Kotak Mahindra Bank Limited
KOTAKBANK.NS
₹390.50
▼ 0.61%
Kotak Mahindra Bank slipped 0.61% to ₹390.50 even as the private lender posted a robust set of first-quarter earnings, with consolidated net profit climbing 22.5% year-on-year to ₹5,480.46 crore from ₹4,472.18 crore. Standalone profit also rose sharply to ₹4,122.96 crore from ₹3,281.68 crore, while net interest income grew 9.2% to ₹7,928 crore. Margins held steady, with adjusted NIMs at 4.53% against 4.54% in the previous quarter, and asset quality improved further as gross NPAs eased to 1.18% as of June 30. The stock's dip on a day of otherwise strong earnings suggests investors may have already priced in the good numbers or booked profits into the print.
CAGR Performance
| 1 Year | 2 Years | 5 Years | 10 Years |
|---|---|---|---|
| -0.33% | 4.95% | 1.78% | 9.84% |
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