Kotak Mahindra Bank, one of the leading private sector lenders, has reported a rise of 11.28% in consolidated net profit on year-on-year basis to Rs 6.98 billion for the quarter ended Jun. 30, 2014.

Total income has increased by 15.55% to Rs 50.07 billion for the quarter ended Jun. 30, 2014 as compared to Rs 43.33 billion in the same period last year.

Interest earned during the quarter ended Jun. 30, 2014 is at Rs 31.35 billion, representing an increase of 5.33% y-o-y.

Consolidated advances up 13% to Rs 770.76 billion as on Jun. 30, 2014 from Rs 684.18 billion as on Jun. 30, 2013.

Consolidated NIM for Q1FY15 stood at 5.0%.  Consolidated capital adequacy ratio (CAR) including unaudited profits as per Basel III as on Jun. 30, 2014 is 18.8%. Tier 1 ratio is 17.9%.

Net NPA went up to 0.81% as on Jun. 30, 2014 from 0.80% as on Jun. 30, 2013.

Shares of the bank gained Rs 5.50, or 0.63%, to trade at Rs 876.90. The total volume of shares traded was 107,566 at the BSE (12.31 p.m., Wednesday).