Kotak Mahindra Bank shines despite reporting 3% fall in Q1 consolidated net profit

26 Jul 2021 Evaluate

Kotak Mahindra Bank is currently trading at Rs. 1742.00, up by 18.90 points or 1.10% from its previous closing of Rs. 1723.10 on the BSE.

The scrip opened at Rs. 1712.10 and has touched a high and low of Rs. 1749.85 and Rs. 1677.35 respectively. So far 154368 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2048.95 on 16-Feb-2021 and a 52 week low of Rs. 1231.20 on 25-Sep-2020.

Last one week high and low of the scrip stood at Rs. 1749.85 and Rs. 1677.35 respectively. The current market cap of the company is Rs. 345382.00 crore.

The promoters holding in the company stood at 26.00%, while Institutions and Non-Institutions held 57.39% and 16.61% respectively.

Kotak Mahindra Bank has reported a rise of 31.94% in its net profit at Rs 1,641.92 crore for the quarter ended June 30, 2021 as compared to Rs 1,244.45 crore for the same quarter in the previous year. Total income of the bank increased by 4.91% at Rs 8,062.81 crore for Q1FY22 as compared Rs 7685.40 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a fall of 2.51% in its net profit at Rs 1,806.09 crore for the quarter ended June 30, 2021 as compared to Rs 1,852.59 crore for the same quarter in the previous year. However, total income of the bank increased by 3.87% at Rs 12,799.59 crore for Q1FY22 as compared Rs 12,323.15 crore for the corresponding quarter previous year.

Kotak Mahindra Bank Share Price

1785.80 10.15 (0.57%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
HDFC Bank 1448.20
ICICI Bank 1095.75
Axis Bank 1048.30
Indusind Bank 1549.10
Kotak Mahindra Bank 1785.80
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