5Paisa, Kotak Mahindra Bank, banking stock, trending stock

This trending bank stock reports a 17% rise in Q4 consolidated net profit!

by 5paisa Research Team Last Updated: May 02, 2023 - 12:19 pm 864 Views
Listen icon

Company has given a 21.65% return over the past year.

Quarterly Performance:

Kotak Mahindra Bank has reported results for the fourth quarter and year ended March 31, 2023, on April 29, 2023.

On a consolidated basis, the bank recorded a 17.33% increase in net profit for the fourth quarter that ended March 31, 2023, to Rs 4,566.39 crore, up from Rs 3,891.82 crore for the same quarter the year before. In Q4FY23, the bank's total revenue climbed by 24.31% to Rs 20,730.88 crore from Rs 16,676.33 crore in the same period the previous year.

The bank recorded a 23.46% increase in net profit for the year ended March 31, 2023, from Rs 12,089.39 crore to Rs 14,925.01 crore on a consolidated basis.

When compared to the year ended March 31, 2022, the bank's total revenue increased by 25.16% to Rs 41,333.90 crore from Rs 33,024.74 crore for the year under review. While on a consolidated basis, the bank's total revenue grew by 16.18% or Rs 67,981.02 crore from Rs 58,513.50 crore.

Share Price Moment:

On April 28, 2023, the scrip closed at Rs 1937.70 at BSE and today opened at Rs 1928 and currently trading at Rs 1912.50 and till now it has touched a high and low of Rs 1936.75 and Rs 1901.20, respectively. So far 70,387 shares were traded on the counter at BSE.

The BSE group 'A' stock of face value of Rs 5 and it has touched a 52-week high of Rs 1997 and a 52-week low of Rs 1630.

About the Company: 

The Reserve Bank of India (RBI) granted the flagship firm of the group, Kotak Mahindra Finance Ltd., a licence to do banking activity in February 2003. With this clearance, Kotak Mahindra Financing Ltd became the first non-banking financing firm in India to transform into Kotak Mahindra Bank Ltd., making banking history. The bank is currently one of India's financial organisations with one of the fastest expanding financial sectors.

Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.

Share Market Today

How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Polymatech Electronics: ₹1,500 Crore IPO for Semiconductor Expansion

Polymatech Electronics, prominent semiconductor chip manufacturer based in Chennai, is gearing up for significant financial move with plans to launch₹1,500 cr initial public offering (IPO) by end of year. This IPO, double size initially envisaged, signifies company’s ambitious expansion strategy in semiconductor industry.

Vodafone Idea Sets Floor and Cap Prices for FPO Amid Market Speculation

In a major development, Vodafone Idea Ltd. has revealed the floor price and cap price, alongside the lot size, for its upcoming follow-on public offering (FPO). The telecom giant witnessed a decrease of more than 3.25% during early trading on Wednesday, settling at ₹12.51, thus holding a market capitalization exceeding ₹61,000 crore.

Bondada Engineering Share Price Surged by 1423.2%, Know Why?

Bondada Engineering, standout in integrated infrastructure sector, witnessed extraordinary surge in its share price, soaring by impressive 1423.2% since its debut on BSE SME platform in August 2023. Investors who were part of IPO allocation saw significant gains, potentially earning 18.3 lakhs in just over eight months.