Kotak Mahindra Bank Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:
The Bank has posted a net profit of Rs 1016.66 million for the quarter ended December 31, 2007 as compared to Rs 454.01 million for the quarter ended December 31, 2006. Total Income has increased from Rs 4525.32 million for the quarter ended December 31, 2006 to Rs 8871.90 million for the quarter ended December 31, 2007.
The Consolidated results are as follows:
Consolidated Profit after tax of Rs 3637.33 million for the quarter ended December 31, 2007 as compared to Rs 1695.77 million for the quarter ended December 31, 2006. Total Income has increased from Rs 11905.95 million for the quarter ended December 31, 2006 to Rs 24827.16 million for the quarter ended December 31, 2007.
January 21, 2008
Kotak Mahindra Q3FY08 Results
October 26, 2007
Kotak Mahindra Bank Q2 Results
Kotak Mahindra Bank Ltd has announced the following Unaudited results for the quarter ended September 30, 2007:
The Bank has posted a net profit of Rs 753.81 million for the quarter ended September 30, 2007 as compared to Rs 348.01 million for the quarter ended September 30, 2006. Total Income has increased from Rs 3576.40 million for the quarter ended September 30, 2006 to Rs 7141.64 million for the quarter ended September 30, 2007.
The Consolidated results are as follows:
Consolidated Profit after tax attributable to the Group of Rs 2414.55 million for the quarter ended September 30, 2007 as compared to Rs 939.01 million for the quarter ended September 30, 2006. Total Income has increased from Rs 9034.98 million for the quarter ended September 30, 2006 to Rs 18117.85 million for the quarter ended September 30, 2007.
October 15, 2007
Kotak Mahindra Bank allots shares to QIBs
Kotak Mahindra Bank Ltd has informed that the Allotment Committee of the Bank on October 15, 2007, has allotted 1,70,00,000 equity shares of Rs 10/- each of the Bank at a premium of Rs 940/- per share to Qualified Institutional Buyers.
The paid-up share capital of the Bank now stands at 343,950,052 equity shares of Rs 10/- each.
The aforesaid equity shares shall rank pari passu with the existing equity share capital of the Bank in all respects.
In this regards, the Bank has issued the following Press Release:
"Kotak Mahindra Bank has successfully raised Rs 1,615 crore (approximately US$ 410 million) by allotting 17,000,000 equity shares through a Qualified Institutional Placement (QIP).
The QIP issue was priced at Rs 950 per equity share. This represents 4.95% of the increased paid-up capital of the Bank. The Group net worth is n around Rs 5,000 crore.
The issue received good response from investors in all geographical regions including United States, Europe and Asia (including India). Investors in the QIP offering include ING Bank NV, Credit Agricole, State Bank of India, Blackrock Funds and Soros
Citigroup and Kotak Investment Banking acted as Joint Global Co-ordinators and Book Running Lead Managers for the offering."
