Kotak Mahindra Bank Q4 Results: Profit beats estimates, rises 26% YoY to Rs 3,496 cr; NII up 35%

Private sector lender Kotak Mahindra Bank on Saturday beat Street estimates by reporting 26.3% year-on-year (YoY) rise in its March quarter standalone net profit at Rs 3,495.6 crore while its net interest income (NII) jumped 35% YoY to Rs 6,102.6 crore. Kotak's net interest margin (NIM) increased to 5.75% vs 4.78% on a year-on-year basis. The bank's operating profit rose 39.14% YoY during the quarter to Rs 4,647.37 crore.