Kotak Mahindra Bank Ltd.
0.40 (0.10%) Kotak Mahindra Bank’s consolidated net profit climbs 38% in Q2
Date: 22-10-2019Kotak Mahindra Bank has reported results for second quarter ended September 30, 2019.
The bank has reported 51.05% rise in its net profit at Rs 1,724.48 crore for the quarter under review as compared to Rs 1,141.65 crore for the same quarter in the previous year. Total income of the bank increased by 13.82% at Rs 7,986.01 crore for Q2FY20 as compared Rs 7,016.17 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported a rise of 37.76% in its net profit at Rs 2,407.25 crore for the quarter under review as compared to Rs 1,747.37 crore for the same quarter in the previous year. Total income of the bank increased by 15.83% at Rs 12,542.99 crore for Q2FY20 as compared Rs 10,829.08 crore for the corresponding quarter previous year.