Kotak Mahindra Bank Share: After the results of July-September quarter, the shares of private sector lender Kotak Mahindra Bank have fallen by 7.13% today i.e. on Monday, October 21. The company’s shares are trading at Rs 1,737 with a fall of Rs 133.
The bank has earned 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 (Q2FY24) a year ago, the bank had made a profit of Rs 3191 crore.
Company’s NII increased by 11% in July-September
The private sector bank’s net interest income (NII) or core income rose 11% to Rs 7,020 crore in the July-September quarter. The bank’s interest income in the same quarter of the last financial year 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 has been an increase of 14% on annual basis. In the financial year 2023-24, the bank earned Rs 2026 crore from fees and service charges.
The bank’s operating profit 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 with a decline of 7.13% today i.e. Monday, October 21. The company’s stock has 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%. This private sector lender has given a return of only 0.49% in one year.
