Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank has reported results for first quarter ended June 30, 2016.

The bank has reported around four fold jump in its net profit at Rs 741.97 crore for the quarter ended June 30, 2016 as compared to Rs 189.78 crore for the same quarter in the previous year. The bank's total income increased by 11.70% to Rs 5120.03 crore for the quarter under review from Rs 4583.86 crore for the corresponding quarter of the previous year.

On the consolidated basis, the bank has reported over two fold jump in its net profit after taxes, minority interest and share of profit / (loss) of associates at Rs 1067.10 crore for the quarter ended June 30, 2016 as compared to Rs 516.57 crore for the same quarter in the previous year. Total income of the bank increased by 23.22% at Rs 7866.88 crore for quarter under review as compared to Rs 6384.63 crore for the quarter ended June 30, 2015.