Kotak Mahindra Bank announces Q4FY08 Results

Kotak Mahindra Bank Ltd has announced the following results for the quarter & year ended March 31, 2008:

The Unaudited results for the Quarter ended March 31, 2008

The Bank has posted a net profit of Rs 692.08 million for the quarter ended March 31, 2008 as compared to Rs 372.59 million for the quarter ended March 31, 2007. Total Income has increased from Rs 5210.68 million for the quarter ended March 31, 2007 to Rs 8030.21 million for the quarter ended March 31, 2008.

The Audited results for the Year ended March 31, 2008

The Bank has posted a net profit of Rs 2939.33 million for the year ended March 31, 2008 as compared to Rs 1413.66 million for the year ended March 31, 2007. Total Income has increased from Rs 16377.59 million for the year ended March 31, 2007 to Rs 29988.28 million for the year ended March 31, 2008.

The Consolidated results are as follows:

The Unaudited consolidated results for the Quarter ended March 31, 2008

The Group has posted a profit after tax of Rs 2401.00 million for the quarter ended March 31, 2008 as compared to Rs 1703.30 million for the quarter ended March 31, 2007. Total Income has increased from Rs 14232.77 million for the quarter ended March 31, 2007 to Rs 18625.08 million for the quarter ended March 31, 2008.

The Audited consolidated results for the Year ended March 31, 2008

The Group has posted a profit after tax of Rs 9912.27 million for the year ended March 31, 2008 as compared to Rs 5382.42 million for the year ended March 31, 2007. Total Income has increased from Rs 42939.53 million for the year ended March 31, 2007 to Rs 75493.91 million for the year ended March 31, 2008.