*Kotak Mahindra Bank*, a part of the Kotak Mahindra group on a consolidated basis posted a decline of 64.01% in the net profit for the quarter ended December 2008.
During the quarter the profit stood at Rs 1,309.02 million as compared to Rs 3,637.323 million for the quarter ended Dec. 31, 2007. Meanwhile interest income decreased 32.14% from Rs 24,827.159 million for the quarter ended December 31, 2007 to Rs 16,847.455 million for the quarter ended December 31, 2008. The bank registered a steep drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the bank declined 30.04% to Rs 711.28 million from Rs 1,016.66 million in the same quarter previous year. Interest earned for the quarter rose 17.71% to Rs 8,035.19 million, while total income for the quarter rose marginally 2.86% to Rs 9,125.49 million, when compared with the prior year period. During the quarter, the bank reported earnings of Rs 2.06 a share, a drop of 30.87% over the prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* * Dec - 08* * Dec - 07* *%Change* *Interest Income* 8,035.19 6,826.51 17.71 *Net Profit* 711.28 1,016.66 (30.04) *Basic EPS* 2.06 2.98 (30.87) --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
