InvestorQ : What is the Kotak Mahindra Bank's quarter four result?
Riya Dwivedi made post

What is the Kotak Mahindra Bank's quarter four result?

Answer
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tanvi Patel answered.
1 year ago


Kotak Mahindra Bank, a private sector lender disclosed its quarter March 2019 result. It reported a 25% growth in net profit. It made a strong growth. The net profit showed an upward trend to ₹1,408 crore in the same quarter of the previous year (2018).

Kotak Mahindra Bank reported net interest income jumped to nearly ₹3,048 crore, from ₹2,580 approx. crore a year earlier. Bank's Gross non-performing assets (NPAs) showed its hike to nearly 2.14% and Net NPA ratio stood by 0.75%.
Other income increased over Rs. 1,270 crore if the quarter result is compared with 9approx) Rs. 1,151 crore a year ago.

Update for all investors, the board recommended a dividend of Rs. 0.80 per equity share for the year ended March, 2019.

By studying the above facts and figures I think that Kotak Mahindra bank stock can be expected to surge high as the quarter four result is out. But on the contrary, the increase in its total NPA may contribute negative growth in its stock. Today its stocks closed nearly to Rs. 1386.
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