Category

Earnings Alerts

Spark New Zealand (SPK) Earnings: FY Ebitdai Outlook Reduced Amid Challenging Trade Conditions

By | Earnings Alerts
  • Spark NZ has reduced its FY Ebitdai forecast, adjusting it from a range of NZ$1.22 billion to NZ$1.26 billion to an estimated range of NZ$1.17 billion to NZ$1.21 billion.
  • The dividend per share is expected to remain at 27.5 NZ cents.
  • Capital expenditure is expected to remain between NZ$510 million to NZ$530 million.
  • The reduced guidance is due to intensified challenging trading conditions in some parts of the business.
  • There has been notably weaker demand in the enterprise and government markets, impacting Spark’s IT revenues.
  • Public and private sector spending cuts have deepened since the half year, affecting demand in IT service management and professional services.
  • Several planned digital transformation projects have been delayed, grappling with significantly reduced demand.
  • Despite these, mobile service revenue and broadband performance continue to align with expectations.
  • Sales of mobile devices and accessories have been softer than expected.
  • Spark has seen a material deterioration in the outlook for IT revenues, coupled with subdued market conditions, leading to reduced FY24 Ebitdai outlook.
  • To counter this, Spark is fast-tracking its SPK-26 Operate Programme for quicker efficiency benefits.
  • This will go hand in hand with broader efficiency initiatives to lessen the impact of the softer trading conditions.
  • Current market analysts’ opinions include 2 buys, 7 holds, and 1 sell for Spark NZ.

A look at Spark New Zealand Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth4
Resilience2
Momentum3
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma Smart Scores, Spark New Zealand shows a positive long-term outlook. The company scores well in Dividend and Growth factors, indicating strong potential for returns and expansion. Additionally, its Momentum score suggests a promising trend in its future performance. While Value and Resilience scores are lower, the company’s focus on mobility, data, and cost-efficiency aligns with its strategic direction.

Spark New Zealand Limited, formerly known as Telecom Corporation of New Zealand Limited, is dedicated to providing digital communication, entertainment, and IT services to individuals and businesses in New Zealand. With a strategic emphasis on mobility, data, and seamless service delivery, the company is positioned to capitalize on evolving industry trends and technological advancements.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Arabian Internet & Communications (SOLUTION) Earnings Surpass Expectations: 1Q Profits Beat Estimates with a 16% Increase YoY

By | Earnings Alerts
  • Solutions by STC’s 1Q profit exceeded expectations, amounting to 353 million riyals, marking a 16% increase year-on-year.

  • The company’s revenue was tallied at 2.81 billion riyals, showing a 5% growth year-on-year. However, it fell below the estimated 3.02 billion riyals.

  • The operating profit reported was 370 million riyals, up by 3.6% year-on-year but lower than the 398 million riyals estimated by two distinct estimates.

  • There was an increase in Earnings per share (EPS) from 2.55 riyals to 2.97 riyals year-on-year.

  • The rise in profit was attributed to various factors, including an increase in core ICT services, IT managed and operational services, and digital services.

  • Opinions on stock performance are varied with 5 buys, 7 holds and 3 sells.


A look at Arabian Internet & Communica Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience5
Momentum3
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts utilizing the Smartkarma Smart Scores have indicated a positive long-term outlook for Arabian Internet & Communica. With a strong focus on Growth and Resilience, scoring 4 and 5 respectively, the company is positioned well for future expansion and to weather economic uncertainties. The company’s dedication to providing information technology services, cybersecurity, and digital solutions aligns with the growing demand in the market.

While the Value and Dividend scores are moderate at 2, indicating room for improvement in these areas, the Momentum score of 3 suggests a steady progress in the company’s overall performance. Arabian Internet & Communica, through its Solutions by STC brand, caters to both public and private sectors in Saudi Arabia with a range of services such as connectivity, cloud solutions, and business outsourcing, showcasing a diversified portfolio with potential for further growth.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Saudi Awwal Bank (SABB) Earnings Beat Estimates: +16% year-on-year Profit Growth in Q1

