Kotak Mahindra Bank Limited · NSE:KOTAKBANK
Kotak Mahindra Bank — Q1 FY24 Earnings Presentation
21 slides from Kotak Mahindra Bank's earnings presentation, Jul 22, 2023
Slide 1: Exchange filing cover letter for investor presentation
July 22, 2023 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (East), Mumbai 400 001 Mumbai 400 051 BSE Scrip 500247, 715026, 958687, NSE KOTAKBANK, KMB
Slide 2: Q1FY24 Presentation on financial results for period ended 30th June, 2023
Q1FY24 Presentation on financial results for the period ended 30th June, 2023 22nd July, 2023
Slide 3: Consolidated Highlights Q1FY24
Consolidated Highlights Q1FY24 PAT ROA ROE ₹ 4,150 cr 2.63% 14.62% ₹ 2,755 cr 2.04% 11.22% Customer Assets* CAR# CET I# Book Value / Share ₹ 405,775 cr 23.3% 22.3% ₹ 584 ₹ 339,606 cr 24.0% 23.0% ₹ 502 • Figures in blue are Q1FY23 numbers • # As per Basel III, including unaudited profits. Excluding p
Slide 4: Consolidated PAT
Consolidated PAT ₹ cr Q1FY24 Q1FY23 Q4FY23 FY23 Bank & Subsidiaries Contribution Kotak Mahindra Bank 3,452 2,071 3,496 10,939 Bank Kotak Mahindra Prime 218 157 224 829 Kotak Mahindra Investments 102 63 100 326 Other Lending Related 77% Entities BSS Microfinance 95 56 89 297 Capital Market Kotak Secu
Slide 5: Entity-wise Capital and Reserves & Surplus
Entity-wise Capital and Reserves & Surplus ₹ cr 30-Jun-23 30-Jun-22 31-Mar-23 Kotak Mahindra Bank 87,011 74,652 83,460 Kotak Mahindra Prime 8,507 7,634 8,306 Kotak Mahindra Investments 2,917 2,552 2,815 BSS Microfinance 722 386 627 Kotak Securities 7,279 6,462 7,108 Kotak Mahindra Capital 1,021 902
Slide 6: Standalone Highlights Q1FY24
Standalone Highlights Q1FY24 PAT NII NIM ROA ₹ 3,452 cr ₹ 6,234 5.57% 2.81% ₹ 2,071 cr ₹ 4,697 4.92% 1.99% Customer Assets* Net NPA CASA Ratio CAR# CET I# ₹ 362,204 cr 0.40% 49.0% 22.0% 20.9% ₹ 306,123 cr 0.62% 58.1% 22.8% 21.6% • Figures in blue are Q1FY23 numbers • # As per Basel III, including un
Slide 7: Profit and Loss Account
Profit and Loss Account ₹ cr Q1FY24 Q1FY23 Q4FY23 FY23 Notes for Q1FY24 Net Interest Income 6,234 4,697 6,103 21,552 Trading and MTM gains* Q1FY24: ₹ 240 cr; Other Income 2,683 1,116 2,186 7,083 (Loss in Q1FY23: ₹ 857 cr, Q4FY23: ₹ 1 cr, FY23: ₹ 973 cr) Fee and Services 1,827 1,528 1,928 6,790 Other
Slide 8: Asset Quality
Asset Quality ₹ cr 30-Jun-23 30-Jun-22 31-Mar-23 GNPA 5,909 6,379 5,768 NNPA 1,302 1,749 1,193 ₹ 1,205 cr (0.4% of Net Advances), (₹ 1,435 cr - Q1FY23), GNPA (%) 1.77% 2.24% 1.78% [30th June 2022: ₹ 159 cr] Of this, ₹ 288 cr upgraded within NNPA (%) 0.40% 0.62% 0.37% Q1FY24 (₹ 781 cr - Q1FY23) PCR 7
Slide 9: Balance Sheet
Balance Sheet ₹ cr 30-Jun-23 30-Jun-22 31-Mar-23 ₹ cr 30-Jun-23 30-Jun-22 31-Mar-23 Capital & Reserves and Surplus 87,011 74,652 83,460 Cash, Bank and Call 44,136 40,065 32,542 Deposits 386,254 316,483 363,096 Investments 123,873 89,183 121,404 CA 64,722 57,062 70,030 Fixed rate SA 111,494 117,552 1
Slide 10: Customer Assets
Customer Assets ₹ cr 30-Jun-23 30-Jun-22 31-Mar-23 YoY QoQ Floating + Fixed rate book < 1 year: 80% Home Loans & LAP 95,147 80,975 92,731 18% 3% Consumer Bank WC (Secured) 30,846 25,776 30,343 20% 2% Unsecured retail advances (incl. Retail Micro Finance) as a % of Net Advances: PL, BL and Consumer D
Slide 11: Deposits
Deposits Avg Q1FY24 YoY % Q1FY23 CASA (₹ cr) 8% Current Account 59,431 55,081 CASA % 49.0% 58.1% 52.8% -1% Savings Account 119,817 121,521 40% 13,073 9,277 10,385 Term Deposit 182,047 130,035 111,494 111,400 TD Sweep at ₹ 28,990 crore 117,552 QoQ growth: 24% (not annualized) 64,722 70,030 CASA & TDs
