Kotak Mahindra Bank Q1 Results FY2023, PAT at Rs. 2071 crores

Shreya Anaokar 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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Shreya Anaokar

Disclaimer: Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.

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