Kotak Mahindra Bank Ltd.
-5.75 (-0.27%) Kotak Mahindra Bank reports 7% rise in Q3 consolidated net profit
Date: 20-01-2024Kotak Mahindra Bank has reported results for third quarter ended December 31, 2023 (Q3FY24).
The bank has reported 7.63% rise in net profit at Rs 3005.01 crore for the quarter ended December 31, 2023 as compared to Rs 2791.88 crore for the same quarter in the previous year. Total income of the bank increased by 28.77% at Rs 14096.04 crore for Q3FY24 as compared Rs 10946.93 crore for corresponding quarter of the previous year.
On consolidated basis, the bank reported 6.75% rise in its net profit at Rs 4264.78 crore for Q3FY24 as compared to Rs 3995.05 crore for the same quarter in the previous year. Total income of the bank increased by 31.09% at Rs 24083.15 crore for Q3FY24 as compared Rs 18371.64 crore for corresponding quarter of the previous year.