Kotak Mahindra Bank Q3 PAT down 64% to Rs131 cr

Kotak Mahindra Bank Q3 PAT down 64% to Rs131 cr
PTI
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First Published: Thu, Jan 22 2009. 03 27 PM IST
Updated: Thu, Jan 22 2009. 03 27 PM IST
Mumbai: Private sector lender Kotak Mahindra Bank on Thursday reported a 64% decline in its profit after tax (PAT) to Rs130.90 crore for the third quarter ended December 2008.
The bank had a PAT of Rs363.73 crore in the Q3 of fiscal 2008, Kotak Mahindra said in a filing to the Bombay Stock Exchange.
The bank’s total income fell by 32.14% to Rs1,684.75 crore during the quarter under review, from Rs2,482.72 crore in the year-ago period.
During the quarter the bank’s interest income rose 13.60% to Rs1,127.31 crore, from Rs992.32 crore in the same period last fiscal.
On a standalone basis, the private sector lender reported a net profit of Rs71.13 crore, and it had a total income of Rs912.55 crore during the December quarter.
For the nine-month ended December 2008, the bank reported a 41% decline in its PAT at Rs441.72 crore, and a total income of Rs5,011.51 crore.
Shares of Kotak Mahindra Bank were trading at Rs278.20, down 5.28% on the BSE.
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First Published: Thu, Jan 22 2009. 03 27 PM IST