By | Earnings Alerts
  • Saudi Awwal Bank reported a higher than expected profit of 2.04 billion riyals in Q1, a 16% increase year on year. Analysts had estimated profits would amount to 1.9 billion riyals.
  • The Bank’s operating income also exceeded estimates with a total of 3.45 billion riyals, a 7.1% increase from the previous year. The estimate was 3.42 billion riyals.
  • Earnings Per Share (EPS) was 0.96 riyals, compared to an estimate of 0.92 riyals and a previous year EPS of 0.86 riyals.
  • Impairments significantly decreased by 65% to 81 million riyals.
  • Pretax profit increased by 17% to 2.35 billion riyals, outpacing estimates of 2.2 billion riyals.
  • The bank’s assets increased by 12% to 369.61 billion riyals, significantly higher than the estimated 306.82 billion riyals.
  • Investments saw a small increase of 1.1% bringing the total to 91.96 billion riyals.
  • Net loans increased by 20% to 228.54 billion riyals, beating an estimate of 222.36 billion riyals.
  • Total deposits grew by 11% compared to the previous year to 251.76 billion riyals.
  • Gross special commission income rose by 28% primarily due to interest rate hikes and loan volume growth.
  • The increase in operating income is attributed to an increase in net special commission income, net fee and commission income, and exchange income.
  • There were noted increases in losses on amortised cost investments.
  • The bank saw increased expenses due to higher salaries, employee-related expenses, and depreciation and amortisation.
  • Analysts’ responses to the Saudi Awwal Bank‘s financial performance varied, with twelve buying, two holding, and none selling.

A look at Saudi Awwal Bank Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth5
Resilience3
Momentum4
OVERALL SMART SCORE4.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Saudi Awwal Bank shows a promising long-term outlook based on its strong scores. The bank excels in areas such as value, growth, dividend, and momentum, showcasing robust performance across key factors. With top scores in value and growth, Saudi Awwal Bank demonstrates a solid foundation for potential profitability and expansion. Moreover, its solid dividend and momentum scores indicate consistent returns and positive market sentiment.

Saudi Awwal Bank, operating as a bank with a wide range of financial services, including wealth management, investment, and corporate banking, serves customers globally. The bank’s strong scores in key areas like value and growth reflect its potential for sustained success in the long term. Additionally, with competitive dividend and momentum scores, Saudi Awwal Bank appears well-positioned to deliver returns to its investors while maintaining positive performance in the market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Exploring Hon Hai Precision Industry (2317) Earnings: A Comprehensive Analysis of the Impressive April Sales Growth

By | Earnings Alerts
  • Hon Hai reports April sales figures of NT$510.90 billion.
  • There is a reported increase in sales of 19%.
  • The investment summary shows 19 buys, 4 holds, and 1 sell.

Hon Hai Precision Industry on Smartkarma

Analysts on Smartkarma, like Vincent Fernando, CFA, have been closely monitoring Hon Hai Precision Industry (Foxconn). Vincent’s research highlights the recent surge in Hon Hai shares after showcasing AI technologies at Nvidia’s GTC conference, possibly triggering a short squeeze. Despite the rally, long-term fundamentals remain strong, with a revised target price of NT$170. However, concerns arise over the current overbought status of Hon Hai, indicating potential near-term challenges.

In another report by Vincent, Hon Hai’s upbeat 4Q23 profit and bullish outlook for 2024 revenue, driven by demand for AI servers, indicate further valuation upside. The company’s potential major order from HP Enterprise and positive news flow potential through Nvidia’s GTC conference signal room for continued upside. Additionally, the focus on the EV business expansion and low valuation multiples present a buying opportunity for investors eyeing long-term growth prospects in Hon Hai.


A look at Hon Hai Precision Industry Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience4
Momentum5
OVERALL SMART SCORE4.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Hon Hai Precision Industry has received solid ratings across the board. With high scores in Value, Dividend, Growth, and Resilience, the company appears well-positioned for long-term success. The top-notch Momentum score further indicates strong market momentum, suggesting positive prospects for Hon Hai Precision Industry.

