Kotak Mahindra Bank shares drop 3.5% after Q1 earnings
after close1 source ↓written by the desknot a recommendation
- to ₹376
- 3.5%
- YoY
- 26% increase
- to ₹7
- 9%
- YoY to ₹1
- 11%
Shares of Kotak Mahindra Bank fell 3.5% to ₹376 after reporting a net profit of ₹4,123 cr for Q1 FY27, a 26% increase YoY. Net interest income rose 9% to ₹7,928 cr, while net non-performing assets declined 11% YoY to ₹1,358 cr. Despite improved asset quality, key ratios weakened sequentially, impacting market sentiment.
Not investment advice. For informational purposes only.