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Kotak Mahindra Bank reports 35% rise in Q1 net profit

21 Jul 2011 Evaluate

Kotak Mahindra Bank has reported results for its first quarter ended June 30, 2011

The company’s net profit for the quarter surged by 34.85% at Rs 252.03 crore as compared to Rs 186.90 crore for the quarter ended June 30, 2010. Its total Income has increased by 47.02% to Rs 1,558.44 crore for the quarter under review from Rs 1,060.04 crore for the corresponding quarter of the previous year.

On consolidated basis, the Group’s net profit after tax has registered a growth of 26.98% at Rs 416.10 crore for the quarter ended June 30, 2011 as compared to Rs 327.69 crore for the quarter ended June 30, 2010. Its total revenue has increased by 16.36% to Rs 2709.65 crore for the quarter from Rs 2328.68 crore for the similar quarter of the previous year.

Peers
Company Name CMP
HDFC Bank 706.00
ICICI Bank 1356.60
Axis Bank 1247.25
Kotak Mahindra Bank 441.20
Indusind Bank 878.25
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