Kotak Mahindra Bank Q4 net up 6% at Rs 521 cr

Kotak Mahindra Bank reported a 6% increase in consolidated net profit at Rs 521 crore for the quarter ended March 2012 as against Rs 491 crore in the same period a year ago.

The total income jumped 43% to Rs 4,363 crore from Rs 3,049 crore in March 2011. The private lender's consolidated net profit rose 17% to Rs 1,832 crore for the financial year ended March 2012. In FY11, it was Rs 1,567 crore. The total income too was up 17.6% at Rs 12,937 crore as compared to Rs 10,997 crore in FY11.

The bank announced a dividend of Rs 0.60/share.

During afternoon trade, the bank's stock dipped 2.4% to Rs 564 on the BSE.