Net profit of Kotak Mahindra Bank rose 16.90% to Rs 1574.48 crore in the quarter ended June 2018 as against Rs 1346.82 crore during the previous quarter ended June 2017. Total Operating Income rose 16.31% to Rs 6903.37 crore in the quarter ended June 2018 as against Rs 5935.15 crore during the previous quarter ended June 2017.

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Net profit of Kotak Mahindra Bank rose 12.29% to Rs 1024.94 crore in the quarter ended June 2018 as against Rs 912.73 crore during the previous quarter ended June 2017. Total Operating Income rose 17.70% to Rs 5479.70 crore in the quarter ended June 2018 as against Rs 4655.78 crore during the previous quarter ended June 2017.

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Meanwhile, the S&P BSE Sensex was down 70.26 points, or 0.19% to 36,303.18

On the BSE, 2.99 lakh shares were traded in the counter so far, compared with average daily volumes of 66,000 shares in the past two weeks. The stock had hit a high of Rs 1,412.35 and a low of Rs 1,335 so far during the day. The stock hit a record high of Rs 1,424 on 17 July 2018. The stock hit a 52-week low of Rs 962.30 on 29 August 2017.

The large-cap bank has equity capital of Rs 953.07 crore. Face value per share is Rs 5.

Kotak Mahindra Bank's net profit rose 12.29% to Rs 1024.94 crore on 19.44% increase in total income to Rs 6644.29 crore in Q1 June 2018 over Q1 June 2017. The banks operating profit increased to Rs 2033 crore in Q1 June 2018 from Rs 1596 crore in Q1 June 2017. Net Interest Income rose 15% to Rs 2583 crore in Q1 June 2018 over Q1 June 2017.

Gross non-performing assets (NPAs) stood at Rs 3899.45 crore as on 30 June 2018 from Rs 3825.38 crore as on 31 March 2018 and Rs 3726.62 crore as on 30 June 2017.

The ratio of gross NPAs to gross advances stood at 2.17% as on 30 June 2018 from 2.22% as on 31 March 2018 and 2.58% as on 30 June 2017.

The ratio of net NPAs to net advances stood at 0.86% as on 30 June 2018 from 0.98% as on 31 March 2018 and 1.25% as on 30 June 2017.

Capital adequacy ratio of the bank, including unaudited profits, as per Basel III, as on 30 June 2018 is 18.3% and Tier I ratio is 17.6%.

Kotak Mahindra Bank is one of the leading private sector banks in India. From commercial banking, to stock broking, mutual funds, insurance and investmentbanking, the group caters to the diverse financial needs of individuals and the corporate sector. As on 30 June 2018, the bank had a network of 1,391 branches and 2,231 ATMs.

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Kotak Mahindra Bank Ltd is up for a third straight session today. The stock is quoting at Rs 1410.25, up 1.47% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.1% on the day, quoting at 11034.15. The Sensex is at 36625.3, up 0.21%. Kotak Mahindra Bank Ltd has gained around 5.82% in last one month.

Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has gained around 1.67% in last one month and is currently quoting at 27026.55, down 0.08% on the day. The volume in the stock stood at 7.74 lakh shares today, compared to the daily average of 16.18 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 1410.35, up 1.41% on the day. Kotak Mahindra Bank Ltd is up 44.32% in last one year as compared to a 11.61% jump in NIFTY and a 12.82% jump in the Nifty Bank index.

The PE of the stock is 65.52 based on TTM earnings ending March 18.

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