Kotak Mahindra Bank Ltd.

BSE: 500247 | NSE: KOTAKBANK
Large Cap | Bank - Private
387.30
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Kotak Mahindra Bank reports 26% rise in Q1 consolidated net profit

Date: 20-07-2017

Kotak Mahindra Bank has reported results for first quarter ended June 30, 2017.

The Bank has reported 23.01% rise in its net profit at Rs 912.73 crore for the quarter under review as compared to Rs 741.97 crore for the same quarter in the previous year. The total income of the Bank increased by 8.65% at Rs 5562.66 crore for Q1FY18 as compared Rs 5120.03 crore for the corresponding quarter previous year.

On consolidate basis, the Bank has reported 26.21% rise in its net profit at Rs 1346.82 crore for the quarter ended June 30, 2017 as compared to Rs 1067.10 crore for the corresponding quarter in the FY17. Total consolidated income of the Bank increased by 9.45% at Rs 8610.63 crore for quarter under review as compared to Rs 7866.88 crore for the same quarter in the previous year.