Kotak Mahindra Bank Ltd.

BSE: 500247 | NSE: KOTAKBANK
Large Cap | Bank - Private
393.00
-1.00 (-0.25%)
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Kotak Mahindra Bank reports 17% rise in Q3 consolidated net profit

Date: 21-01-2023

Kotak Mahindra Bank has reported results for third quarter ended December 31, 2022.

The bank has reported rise of 30.99% in its net profit at Rs 2,791.88 crore for Q3FY23 as compared to Rs 2,131.36 crore for the corresponding quarter previous year. Total income of the bank increased by 34.36% to Rs 11,098.59 crore for the quarter under review as compared to Rs 8,260.48 crore for the same quarter in the previous year.

On the consolidated basis, the bank has reported rise of 17.41% in its net profit at Rs 3,995.05 crore for Q3FY23 as compared to Rs 3,402.74 crore for the same quarter in the previous year. Total income of the bank increased by 30.43% to Rs 18,481.46 crore for the quarter under review as compared to Rs 14,169.14 crore for the same quarter in the previous year.