Kotak Mahindra Bank, one of the leading private sector lenders, has reported a rise of 23.20% in consolidated net profit on year-on-year basis to Rs 7.17 billion for the quarter ended Sept. 30, 2014. Analysts on average had predicted net profit of Rs 7.36 billion.
 
Total income has increased by 33.15% to Rs 49.20 billion for the quarter ended Sept. 30, 2014 as compared to Rs 36.95 billion in the same period last year.

Consolidated advances up 19% to Rs 814.18 billion as on Sept. 30, 2014 from Rs 682.26 billion as on Sept. 30, 2013.

Consolidated NIM for Q2FY15 stood at 5%. Consolidated capital adequacy ratio (CAR) including unaudited profits as per Basel III as on Sept. 30, 2014 is 17.9%. Tier 1 ratio is 17.1%.

Net NPA went up to 0.84% as on Sept. 30, 2014 from 0.80% as on Sept. 30, 2013.

Shares of the bank gained Rs 42.05, or 4.15%, to trade at Rs 1,056. The total volume of shares traded was 68,382 at the BSE (12.15 p.m., Wednesday).