Kotak Mahindra Bank Ltd.
-4.35 (-1.11%) Kotak Mahindra Bank reports 14% rise in Q3 consolidated net profit
Date: 21-01-2019Kotak Mahindra Bank has reported results for third quarter ended December 31, 2018.
The Bank has reported 22.57% rise in its net profit at Rs 1,290.93 crore for the quarter under review as compared to Rs 1,053.21 crore for the same quarter in the previous year. Total income of the Bank increased by 19.26% at Rs 7,214.21 crore for Q3FY19 as compared Rs 6,049.02 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported a rise of 13.53% in its net profit at Rs 1,844.01 crore for the quarter under review as compared to Rs 1,624.24 crore for the same quarter in the previous year. Total consolidated income of the company increased by 12.30% at Rs 11,347.39 crore for Q3FY19 as compared Rs 10,104.59 crore for the corresponding quarter previous year.