Kotak Mahindra Bank rises on reporting 17% rise in Q3 consolidated net profit
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Kotak Mahindra Bank is currently trading at Rs. 1779.10, up by 15.85 points or 0.90% from its previous closing of Rs. 1763.25 on the BSE.
The scrip opened at Rs. 1796.00 and has touched a high and low of Rs. 1796.00 and Rs. 1770.55 respectively. So far 38355 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1997.00 on 18-Nov-2022 and a 52 week low of Rs. 1630.00 on 30-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1826.80 and Rs. 1757.25 respectively. The current market cap of the company is Rs. 353910.52 crore.
The promoters holding in the company stood at 25.95%, while Institutions and Non-Institutions held 60.99% and 13.05% respectively.
Kotak Mahindra Bank has reported results for third quarter ended December 31, 2022.
The bank has reported rise of 30.99% in its net profit at Rs 2,791.88 crore for Q3FY23 as compared to Rs 2,131.36 crore for the corresponding quarter previous year. Total income of the bank increased by 34.36% to Rs 11,098.59 crore for the quarter under review as compared to Rs 8,260.48 crore for the same quarter in the previous year.
On the consolidated basis, the bank has reported rise of 17.41% in its net profit at Rs 3,995.05 crore for Q3FY23 as compared to Rs 3,402.74 crore for the same quarter in the previous year. Total income of the bank increased by 30.43% to Rs 18,481.46 crore for the quarter under review as compared to Rs 14,169.14 crore for the same quarter in the previous year.