Overall, Hon Hai Precision Industry, known for providing electronic manufacturing services for a wide range of products, seems to have a promising long-term outlook based on its impressive Smart Scores. The company’s diverse business operations, including PC assembly, connector production, and consumer electronics manufacturing, coupled with its strong performance across key factors, indicate a favorable future trajectory in the industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Surge in Largan Precision (3008) Earnings: April Sales Reach NT$3.46B, Indicating a 20.4% Increase

By | Earnings Alerts
  • Largan reported sales in April 2024 of NT$3.46 billion.
  • This represents a 20.4% increase in sales compared to the previous period.
  • Out of the 25 ratings received, 23 recommended a “buy”, 2 recommended a “hold”, and none recommended a “sell”.

A look at Largan Precision Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth3
Resilience5
Momentum2
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

When looking at the Smartkarma Smart Scores for Largan Precision, the company showcases strength in several key areas. With a high Resilience score of 5, Largan Precision is well-positioned to weather market fluctuations and adapt to changing circumstances. This indicates the company’s ability to maintain stability and effectively navigate challenges in the long run. Additionally, the company’s strong Value score of 4 suggests that Largan Precision‘s stock may be considered undervalued based on its fundamentals, making it an attractive option for investors seeking assets that are potentially priced below their intrinsic value.

Although Largan Precision receives lower scores in Growth and Momentum, scoring 3 and 2 respectively, the company’s overall outlook appears positive. The Growth score of 3 indicates potential for steady expansion and development over time, while the Momentum score of 2 suggests room for improvement in terms of market performance. With a moderate Dividend score of 3, Largan Precision may offer some income opportunities for investors through dividends. Overall, based on the Smartkarma Smart Scores, Largan Precision shows promise for long-term sustainability and potential value appreciation.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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1Q Earnings Surge Plotted: Comprehensive Analysis of Berkshire Hathaway Inc Cl A (BRK/A) Earnings and Operating Income

By | Earnings Alerts
  • Berkshire Hathaway’s first quarter operating income has risen to $11.22 billion, marking a 32% increase compared to the previous quarter.
  • The company’s insurance underwriting operating income has seen a significant increase, reaching $2.6 billion from $848 million in the preceding quarter.
  • In contrast, insurance-investment operating income has dropped slightly by 5.8% to $2.6 billion.
  • Railroad operating earnings decreased by 16% to $1.14 billion in Q1.
  • Income from other controlled businesses came in at $3.09 billion. Additionally, income from non-controlled businesses was reported at $405 million.
  • There has been a notable improvement in other operating income, which amounts to $673 million, compared to a loss of $804 million in the previous quarter.
  • Although, the net income for the period was $12.70 billion, down 66% compared to the previous quarter.
  • The insurance float decreased slightly, down 0.6% to a value of $168 billion.
  • Analyst perspectives on the company include two buy ratings, two hold ratings, and no sell ratings.

A look at Berkshire Hathaway Inc Cl A Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts utilizing the Smartkarma Smart Scores system have provided an optimistic long-term outlook for Berkshire Hathaway Inc Cl A, with high scores across key factors. The company’s strong performance in areas such as value, growth, resilience, and momentum bodes well for its future prospects. Berkshire Hathaway Inc. is a diverse holding company with interests in insurance, railway, specialty chemicals, and various other sectors, showcasing its ability to weather different economic conditions and maintain steady growth.

Although Berkshire Hathaway Inc Cl A scored lower in the dividend category, its overall solid Smart Scores indicate a promising outlook for investors seeking a well-rounded investment option. With a focus on value, growth, resilience, and momentum, Berkshire Hathaway Inc Cl A exemplifies a strong and diversified investment choice in the market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Foxconn Technology (2354) Earnings Report: April Sales Plummet by 34.2% to NT$3.30B

By | Earnings Alerts
  • Foxconn Tech reported April sales of NT$3.30 billion
  • The sales represent a decrease of 34.2% compared to previous figures
  • For Foxconn Tech’s performance, there were 0 buy ratings, 2 holds, and 0 sell ratings

Foxconn Technology on Smartkarma

Analysts on Smartkarma are closely monitoring Foxconn Technology, the key iPhone assembler, amidst significant compliance challenges in China. Caixin Global‘s bearish insight report, “How Foxconn Triumphed on the Chinese Mainland,” reveals that Foxconn is facing intense government scrutiny in China. Multiple Foxconn-affiliated entities are under investigation by Chinese authorities for issues related to tax and land-use, as reported by state-owned newspaper Global Times. This investigation poses a major challenge for Foxconn as it navigates the regulatory landscape in one of its key manufacturing locations.


