, 2013 is 17.0%. Tier 1 ratio is 15.9%
Total assets managed / advised by the group as on 31 March 2013 are Rs 55243 crore compared with Rs 45547 crore as on 31 March 2012.
The Kotak Mahindra group is one of India's leading financial services conglomerates. The consolidated balance sheet of Kotak Mahindra group is over Rs 1.15 lakh crore and the consolidated net worth of the Group stands at Rs 15250 crore (approx US$ 2.8 billion) as on 31 March 2013. The Group offers a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, mutual funds, life insurance and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector. The Group has a wide distribution network through branches and franchisees across India, and international offices in London, New York, Dubai, Abu Dhabi, Mauritius and Singapore.
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