Kotak Mahindra Bank beats profit estimates on strong loan growth

Kotak Mahindra Bank beats profit estimates on strong loan growth. The bank reported a 15% YoY increase in net profit at ₹3,420 crore for Q4FY24, surpassing estimates of ₹3,200 crore. Strong retail loan growth and stable NIMs drove performance. Credit costs remained benign, aiding bottom-line growth.

📊 STOCKS: KOTAKBANK | 🏢 SECTOR: Banking | #HIGHIMPACT #Earnings