Kotak Mahindra Bank consolidated Q4FY18 Highlights: All you want to know in brief

Kotak Mahindra Bank Q4FY18 Highlights: Private lender Kotak Mahindra Bank’s share price surged by nearly 3% on stock exchanges after the company posted its fourth quarter ended March 2018 results. The performance of Kotak was on positive note with stable asset quality and loan book. On standalone front the bank recorded a standalone PAT of Rs 1,124.05 crore in Q4FY18, which rose by 15.12% compared to Rs 976.48 crore in the corresponding period of the previous year.

Kotak Mahindra Bank GNPA in percentage terms eased to 2.22% in Q4FY18 versus 2.59% in Q4FY17 and 2.31% in Q3FY18. 

Let’s have a look the Kotak Mahindra Bank's consolidated financial performance. 

The group PAT for FY18 increased to Rs  6,201 crore from Rs 4,940 crore in FY17 up 26% and Kotak’s contribution in the group’s FY18 PAT was at Rs 4,084 crore in FY18; while the subsidiaries & associates contributed Rs 2,117 crore to the profit.

For Q4FY18 the group's PAT increased to Rs 1,789 crore from Rs 1,404 crore in Q4FY17 up 27%. Kotak Mahindra Bank contributed  PAT of Rs 1,124 crore; the subsidiaries & associates net contributed Rs 665 crore to the profit. 

The subsidiaries & associates net contribution was 37% of the consolidated PAT. 

Kotak Mahindra Life Insurance reported PAT for FY18 of Rs 413 crore and for Q4FY18 of Rs 114 cr. The Embedded Value (IEV methodology) of Kotak Mahindra Life Insurance as on March 31, 2018 was Rs 5,824 crore. The Value of New Business (VNB) was Rs 522 crore and the New Business (VNB) Margin was 29.3%. The 13th month persistency was 85.2% for policies written till February 28, 2018.

Kotak Securities reported profit after tax for FY18 of Rs 531 cr and Q4FY18 of Rs 134 cr. The market share of Kotak Securities in the cash segment was 8.5% for FY18.

The two lending subsidiaries, Kotak Mahindra Prime contributed Rs 590 crore for FY18 and Rs 160 crore for Q4FY18 and Kotak Mahindra Investments contributed Rs 245 cr for FY18 and Rs 95 cr for Q4FY18. 

All the above four subsidiaries have recorded the highest ever profits on an annual business.

Consolidated Networth as on March 31, 2018 was Rs 50,486 crore compared to Rs 38,491 crore as on March 31, 2017. 

Consolidated Advances stood at Rs 205,997 crore as on March 31, 2018. 

Capital adequacy ratio (CAR) , as per Basel III, as on March 31, 2018 is 18.4%. Tier 1 ratio is 17.8%.

Total assets managed / advised by the Group as on March 31, 2018 were up 29% at `Rs 182,519 crore compared to Rs  141,336 cr as on March 31, 2017.

Kotak on Monday,  re-designated Mr. Uday Kotak as Managing Director & CEO with effect from P 1 May 2018, in line with good governance practice.