{"id":135076,"date":"2022-10-24T06:10:39","date_gmt":"2022-10-24T10:10:39","guid":{"rendered":"https:\/\/44.250.171.167\/?p=135076"},"modified":"2022-10-24T06:10:40","modified_gmt":"2022-10-24T10:10:40","slug":"kotak-mahindra-bank-ltd-q2fy23-27-growth-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/kotak-mahindra-bank-ltd-q2fy23-27-growth-in-profits\/","title":{"rendered":"Kotak Mahindra Bank Ltd. Q2FY23; 27% Growth in Profits"},"content":{"rendered":"\n<p><a href=\"https:\/\/44.250.171.167\/symbol\/kotakbank\/\" target=\"_blank\" rel=\"noreferrer noopener\">Kotak Mahindra Bank Ltd.<\/a>\u2018s Net Interest Income for Q2 FY23 has increased by 27% YoY to \u20b9 5,099 crores. Profit After Tax rose by 27% YoY to \u20b9 2,581 crores. Operating Expenditure grew by 28% YoY for Q2 FY 2023.<\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-KOTAKBANK-1.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"918\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-KOTAKBANK-1-918x1024.jpg\" alt=\"\" class=\"wp-image-135077\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-KOTAKBANK-1-918x1024.jpg 918w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-KOTAKBANK-1-269x300.jpg 269w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-KOTAKBANK-1-768x857.jpg 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-KOTAKBANK-1.jpg 1280w\" sizes=\"auto, (max-width: 918px) 100vw, 918px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>Net Non Performing Assets (NNPA) fell to 0.55%. In this quarter\u2019s\u00a0<a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/b20716f9-c63c-49de-8626-4dc8e246b901.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">investor presentation<\/a>, it is evident that the reason for the Operating Profit YoY growth to be 14% while Profits After Tax YoY growth to 27% is the significant reduction in Provisions and Contingencies by about 68% YoY.<\/p>\n\n\n\n<p>To further read about this company, check out this&nbsp;link.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kotak Mahindra Bank Ltd.\u2018s Net Interest Income for Q2 FY23 has increased by 27% YoY to \u20b9 5,099 crores. Profit After Tax rose by 27% YoY to \u20b9 2,581 crores. Operating Expenditure grew by 28% YoY for Q2 FY 2023. Net Non Performing Assets (NNPA) fell to 0.55%. In this quarter\u2019s\u00a0investor presentation, it is evident [&hellip;]<\/p>\n","protected":false},"author":1885,"featured_media":135077,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,1],"tags":[151],"class_list":["post-135076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-finance-stocks","tag-banking"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-KOTAKBANK-1.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":135088,"url":"https:\/\/alphastreet.com\/india\/story-behind-kotak-mahindra-bank-q2fy23-result\/","url_meta":{"origin":135076,"position":0},"title":"Story Behind Kotak Mahindra Bank Q2FY23 Result","author":"Karan_Singh","date":"October 24, 2022","format":false,"excerpt":"Financial Results: Kotak Mahindra Bank Ltd. has expanded its total advances by 25% YoY. This increase in total advances have contributed to the increased operating profit. It is evident that part of the increase in profitability stems from the reduction of Provisions & Contingencies amount by 68%. That would explain\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-667252084.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-667252084.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-667252084.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":145345,"url":"https:\/\/alphastreet.com\/india\/kotak-mahindra-q4fy23-17-growth-in-profits\/","url_meta":{"origin":135076,"position":1},"title":"Kotak Mahindra Q4FY23; 17% Growth in Profits","author":"Karan_Singh","date":"May 8, 2023","format":false,"excerpt":"Kotak Mahindra Bank Limited's total income in Q4FY23 rose 24% to \u20b9 20,731 crores. Consolidated Profit After Tax came at \u20b9 4,566 crores in Q4FY23 showcasing a 17% rise in profits on YoY basis. In this quarter\u2019s\u00a0results, the reports suggested that the firm has continued to deliver consistent performance in\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/iStock-524529958.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/iStock-524529958.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/iStock-524529958.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":166459,"url":"https:\/\/alphastreet.com\/india\/kotak-mahindra-bank-ltd-q3fy25-10-rise-in-profits\/","url_meta":{"origin":135076,"position":2},"title":"Kotak Mahindra Bank Ltd Q3FY25; 10% rise in Profits","author":"Chirag Gupta","date":"January 21, 2025","format":false,"excerpt":"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. 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Financial Results: Kotak Mahindra Bank Ltd reported Revenues for Q2FY24\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-138.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-138.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-138.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-138.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-138.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-138.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":149653,"url":"https:\/\/alphastreet.com\/india\/kotak-mahindra-bank-ltd-q1-fy24-51-rise-in-profits\/","url_meta":{"origin":135076,"position":5},"title":"Kotak Mahindra Bank Ltd Q1 FY24; 51% rise in Profits","author":"Hardik Bhandare","date":"July 24, 2023","format":false,"excerpt":"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. 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