Kotak Mahindra Bank Ltd.

BSE: 500247 | NSE: KOTAKBANK
Large Cap | Bank - Private
2159.50
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Kotak Mahindra Bank reports 24% rise in Q2 consolidated net profit

Date: 21-10-2023

Kotak Mahindra Bank has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The bank has reported 23.65% rise in its net profit at Rs 3,190.97 crore for the quarter under review as compared to Rs 2,580.68 crore for the same quarter in the previous year. Total income of the bank increased by 36.09% at Rs 13,507.36 crore for Q2FY24 as compared Rs 9,925.22 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 23.64% rise in its net profit at Rs 4,461.04 crore for Q2FY24 as compared to Rs 3,608.18 crore for the same quarter in the previous year. Total income of the bank increased by 23.66% at Rs 21,559.52 crore for Q2FY24 as compared Rs 17,434.79 crore for the corresponding quarter previous year.