Kotak Mahindra Finance Limited
Registered Office : 36-38A, Nariman Bhavan, 227, Nariman Point, Mumbai 400 021
UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE HALF YEAR ENDED SEPTEMBER 2002
| PARTICULARS |
For the quarter ended Sep 2002 (Unaudited) Rs lacs |
For the quarter ended Sep 2001 (Unaudited) Rs lacs |
For the half year ended Sep 2002 (Unaudited) Rs lacs |
For the half year ended Sep 2001 (Unaudited) Rs lacs |
For the year ended Mar 2002 (Audited) Rs lacs |
| Net Sales/ Income from Operations |
4953.69 |
2887.18 |
9048.02 |
6423.67 |
13380.72 |
| Other Income |
1303.31 |
1197.59 |
2578.51 |
2376.23 |
5019.78 |
| Expenditure: |
|
|
|
|
|
| Staff Costs |
506.13 |
343.57 |
840.26 |
718.05 |
1358.00 |
| Professional Expenses |
394.85 |
94.14 |
717.05 |
142.55 |
413.13 |
| Office Expenses |
548.15 |
114.26 |
658.88 |
234.27 |
434.32 |
| Advertisement Expenses |
55.33 |
98.10 |
87.09 |
125.40 |
340.58 |
| Other Expenses |
478.65 |
286.55 |
773.04 |
526.11 |
1269.20 |
| Total Expenditure |
1983.11 |
936.62 |
3076.32 |
1746.38 |
3815.23 |
| Provision for Non Performing Assets/Investments |
230.22 |
301.36 |
562.62 |
727.30 |
1034.70 |
| Gross Profit after interest but before depreciation and taxation |
1921.27 |
1599.94 |
3875.73 |
3807.33 |
8026.39 |
| Depreciation |
122.54 |
109.65 |
255.04 |
268.77 |
525.02 |
| Profit before Taxation |
1798.73 |
1490.29 |
3620.69 |
3538.56 |
7501.37 |
| Provision for Taxation |
610.00 |
425.00 |
1260.00 |
1100.00 |
2049.26 |
| Net Profit |
1188.73 |
1065.29 |
2360.69 |
2438.56 |
5452.11 |
| Paid up Equity Share Capital of Rs. 10 each (post merger) |
5921.28 |
5921.28 |
5921.28 |
5921.28 |
5921.28 |
| Reserves excluding revaluation reserves |
|
|
|
|
45126.80 |
| Basic EPS in Rs. - For the quarter/weighted average for the year |
2.01 |
1.80 |
3.99 |
4.12 |
9.21 |
| Diluted EPS in Rs. - for the quarter/ weighted average for the year |
2.01 |
1.80 |
3.99 |
4.12 |
9.21 |
| Aggregate of non-promoter shareholding as on 30th Sept 2002 |
|
|
|
|
|
| as classified under category B of clause 35 of the Listing agreement |
|
|
|
|
|
| - Number of shares |
|
|
21565931 |
21435067 |
21552211 |
| - Percentage of shareholding |
|
|
36.42% |
36.20% |
36.40% |
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 Sep 2002 (Unaudited) |
For the half year ended Sep 2002 (Unaudited) |
For the year ended Mar 2002 (Audited) |
| 1 |
Segment Revenue |
|
|
|
|
Lending Activities |
5,011.03 |
9,032.34 |
12178.90 |
|
Investments & Group services |
1,245.97 |
2,594.19 |
6221.60 |
|
Total Segment Revenue |
6,257.00 |
11,626.53 |
18400.50 |
|
Less: Inter segment revenue |
|
|
|
|
Net Sales / income from operations |
6,257.00 |
11,626.53 |
18400.50 |
|
|
|
|
|
| 2 |
Segment Results |
|
|
|
|
Lending Activities |
1,717.12 |
2,809.72 |
4094.42 |
|
Investments & Group services |
143.02 |
941.25 |
3679.83 |
|
Total Segment Results |
1,860.14 |
3,750.97 |
7774.25 |
|
Less: Other unallocable expenditure net off unallocable income |
(61.41) |
(61.41) |
(272.88) |
|
Total Profit Before Tax |
1,798.73 |
3,620.69 |
7501.37 |
|
|
|
|
|
| 3 |
Capital Employed |
|
|
|
|
Lending Activities |
20,000.00 |
20,000.00 |
20,000.00 |
|
Investments & Group services |
32,093.36 |
32,093.36 |
29532.92 |
|
Others |
1,210.80 |
1,210.80 |
1439.51 |
|
Total Capital Employed |
53,304.16 |
53,304.16 |
50972.43 |
Notes:
- Income for the period under review includes effect of securitisation of commercial vehicle finance receivables resulting in a impact on net income from operations of Rs. 5.97 crores
- Professional expenses and office expenses for the quarter July to September 02 and for the half year April to September 02 include expenses incurred and provided for towards the banking project and expenses relating to the merger of Scope Holdings Pvt Ltd., Mega Assets and Capital Management Pvt. Ltd., Twilight Holdings Pvt Ltd. and Guldasta Investments Pvt Ltd with the Company.
By the order of the Board of Directors
For Kotak Mahindra Finance Limited
Dipak Gupta
Executive Director
Mumbai, 31st October, 2002