Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank has reported results for fourth quarter and year ended March 31, 2022.

The bank has reported a rise of 64.49% in its net profit at Rs 2,767.40 crore for the quarter under review as compared to Rs 1,682.37 crore for the same quarter in the previous year. Total income of the bank increased by 11.81% at Rs 8,892.26 crore for Q4FY22 as compared Rs 7,953.12 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a rise of 50.30% in its net profit at Rs 3,891.82 crore for the quarter under review as compared to Rs 2,589.32 crore for the same quarter in the previous year. Total income of the bank increased by 6.80% at Rs 16,794.19 crore for Q4FY22 as compared Rs 15,725.03 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the bank has reported a rise of 23.09% in its net profit at Rs 8,572.69 crore as compared to Rs 6,964.84 crore for the previous year. Total income of the bank increased by 4.86% at Rs 33,393.17 crore for year under review as compared to Rs 31,846.79 crore for year ended March 31, 2021.

For the year ended March 31, 2022, on the consolidated basis, the bank has reported a rise of 21.01% in its net profit at Rs 12,089.39 crore as compared to Rs 9,990.20 crore for the previous year. Total income of the bank increased by 4.59% at Rs 58,882.82 crore for year under review as compared to Rs 56,296.47 crore for year ended March 31, 2021.