Mumbai35 minutes ago
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After the July-September quarter results, the shares of private sector lender Kotak Mahindra Bank have fallen by 7.13% today i.e. Monday, October 21. The company's shares have fallen by Rs 133 and are trading at Rs 1,737.
The bank has made a net profit of Rs 3,344 crore in the second quarter of the financial year 2024-25. There has been an increase of 5% on annual basis. In the same quarter a year ago (Q2FY24), the bank had made a profit of Rs 3191 crore.
Company's NII increased by 11% in July-September
Net interest income (NII) or core income of private sector banks increased by 11% to Rs 7,020 crore in the July-September quarter. In the same quarter of the last financial year, the interest income of the bank was Rs 6,297 crore. Net interest margin (NIM) during this period was 4.91%.
Earning from fees and service charges was Rs 2,312 crore
According to the filing, the bank collected Rs 2,312 crore from fees and service charges in the second quarter. There was a growth of 14% on annual basis. In the financial year 2023-24, the bank had earned Rs 2026 crore from fees and service charges.
The operating profit of the bank increased by 11% year-on-year to Rs 5,099 crore in July-September 2024. It was Rs 4,610 crore in July-September 2023 (Q2FY24).
Kotak Bank shares did not give any return in one year
Shares of Kotak Mahindra Bank are trading at Rs 1,737, down 7.13% today i.e. Monday, October 21. The company's shares have fallen 8.32% in the last 5 days, 9.58% in one month, 3.35% in 6 months and this year i.e. since January 1 till now, 8.37%. The private sector lender bank has given a return of only 0.49% in one year.
Shares of Kotak Mahindra Bank are trading at Rs 1,737, down 7.13% today i.e. Monday, October 21.
