Kotak Mahindra Bank trades in green on reporting 31% rise in Q3 consolidated net profit
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Kotak Mahindra Bank is currently trading at Rs. 1899.85, up by 10.40 points or 0.55% from its previous closing of Rs. 1889.45 on the BSE.
The scrip opened at Rs. 1897.00 and has touched a high and low of Rs. 1956.00 and Rs. 1889.15 respectively. So far 173237 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2252.45 on 27-Oct-2021 and a 52 week low of Rs. 1627.25 on 30-Jul-2021.
Last one week high and low of the scrip stood at Rs. 1956.00 and Rs. 1782.70 respectively. The current market cap of the company is Rs. 377218.61 crore.
The promoters holding in the company stood at 25.99%, while Institutions and Non-Institutions held 57.55% and 16.46% respectively.
Kotak Mahindra Bank has reported a rise of 14.99% in its net profit at Rs 2,131.36 crore for third quarter ended December 31, 2021 as compared to Rs 1,853.54 crore for the same quarter in the previous year. Total income of the bank increased by 3.91% at Rs 8,260.48 crore for Q3FY22 as compared Rs 7,949.74 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported a rise of 30.79% in its net profit at Rs 3,402.74 crore for third quarter ended December 31, 2021 as compared to Rs 2,601.67 crore for the same quarter in the previous year. However, total income of the bank decreased by 3.37% at Rs 14,176.16 crore for Q3FY22 as compared Rs 14,671.02 crore for the corresponding quarter previous year.