A look at Foxconn Technology Smart Scores

FactorScoreMagnitude
Value5
Dividend3
Growth3
Resilience5
Momentum5
OVERALL SMART SCORE4.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

With a perfect score for value and high scores across the board in dividend, growth, resilience, and momentum, Foxconn Technology Co Ltd appears to have a promising long-term outlook. The company stands out for its strong value proposition, solid dividend potential, and impressive momentum in the market. Known for manufacturing OEM desktop computers and color monitors, Foxconn Technology seems well-positioned to capitalize on its resilience and continue its growth trajectory in the tech industry.

In summary, Foxconn Technology Co Ltd, a renowned manufacturer of OEM desktop computers and color monitors, showcases exceptional performance across key factors according to Smartkarma’s Smart Scores. With top scores in value, resilience, and momentum, the company’s long-term prospects look favorable, supported by its strengths in growth and dividend potential. Investors may find Foxconn Technology an appealing option for potential growth and value in the evolving tech market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Avenue Supermarts Ltd (DMART) Earnings: 4Q Net Income Misses Estimates Despite 20% Y/Y Increase

By | Earnings Alerts
  • Avenue Supermarts’ net income for the 4th Quarter didn’t meet analyst predictions, earning 6.04 billion rupees as compared to the estimated 6.38 billion.
  • The company saw a 20% year-on-year increase in net income.
  • Revenue also showed a year-on-year increase of 20%, reaching 123.9 billion rupees, which aligns very closely with the predicted 123.94 billion rupees.
  • Total costs for Avenue Supermarts also rose by 20% over the year, amounting to 116.4 billion rupees.
  • The company reported other income of 522 million rupees.
  • In terms of stock advice, 11 analysts recommend buying Avenue Supermart’s stock, 5 hold a neutral view while 9 suggests selling.

A look at Avenue Supermarts Ltd Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Investment analysts are eyeing Avenue Supermarts Ltd‘s long-term future with optimism, as indicated by its Smartkarma Smart Scores. With a solid Growth score of 4, the company is projected to expand and increase its market presence steadily. Additionally, both Resilience and Momentum scores of 4 highlight the company’s ability to weather economic challenges and sustain investor interest, respectively.

However, Avenue Supermarts Ltd‘s Value score of 2 suggests that the stock may not be currently undervalued. The Dividend score of 1 also indicates that the company may not be focusing on distributing profits to shareholders through dividends. Despite these considerations, the overall outlook for Avenue Supermarts Ltd appears promising based on its strong performance in growth, resilience, and momentum.

Summary: Avenue Supermarts Ltd. (ASL) is a company that owns and operates hypermarkets and supermarkets in India, offering a wide range of products from garments and electronics to groceries and household items. With a positive outlook on growth, resilience, and momentum, ASL is positioned well for long-term success according to its Smartkarma Smart Scores.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Increase notched in IDBI Bank Ltd (IDBI) Earnings: 4Q Net Income Soars by 44% Y/Y

By | Earnings Alerts
  • IDBI Bank’s net income for the 4th quarter (4Q) was 16.3 billion rupees, a significant rise of 44% compared to the previous year.
  • There was a drop in gross non-performing assets to 4.53% from the previous quarter’s 4.69%.
  • The operational provisions decreased considerably by 64% to 1.14 billion rupees in the quarter.
  • Operating profit experienced a decline of 10% year over year (y/y), totalling 21.75 billion rupees.
  • Interest income saw an increase of 22% y/y, totalling 69.9 billion rupees.
  • Interest expenses also increased by 35% y/y to 33 billion rupees.
  • Other income declined by 31% y/y, amounting to 8.96 billion rupees.
  • A dividend per share of 1.50 rupees has been announced.
  • The bank’s stock currently has a 0 buy, 0 hold, and 0 sell rating.

A look at IDBI Bank Ltd Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth5
Resilience4
Momentum5
OVERALL SMART SCORE4.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, IDBI Bank Ltd seems to have a positive long-term outlook. With high scores in Growth and Momentum, indicating strong potential for expansion and market performance, the bank appears well-positioned for future growth. Additionally, the scores for Value, Dividend, and Resilience suggest a solid foundation in terms of financial health, shareholder returns, and stability. Overall, IDBI Bank Ltd‘s Smart Scores paint a picture of a company with promising prospects in the coming years.

