Kotak Mahindra Bank zooms on reporting 10% rise in Q3 consolidated net profit
Kotak Mahindra Bank is currently trading at Rs. 1917.20, up by 158.55 points or 9.02% from its previous closing of Rs. 1758.65 on the BSE.
The scrip opened at Rs. 1882.10 and has touched a high and low of Rs. 1928.65 and Rs. 1867.05 respectively. So far 359024 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1953.00 on 23-Sep-2024 and a 52 week low of Rs. 1544.15 on 03-May-2024.
Last one week high and low of the scrip stood at Rs. 1928.65 and Rs. 1711.05 respectively. The current market cap of the company is Rs. 381371.47 crore.
The promoters holding in the company stood at 25.89%, while Institutions and Non-Institutions held 61.22% and 12.90% respectively.
Kotak Mahindra Bank has reported 9.98% rise in net profit at Rs 3304.80 crore for third quarter ended December 31, 2024 (Q3FY25) as compared to Rs 3005.01 crore for the same quarter in the previous year. Total income of the bank increased by 13.86% at Rs 16050.38 crore for Q3FY25 as compared to Rs 14096.04 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 10.23% rise in its net profit at Rs 4701.02 crore for the quarter ended December 31, 2024 as compared to Rs 4264.78 crore for the same quarter in the previous year. However, total income of the bank decreased by 0.57% at Rs 23945.79 crore for Q3FY25 as compared to Rs 24083.15 crore for the corresponding quarter previous year.
