- Kotak Mahindra’s net income for the third quarter was 33.05 billion rupees, closely aligned with the market estimate of 33.37 billion rupees.
- The bank’s gross non-performing assets were reported at 62.66 billion rupees, better than the forecast of 65.17 billion rupees.
- Provisions were recorded at 7.94 billion rupees.
- Operating profit stood at 51.81 billion rupees, slightly below the anticipated 52.52 billion rupees.
- Interest income came in at 134.28 billion rupees, nearly matching the estimate of 134.44 billion rupees.
- Interest expenses were 62.31 billion rupees, marginally lower than the expected 62.7 billion rupees.
- Other income amounted to 26.23 billion rupees, falling short of the projected 28.04 billion rupees.
- The tax expense was 10.82 billion rupees, slightly less than the estimate of 10.96 billion rupees.
- Shares of Kotak Mahindra fell by 2.6% to 1,759 rupees, with 3.52 million shares traded.
- Market sentiment shows 27 analysts with buy ratings, 11 with hold ratings, and 6 with sell ratings.
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A look at Kotak Mahindra Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Kotak Mahindra Bank is positioned for a positive long-term outlook. With a strong value score of 4, the company demonstrates solid fundamentals and is potentially undervalued in the market. Additionally, its growth score of 4 indicates promising potential for expansion and development in the future. The momentum score of 4 suggests that the company is gaining momentum in the market, further supporting its growth prospects. While the dividend score of 2 is relatively lower, the overall scores paint a picture of a company with a bright future ahead.
As a full-service commercial bank offering a wide range of products and services in personal, commercial, and corporate banking, including deposit accounts, loans, and investments, Kotak Mahindra Bank is well-positioned to cater to the diverse needs of its customers in India. The resilience score of 3 reflects the company’s ability to withstand challenges and navigate through changing market conditions, adding to its attractiveness as a long-term investment option. Overall, with a strong emphasis on value, growth, and momentum, Kotak Mahindra Bank appears to be a promising player in the banking sector for investors seeking potential opportunities.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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