Kotak Mahindra Bank Ltd.
-4.40 (-0.20%) Kotak Mahindra Bank reports 53% rise in Q1 consolidated net profit
Date: 25-07-2022Kotak Mahindra Bank has reported results for first quarter ended June 30, 2022.
The bank has reported a rise of 26.14% in its net profit at Rs 2,071.15 crore for the quarter under review as compared to Rs 1,641.92 crore for the same quarter in the previous year. Total income of the bank increased by 9.59% at Rs 8,582.25 crore for Q1FY23 as compared Rs 7,831.56 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported a rise of 52.56% in its net profit at Rs 2,755.39 crore for the quarter under review as compared to Rs 1,806.09 crore for the same quarter in the previous year. However, total income of the bank decreased by 7.26% at Rs 11,658.94 crore for Q1FY23 as compared Rs 12,571.61 crore for the corresponding quarter previous year.