Kotak Mahindra Bank Ltd.

BSE: 500247 | NSE: KOTAKBANK
Large Cap | Bank - Private
2159.50
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Kotak Mahindra Bank reports 7% rise in Q1 consolidated net profit

Date: 19-07-2012

Kotak Mahindra Bank has reported results for first quarter ended June 30, 2012.

The bank has registered a rise of 12.07% in its net profit at Rs 282.45 crore for the quarter under review as compared to Rs 252.03 crore for the same quarter in the previous year. The total income of the bank has increased by 31.99% at Rs 2,056.98 crore for Q1FY13 as compared Rs 1,558.44 crore for the corresponding quarter previous year.

On the consolidated basis, the group’s net profit increased by 6.58% to Rs 443.48 crore for the Q1FY13 as compared to Rs 416.10 crore in Q1 FY12. Moreover, the total income also surged 22.95% to Rs 3,331.64 crore in the quarter under review as compared to Rs 2,709.65 crore in the corresponding quarter previous year.

Gross non-performing assets (NPAs) decreased to 1.34% in the April-June quarter as against 1.59% in the same quarter previous year while net NPAs increased to 0.66% from 0.54% a year ago period.