Slide 12: Investing in Technology Backbone
Investing in Technology Backbone Architecture&&Infrastructure Architecture Infrastructure Talent & Culture Risk and security DIY Journeys & Automation Significant improvement in uptime and Significant improvement in cyber DIY journey for Corporate Salary Strategic focus on In-house engineers account
Slide 13: Digital Updates
Digital Updates Kotak Mobile Banking App SuperAppforallfinancialneeds Digital Highlights Lending Key launches in the app in Q1 % of loans disbursed digitally ActivMoney on mobile: earn FD wala of new credit cards of new business loans interest in Savings Account of new personal loans sold by volume
Slide 14: Kotak Mahindra Prime
Kotak Mahindra Prime ₹ cr Q1FY24 Q1FY23 Q4FY23 FY23 Customer assets* (₹ cr) NII 459 415 424 1,658 Other Income 91 57 101 349 24,630 23,178 NII and Other Income 550 472 525 2,007 18,773 Profit Before Tax 292 210 300 1,110 4,945 5,524 5,614 Profit After Tax 218 157 224 829 Jun-23 Jun-22 Mar-23 NNPA (%
Slide 15: Kotak Mahindra Life Insurance
Kotak Mahindra Life Insurance ₹ cr Q1FY24 Q1FY23 Q4FY23 FY23 Gross written premium (₹ cr) 2,639 2,258 6,189 15,320 Capital 562 562 562 562 1,106 924 3,106 7,324 Other Reserves and Surplus 4,806 3,960 4,765 4,765 1,036 793 1,370 4,045 Total Premium 2,639 2,258 6,189 15,320 233 472 1,359 191 1,241 Pro
Slide 16: Kotak Securities
Kotak Securities ₹ cr Q1FY24 Q1FY23 Q4FY23 FY23 Market ADV* (₹ ‘000 cr) 10,665 5,247 9,498 7,258 Total Income 805 744 682 2,986 41 36 41 42 68 76 Profit Before Tax 292 291 242 1,150 82 86 Profit After Tax 219 219 182 865 10,557 9,387 7,135 Market Share Cash* (%) 10.5 10.4 10.4 10.5 5,119 Overall Mar
Slide 17: Kotak Mahindra AMC & Trustee Co.
Kotak Mahindra AMC & Trustee Co. ₹ cr Q1FY24 Q1FY23 Q4FY23 FY23 Average Assets Under Management (₹ cr) - Overall Profit Before Tax 142 143 235 713 Profit After Tax 106 106 192 555 312,199 291,595 287,058 283,885 Notes Q1FY24 Q1FY23 Q4FY23 FY23 Investment profit Equity(Ex ETF & Arb) Average Assets Un
Slide 18: Assets Under Management
Assets Under Management Total: ₹ 466,878 cr Total: ₹ 378,474 cr 23% Domestic MF Equity Domestic MF Equity 178,471 141,421 Domestic MF Debt Domestic MF Debt 136,260 38% 132,099 37% 35% 29% Offshore Funds NPS & PMS 38,357 NPS & PMS Offshore Funds 5,091 3,707 25,717 8% 1% 1% 7% Alternate Asset* Insuran
Slide 19: Alternate Assets
Alternate Assets Comprehensive platform covering 6 different asset USD 8.8 bn 26.5% USD 3.6 bn classes Total capital raised CAGR of capital raised Total funds raised since inception since inception during last 12 months Strategic Real Estate Infrastructure Situations Funds Raised during last 12 mont
Slide 20: Geographical presence - Bank
Geographical presence - Bank Bank Branches distributed across various geographies Jammu & Kashmir 03 Himachal Pradesh 13 Punjab 97 Meghalaya 01 Uttarakhand 11 Haryana 82 Assam 05 Sikkim 02 Delhi 104 Uttar Pradesh 107 Branches* Branch No. of ATMs# Rajasthan 77 1,788 [No./%] Classification Bihar 24 Tr
Slide 21: Disclaimer
Disclaimer This presentation is for information purposes only and Equity does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Kotak Mahindra Bank Limited (the “Bank”) and no part of it shall form the basis of or be relied upon in connect