Private lender Kotak Mahindra Bank is slated to announce its financial results for quarter through December 2018 on Monday.
There are expectations that lender may report a double-digit growth in net profit with stable asset quality.According to brokerage Prabhudass Lilladher, Kotak Bank may post 16.40 per cent year-on-year rise in net profit at Rs 1,226.30 crore in Q3 FY19.
Prabhudas Lilladhers assessment also showed that Kotak may report 14.90 per cent YoY and 17.10 per cent YoY rise in net interest come and pre-provision operating profit (PPOP) at Rs 2,751.20 crore and Rs 2,131.70 crore, respectively.Business performance should continue to be strong with loan growth of 23 per cent YoY, steady margins, steady asset quality and lower credit cost on lower MTM (marked to market), Prabhudass Lilladher said.Another brokerage firm Sharekhan projected 19 per cent, 17.80 per cent and 22.50 per cent jump in net profit, net interest income and PPOP, respectively, for quarter under review.Market participants are tracking guidance on balance sheet growth and trend in customer acquisition post Aadhar verdict.
One can also look at performance on CASA, fees and growth and GNPAs in MSME segment.Motilal Oswal Financial Services expects asset quality to remain stable, with gross non-performing asset (NPA) at around 2.1 per cent and net NPA at 0.8 per cent, led by improvement in coverage ratio.