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Karnataka Bank Ltd Q1FY24; 225% rise in Profits

Karnataka Bank is engaged in providing a wide range of banking & financial services involving retail, corporate banking and para-banking activities in addition to treasury and foreign exchange business.

Financial Results:

Karnataka Bank Ltd reported Revenues for Q1FY24 of ₹1,959.00 Crores up from ₹1,629.00 Crore year on year, a rise of 20.26%.

Total Expenses for Q1FY24 of ₹1,833.00 Crores up from ₹1,712.00 Crores year on year, a rise of 7.07%.

Consolidated Net Profit of ₹371.00 Crores up 225.44% from ₹114.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹11.88, up 223.71% from ₹3.67 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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