Kotak Mahindra Finance Limited
Registered Office : 36-38A, Nariman Bhavan, 227, Nariman Point, Mumbai 400 021
UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED JUNE 2002
| PARTICULARS |
For the quarter ended June 2002 (Unaudited) Rs lacs |
For the quarter ended June 2001 (Unaudited) Rs lacs |
For the quarter ended March 2002 (Unaudited) Rs lacs |
| Net Sales/ Income from Operations |
4094.33 |
3536.49 |
13380.72 |
| Other Income |
1275.20 |
1178.64 |
5019.78 |
| Expenditure: |
|
|
|
| Staff Costs |
334.13 |
374.48 |
1358.00 |
| Professional Expenses |
322.20 |
48.41 |
413.13 |
| Office Expenses |
110.73 |
120.01 |
434.32 |
| Advertisement Expenses |
31.76 |
27.30 |
340.58 |
| Total Expenditure |
1093.21 |
809.76 |
3815.23 |
| Provision for Non Performing Assets/Investments |
332.40 |
425.94 |
1034.70 |
| Interest and bank charges |
1989.46 |
1272.04 |
5524.18 |
| Gross Profit after interest but before depreciation and taxation |
1954.46 |
2207.39 |
8026.39 |
| Depreciation |
132.50 |
159.12 |
525.02 |
| Profit before Taxation |
1821.96 |
2048.27 |
7501.37 |
| Provision for Taxation |
650.00 |
675.00 |
2049.26 |
| Net Profit |
1171.96 |
1373.27 |
5452.11 |
| Paid up Equity Share Capital of Rs. 10 each (post merger) |
5921.28 |
5921.28 |
5921.28 |
| Reserves excluding revaluation reserves |
|
|
45126.80 |
| Basic EPS in Rs. - For the quarter/weighted average for the year |
1.98 |
2.32 |
9.21 |
| Diluted EPS in Rs. - for the quarter/ weighted average for the year |
1.98 |
2.32 |
9.21 |
Kotak Mahindra Finance Limited
Registered Office : 36-38A, Nariman Bhavan, 227, Nariman Point, Mumbai 400 021
SEGMENTAL REPORTING
| Sr. No. |
PARTICULARS |
For the quarter ended June 2002 (Unaudited) Rs lacs |
For the quarter ended March 2002 (Unaudited) Rs lacs |
| 1 |
Segment Revenue |
|
|
|
Lending Activities |
4021.31 |
12178.90 |
|
Investments & Group services |
1348.22 |
6221.60 |
|
Total Segment Revenue |
5369.53 |
18400.50 |
|
Less: Inter segment revenue |
- |
- |
|
Net Sales / income from operations |
5369.53 |
18400.50 |
|
|
|
|
| 2 |
Segment Results |
|
|
|
Lending Activities |
1092.60 |
4094.42 |
|
Investments & Group services |
798.23 |
3679.83 |
|
Total Segment Results |
1890.83 |
7774.25 |
|
Less: Other unallocable expenditure net off unallocable income |
(68.87) |
(272.88) |
|
Total Profit Before Tax |
1821.96 |
7501.37 |
|
|
|
|
| 3 |
Capital Employed |
|
|
|
Lending Activities |
20,000.00 |
20,000.00 |
|
Investments & Group services |
31432.77 |
29532.92 |
|
Others |
695.12 |
1439.51 |
|
Total Capital Employed |
52127.89 |
50972.43 |
Notes:
- The Board announced a Final Dividend of 21% for the year ended 31st March 02. A special interim dividend of 20% was paid by the Company in February 2002, on the occasion of its tenth anniversary of listing. The final dividend is subject to approval by the shareholders in the Annual General Meeting of the Company.
- The Company has received an in principle approval from the Reserve Bank of India for conversion of the company into a Commercial Bank. The expenses during the quarter April to June 02 include cost incurred towards the process of conversion.
By the order of the Board of Directors
For Kotak Mahindra Finance Limited
Dipak Gupta
Executive Director
Mumbai, 30th July, 2002