IDBI Bank Limited, a provider of various banking and financial services, shows a favorable outlook according to the Smartkarma Smart Scores. Notably, the bank excels in areas such as Growth and Momentum, indicating a strong trajectory for advancing its business and maintaining positive market momentum. Furthermore, with solid scores in Value, Dividend, and Resilience, IDBI Bank Ltd demonstrates stability, attractive shareholder payouts, and good financial positioning. In summary, the company appears well-equipped to thrive in the long term based on its Smart Score evaluations.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Kotak Mahindra Bank (KMB) Earnings Report: 4Q Net Income Surpasses Expectations, Showing Notable Yearly Gain

By | Earnings Alerts

• Kotak Mahindra’s net income for 4Q was 41.3 billion rupees, surpassing estimates and showing an 18% year-over-year increase.

• The bank’s gross non-performing assets stood at 1.39%, a decrease from the previous quarter’s 1.73% and also lower than the estimated 1.69%.

• Gross non-performing assets were valued at 52.7 billion rupees, marking a 16% quarter-over-quarter decrease and again beating the estimated 64.94 billion rupees.

• Provisions for the quarter were registered at 2.64 billion rupees, a significant decrease of 54% from the previous quarter.

• Interest income for 4Q reached 123.1 billion rupees, increasing by 25% year-over-year and surpassing the estimated 121.45 billion rupees.

• Interest expense was 54 billion rupees, a 45% year-over-year increase but slightly lower than the estimated 54.16 billion rupees.

• Other income for the quarter came in at 29.8 billion rupees, a 36% year-over-year increase and exceeding the estimated 25.01 billion rupees.

• The operating profit for 4Q was 54.6 billion rupees, marking a 17% increase year-over-year and surpassing the estimated 48.37 billion rupees.

• Operating expenses for the quarter was 44.3 billion rupees, a 22% increase from previous year but slightly higher than the estimate of 43.55 billion rupees.

• Tax expense for 4Q was 10.6 billion rupees, a 6% year-over-year increase, but lower than the estimated 11.18 billion rupees.

• Return on assets for the quarter remained consistent year-over-year at 0.74%.

• The dividend per share declared by the bank was 2 rupees.

• The bank received 21 buys, 15 holds, and 7 sells in analyst ratings.


Kotak Mahindra Bank on Smartkarma

Top independent analysts on Smartkarma have provided insightful coverage on Kotak Mahindra Bank, shedding light on key developments impacting the bank’s operations and investor sentiment.

Nimish Maheshwari‘s analysis delves into the recent regulatory action by RBI that has barred Kotak Bank from expanding its digital business and credit card issuance. This move is expected to have more reputational damage than direct earnings impact, affecting the premium valuations the bank used to command. Meanwhile, Sumeet Singh‘s report focuses on CPPIB’s lockup release involving a significant stake in Kotak Mahindra Bank, providing detailed insights on the dynamics of the release and the implications of past deals performance. These comprehensive research reports offer valuable perspectives for investors evaluating the outlook for Kotak Mahindra Bank.


A look at Kotak Mahindra Bank Smart Scores

FactorScoreMagnitude
Value4
Dividend2
Growth3
Resilience4
Momentum2
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

In assessing the long-term outlook for Kotak Mahindra Bank, an examination of its Smartkarma Smart Scores reveals a mixed picture. While the bank demonstrates strength in areas of value and resilience with scores of 4, indicating favorable metrics in these aspects, it faces challenges in terms of dividend and momentum, scoring a 2 on each. The growth score falls in the middle at 3, suggesting a moderate outlook in this area. Kotak Mahindra Bank Limited stands as a full-service commercial bank in India, providing a diverse range of banking services to individuals, businesses, and corporations.

Despite its solid performance in value and resilience, Kotak Mahindra Bank‘s lower scores in dividend and momentum may signal potential areas for improvement or focus. Investors looking at the bank’s long-term prospects may need to consider the balance of these factors to make informed decisions regarding their investment strategies. With a comprehensive suite of banking products and services available, Kotak Mahindra Bank continues to cater to the financial needs of its customer base in the Indian market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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