Public Relations

Kotak Mahindra net surges 86% to Rs 299 cr

Private sector lender Kotak Mahindra Bank today reported 86.22 per cent rise in its net profit at 299.76 crore for the second quarter ended September 30, 2009, over the same period last year. - Zensar Technologies Q2 net stood at Rs 27.74 cr - GTL Q2 net up 31% at Rs 50.22 cr - Lupin: Steady growth">Lupin: Steady growth - Tata Steel net dips 50% to Rs 903 cr - Power Finance Corp net surges to Rs 329 cr - Madras Cements net jumps 50% to Rs 170 cr Total income rose to Rs 2,312.91 crore in the latest quarter ended September 30, 2009, up 25.05 per cent from Rs 1,849.51 crore in the same period corresponding fiscal, Kotak Mahindra Bank said in a filing to the Bombay Stock Exchange(BSE). On standalone basis, the bank reported a net profit of Rs 125.90 crore for the July-September quarter, jumped over two-folds to Rs 47.86 crore in the same period last fiscal. Shares of Kotak Mahindra Bank were trading at Rs 764.10 on the BSE, down 2.18 per cent from its previous close.

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