Kotak Mahindra Bank consolidated Q1 net up

Mumbai, July 20: Kotak Mahindra Bank group has posted increase of 124.71 per cent in profit after tax attributable to Rs 104.43 crore for the quarter ended June 30, 2006 as compared to Rs 46.47 crore for the quarter ended June 30, 2005.

Announcing the results, the company said its total income has increased by 70.48 per cent to Rs 776.58 crore for June'06 quarter from Rs 455.51 crore in June '05 quarter.

The bank has registered 21.48 per cent increase in net profit after tax to Rs 23.90 crore for the quarter ended June 30, 2006 as compared to Rs 19.67 crore for the quarter ended June 30, 2005.

The total income has increased by 73.43 per cent to Rs 306.52 crore for June '06 quarter from Rs 176.73 crore in June '05 quarter.

UNI