Kotak Mahindra Bank Ltd.

BSE: 500247 | NSE: KOTAKBANK
Large Cap | Bank - Private
392.05
4.75 (1.23%)
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Kotak Mahindra Bank reports 23% growth in consolidated Q2 net profit

Date: 22-10-2014

Kotak Mahindra Bank has reported results for second quarter ended September 30, 2014.

The company has registered 26.09% rise in its net profit at Rs 444.52 crore for the quarter under review as compared to Rs 352.54 crore for the same quarter in the previous year. Total income of the company has increased 14.15% at Rs 2818.93 crore for Q2FY15 as compared Rs 2469.46 crore for the corresponding quarter previous year.

On consolidated basis, the bank’s net profit after taxes and minority interest for the quarter under review registered 23.15% growth at Rs 717.93 crore against Rs 582.93 crore in the September quarter of previous fiscal. The bank’s total income has increased by 33.12% at Rs 4920.40 crore for the quarter from Rs 3695.98 crore in the similar quarter of previous year.