Kotak Mahindra Bank Ltd.
-5.75 (-0.27%) Kotak Mahindra Bank reports 79% rise in Q1 consolidated net profit
Date: 20-07-2024Kotak Mahindra Bank has reported results for first quarter ended June 30, 2024 (Q1FY25).
The bank has reported 81.03% rise in its net profit at Rs 6,249.82 crore for the quarter ended June 30, 2024 as compared to Rs 3,452.30 crore for the same quarter in the previous year. Total income of the bank increased by 18.90% at Rs 15,675.15 crore for Q1FY25 as compared to Rs 13,183.26 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 79.47% rise in net profit at Rs 7,448.16 crore for Q1FY25 as compared to Rs 4,150.19 crore for the same quarter in the previous year. Total income of the bank increased by 21.00% at Rs 25,075.87 crore for Q1FY25 as compared to Rs 20,723.91 crore for the corresponding quarter previous year.