Kotak Mahindra Bank reports 14% rise in Q4 consolidated net profit

30 Apr 2019

Kotak Mahindra Bank has reported results for the fourth quarter and year ended March 31, 2019. 

The bank has reported a rise of 25.24% in its net profit at Rs 1,407.80 crore for the quarter ended March 31, 2019 as compared to Rs 1,124.05 crore for the same quarter in the previous year. Total income of the bank increased by 18.50% at Rs 7,672.56 crore for quarter under review as compared to Rs 6,475.00 crore for the quarter ended March 31, 2018.

On consolidated basis, the bank has reported rise of 13.92% in its net profit at Rs 2,038.27 crore for the quarter ended March 31, 2019 as compared to Rs 1,789.24 crore for the corresponding quarter in the FY18. Total consolidated income of the bank rose 27.12% at Rs 13,823.33 crore for quarter under review as compared to Rs 10,874.12 crore for the same quarter ended previous year.

For the year ended March 31, 2019, the bank has posted a rise of 19.12% in its net profit at Rs 4,865.33 crore as compared to Rs 4,084.30 crore for the previous year. Total income of bank increased 19.94% at Rs 28,547.24 crore for year under review as compared to Rs 23,800.70 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the bank has posted rise of 16.18% in its net profit at Rs 7,204.13 crore as compared to Rs 6,200.97 crore for the previous year. Total income of bank increased by 18.54% at Rs 45,903.36 crore for year under review as compared to Rs 38,723.67 crore for year ended March 31, 2018.

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