>Earnings Update – FY10 Results (KOTAK SECURITIES)

Performance Highlights

■ Consolidated PAT for FY10 up 100% to Rs. 13,070 mn from Rs. 6,524 mn in FY09.

■ Consolidated PAT for Q4FY10 up 99% to Rs. 4,186 mn from Rs. 2,107 mn in Q4FY09 (Q3FY10 Rs. 3,314 mn).

■ Consolidated advances up 32% to Rs. 297 bn as on March 31, 2010 from Rs. 225 bn as on March 31, 2009.

■ Consolidated NIM FY10 at 6.3%. (FY09 – 6.1%).

■ Consolidated capital adequacy ratio as per Basel II as on March 31, 2010 is 19.3%. Tier 1 ratio 17.3%.

■ Bank (Standalone) PAT for FY10 up 103% to Rs. 5,611 mn from Rs. 2,761 mn in FY09.

■ Bank (Standalone) PAT for Q4FY10 up 97% to Rs. 2,025 mn from Rs. 1,026 mn in Q4FY09 (Q3FY10 Rs. 1,424 mn).

■ CASA deposits as on March 31, 2010 Rs. 74,631 mn showing a growth of 47% over March 31, 2009.

■ CASA deposits comprised 31% of total deposits as on March 31, 2010. (March 31, 2009 – 32%, December 31, 2009 – 28%).

■ PAT of Kotak Life for FY10 up 383% to Rs.692 mn from Rs. 143 mn in FY09.

■ PAT of Mutual fund Asset management and Trustee company for FY10 up 349% to Rs. 725 mn from Rs. 161 mn in FY09.

■ PAT of Kotak Securities for FY10 up 144% to Rs.2,601 mn from Rs.1,065 mn in FY09.

■ Total assets managed/ advised by the Group as on March 31, 2010 were Rs. 452 bn (March 31, 2009 – Rs. 339 bn).

■ Sub division of shares to Rs. 5 per share proposed (subject to approval).

To read the full report: EARNINGS UPDATE