Kotak Mahindra Bank Ltd.
-5.75 (-0.27%) Kotak Mahindra Bank reports 10% rise in Q3 consolidated net profit
Date: 18-01-2025Kotak Mahindra Bank has reported results for third quarter ended December 31, 2024 (Q3FY25).
The bank has reported 9.98% rise in net profit at Rs 3304.80 crore for Q3FY25 as compared to Rs 3005.01 crore for the same quarter in the previous year. Total income of the bank increased by 13.86% at Rs 16050.38 crore for Q3FY25 as compared to Rs 14096.04 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 10.23% rise in its net profit at Rs 4701.02 crore for the quarter ended December 31, 2024 as compared to Rs 4264.78 crore for the same quarter in the previous year. However, total income of the bank decreased by 0.57% at Rs 23945.79 crore for Q3FY25 as compared to Rs 24083.15 crore for the corresponding quarter previous year.