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Kotak Mahindra Bank Ltd Q1 FY24; 51% rise in Profits

Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance and General Insurance.

Financial Results:

  • Kotak Mahindra Bank Ltd reported Revenues for Q1FY24 of ₹12,869.00 Crores up from ₹9,164.00 Crore year on year, a rise of 40.43%.
  • Total Expenses for Q1FY24 of ₹15,137.00 Crores up from ₹7,883.00 Crores year on year, a rise of 92.02%.
  • Consolidated Net Profit of ₹4,150.00 Crores up 50.64% from ₹2,755.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹20.88, up 50.43% from ₹13.88 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.

Tags: Banking
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