Kotak Mahindra Bank lost 0.33% to Rs 805 at 15:16 IST on BSE after net profit fell 6.65% to Rs 407.18 crore on 0.74% decline in total income to Rs 2552.96 crore in Q4 March 2014 over Q4 March 2013.
The Q4 result was announced during trading hours today, 30 April 2014.
Meanwhile, the S&P BSE Sensex was down 27.28 points or 0.12% at 22,438.91.
On BSE, so far 71,000 shares were traded in the counter as against average daily volume of 2.07 lakh shares in the past two weeks.
The stock was volatile. The stock lost as much as 1.44% at the day's low of Rs 796 so far during the day. The stock rose as much as 1.27% at the day's high of Rs 818 so far during the day.
Kotak Mahindra Bank (KMB)'s consolidated net profit declined 0.34% to Rs 663.31 crore on 8.96% growth in total income to Rs 4782.17 crore in Q4 March 2014 over Q4 March 2013.
KMB's ratio of gross non-performing assets (NPAs) to gross advances stood at 1.63% as on 31 March 2014 as against 1.68% as on 31 December 2013 and 1.27% as on 31 March 2013. The ratio of net NPAs to net advances stood at 0.88% as on 31 March 2014 as against 0.92% as on 31 December 2013 and 0.55% as on 31 March 2012.
KMB's consolidated net profit rose 12.63% to Rs 2464.99 crore on 8.31% growth in total income to Rs 17235.63 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).
Net interest margin (NIM) edged up to 4.97%, from 4.7% in FY 2013.
The bank's loans rose 8.2% to Rs 71693 crore as on 31 March 2014, from Rs 66258 crore as on 31 March 2013.
Kotak Mahindra group is one of India's leading financial services conglomerates.
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