Kotak Mahindra Bank (KMB) Shares Surge 4% Following Stellar Q4 Results: Is Now the Time to Invest?

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Kotak Mahindra Bank’s share price surged over 4% following the release of its impressive Q4 results.
The bank reported a year-on-year growth of 18.22% in standalone profit, with net interest income also rising by 13%.
Analysts have expressed optimism about the bank’s future performance, despite potential risks from RBI restrictions.

Kotak Mahindra Bank’s Q4 results exceed expectations, driving a surge in share price and positive reactions from financial analysts.

Kotak Mahindra Bank’s Q4 Performance

Kotak Mahindra Bank’s shares rallied 4.2% to ₹1,612.30 apiece on the BSE after the bank reported better than expected Q4 results. The bank’s standalone profit for the quarter ended March 2024 stood at ₹4,133.30 crore, marking a growth of 18.22% year-on-year (YoY). Additionally, its net interest income (NII) increased 13% YoY to ₹6,909 crore. The bank’s net interest margin (NIM) in Q4FY24 also rose to 5.28% from 5.22% in Q3FY24.

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