Kotak Bank's Q2FY24 Financial Performance Review

In this financial performance review, we delve into the results of Kotak Bank for the second quarter of fiscal year 2024 and analyze key metrics, including revenue, expenses, net profit, and margin.

 

ParticularsQ2FY23(Y-o-Y) % changeQ1FY24(Q-o-Q) % changeQ2FY24
Total Income (₹crs.)1743423.66207234.0321559
Expenses (₹crs.)1255321.21147233.3515216
Net Profit (₹crs.)360823.6441507.494461
Margin (%)20.700.0020.030.6720.69

 

REVENUE: 
The company reported a total income of ₹21,559 crores for Q2FY24, with a decent 4.03% increase compared to the preceding quarter and a very significant increase of 23.66% year-on-year.

 

EXPENSES: 
They also recorded expenses amounting to ₹15,216 crores in Q2FY24, with a 21.21% increase compared to the corresponding quarter of the previous fiscal year. Furthermore, expenses showed a moderate increase of 3.35% when compared to the previous quarter.

 

NET PROFIT: 
The net profit of the Company for Q2FY24 was ₹4,461 crores, reflecting a 7.49% change compared to the preceding quarter and a healthy gain of 23.64% year-on-year.

 

MARGINS: 
Kotak Bank's margin in Q2FY24 was 20.69%. This figure slight increase of 0.67% compared to the previous quarter when the margin was 20.03%. Year-on-year, the margin remained 

 

In conclusion, Kotak Bank's financial performance in Q2FY24 reflects a period of growth in across all metrics other than margins. The stock has been jittery since Uday Kotak's early exit, however on paper the business looks solid. Further analysis will be crucial to understand the sustainability of these positive trends.

 

Stay tuned for more detailed updates on Kotak Bank's financial performance in the coming quarters.

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