Mumbai: Kotak Mahindra Bank Thursday reported 16 percent rise in its net profit at Rs 502.17 crore for the July-September period of the current fiscal.
The profit in the same quarter a year ago was Rs 432.58 crore.
The total income of the bank rose to Rs 4,035.75 crore in the quarter, up from Rs 2,740.84 crore in the year-ago period, the company said in a filing to BSE.
Income from other sources increased to Rs 1,425.97 crore from Rs 711.48 crore.
Net interest margin stood at 4.7 percent against 4.8 percent in the year ago period.
"Consolidated advances up 21 percent to Rs 61,255 crore as on September 30, 2012 from Rs 50,581 crore as on September 30, 2011," the filing said.
Shares of the bank on Thursday closed at Rs 625.65, up 0.85 percent from the previous close, on BSE.
First Published: Thursday, October 25, 2012, 17:57