Kotak Bank Q4 preview: Net profit, NII expected to grow in double digits


Kotak mahindra Bank, which is slated to report its fourth quarter results on April 30, is expected to clock in highest profit growth in eight quarters aided by strong net interest income (NII) growth.

Research firm Motilal Oswal expects the bank to report net profit of Rs 1,388 crore up 23.5 percent year-on-year (up 7.5 percent quarter-on-quarter). Net Interest Income (NII) is expected to increase 21.2 percent Y-o-Y (up 6.4 percent Q-o-Q) to Rs 3,126.2 crore.

Pre Provision Profit (PPP) is likely to jump 22.8 percent Y-o-Y (up 27.8 percent Q-o-Q) to Rs 2,477.3 crore.

Key things to watch:

-Net interest margins expected to be above 4.2 percent; loan growth above 20 percent, according to CNBC-TV18 Poll

-Low-cost deposit flow should be strong for the bank

-Continued improvement in GNPA for eighth quarter in a row will be positive for the bank
According to a Deutsche Bank report, net interest income is seen at Rs 4114.5 crore against Rs 3388.6 crore, up 21.4 percent while net profit is seen at Rs 2082.5 crore against Rs 1789.2 crore, up 16.4 percent.

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