Kotak Mahindra Bank Ltd.

BSE: 500247 | NSE: KOTAKBANK
Large Cap | Bank - Private
2149.95
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Kotak Mahindra Bank reports 51% rise in Q1 consolidated net profit

Date: 22-07-2023

Kotak Mahindra Bank has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The bank has reported 66.69% rise in its net profit at Rs 3,452.30 crore for the quarter under review as compared to Rs 2,071.15 crore for the same quarter in the previous year. Total income of the bank increased by 55.93% at Rs 13,183.26 crore for Q1FY24 as compared Rs 8,454.52 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 50.62% rise in its net profit at Rs 4,150.19 crore for the quarter ended June 30, 2023 as compared to Rs 2,755.39 crore for the same quarter in the previous year. Total income of the bank increased by 79.13% at Rs 20,723.91 crore for Q1FY24 as compared Rs 11,569.09 crore for the corresponding quarter previous year.