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Kotak Mahindra Bank Q1 Results FY2023, PAT at Rs. 2071 crores
Last Updated: 11th December 2022 - 09:54 am
On 23rd July 2022, Kotak Mahindra Bank announced its quarterly results for the first quarter of FY2023.
Q1FY23 Key Highlights:
- The bank’s Net Interest Income (NII) for the quarter grew by 19% to Rs. 4697 crore for Q1FY23 as against Rs. 3942 crores in Q1FY22.
- Gross NPAs were at 2.24% in Q1FY23 from 3.56% in Q1FY22
- Net NPAs as of June 30, 2022, improved to 0.62% against 0.64% as of June 30, 2021
- Kotak Mahindra Bank reported its PAT at Rs. 2071 crores with a yearly growth of 26% YoY.
- The total income went up at Rs. 5941 crores
- The operating profit declined at Rs. 2783 crores in Q1FY23 from Rs. 2890 crores in Q1FY22
Segment Revenue:
- The revenue from retail banking went up by 2% YoY with a revenue at Rs. 4240 crores.
- The Corporate banking revenue stood at Rs. 3517 crores with a growth of 11% YoY.
- The revenue from treasury segment stood at Rs. 1496 crores with a decline of 32% YoY.
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Tanushree Jaiswal
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