Kotak Mahindra Bank zooms on reporting 17% rise in Q4 consolidated net profit
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Kotak Mahindra Bank is currently trading at Rs. 1600.00, up by 52.75 points or 3.41% from its previous closing of Rs. 1547.25 on the BSE.
The scrip opened at Rs. 1600.00 and has touched a high and low of Rs. 1600.00 and Rs. 1600.00 respectively. So far 15948 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2063.00 on 31-May-2023 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. 1647.00 and Rs. 1544.15 respectively. The current market cap of the company is Rs. 307582.65 crore.
The promoters holding in the company stood at 25.90%, while Institutions and Non-Institutions held 60.99% and 13.11 % respectively.
Kotak Mahindra Bank has reported 18.24% rise in its net profit at Rs 4,133.30 crore for fourth quarter (Q4) and year ended March 31, 2024 as compared to Rs 3,495.59 crore for the same quarter in the previous year. Total income of the bank increased by 27.30% at Rs 15,285.35 crore for Q4FY24 as compared Rs 12,007.23 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 16.88% rise in its net profit at Rs 5,337.20 crore for fourth quarter ended March 31, 2024 as compared to Rs 4,566.39 crore for the same quarter in the previous year. Total income of the bank increased by 34.39% at Rs 27,907.33 crore for Q4FY24 as compared Rs 20,766.51 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the bank has reported 25.98% rise in net profit at Rs 13,781.58 crore as compared to Rs 10,939.30 crore for the previous year. Total income of the bank increased by 35.66% at Rs 56,072.01 crore for year under review as compared to Rs 41,333.90 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the bank has reported 22.03% rise in its net profit at Rs 18,213.21 crore as compared to Rs 14,925.01 crore for the previous year. Total income of the bank increased by 38.35% at Rs 94,273.91 crore for year under review as compared to Rs 68,142.03 crore for year ended March 31, 2023.
