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The Economic Times
The Economic Times
Business
Veer Sharma

Kotak Mahindra Bank shares fall over 3% despite Q1 profit growth. Analysts weigh in

Kotak Mahindra Bank Motilal Oswal Dolat Capital

Shares of Kotak Mahindra Bank declined 3.5% to Rs 376 on the BSE on Monday after the lender reported a standalone net profit of Rs 4,123 crore in the first quarter of FY27, marking a 26% jump from the year-ago period.

Net interest income increased 9% YoY to Rs 7,928 crore from Rs 7,259 crore, while the bank's net worth rose more than 14% YoY to Rs 1.4 lakh crore.

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