Kotak Mahindra net profit dips 14% – Times of India


Mumbai: Kotak mahindra bankreported a 14% year-on-year decline in standalone net profit to Rs 3,552 crore for the quarter ended March 2025, as rising provisions and narrowing margins weighed on earnings. For the full year, standalone profit after tax rose 6% to Rs 13,720 crore, excluding a Rs 2,730 crore gain from the sale of a stake in its general insurance unit.Including the one-time gain, annual profit rose 19% to Rs 16,450 crore. The board proposed a dividend of Rs 2.5 per share.
On a consolidated basis, net profit for the March quarter dropped 8% to Rs 4,933 crore. For FY25, consolidated profit after tax rose 21% to Rs 22,126 crore, supported by a Rs 3,013 crore gain from the insurance divestment. Without this gain, profit was up 5% to Rs 19,113 crore.





Source link

support@headlinenews360.com

Related Posts

Trade closed between India-Pakistan, loss of crores to the enemy country. Paisa Live

Trade between India and Pakistan has always been limited, and it declined further after the Pulwama attack in 2019. After this attack, the two countries imposed several restrictions on trade…

‘Harming America’s textiles sector’: US slams ‘unfair trade practices’ by China, India and others – Times of India

United States Trade Representative The United States on Saturday called out multiple countries, among them China and India, over their “unfair trade practices” which it alleged were “harming” America’s textiles…

Leave a Reply

Your email address will not be published. Required fields are marked *