Kotak Bank‘s net profit went up 5% in the second quarter of the financial year.

What Happened: The bank’s standalone net profit climbed/shrank to ₹3,343.7 crore in the quarter ended September, compared with the ₹3,190.97 crore it earned a year ago. The number was below analyst estimates of ₹3,520.6 crore.

Meanwhile, net interest income, which is the difference between interest earned on loans and interest paid on deposits, came in at ₹7,020 crore, 11% higher than the ₹6,296.64 crore it posted in the same period last year. The figure beat analysts’ expectations of ₹6,926.6 crore.

Net NPA (Non-Performing Assets) came in at 0.43%, increased from 0.37%, and the CASA (Current Account Savings Account) Ratio was at 43.6%, down from 48.3%.

See Also: Tata Consumer’s Net Profit Jumps 7.7% To ₹364 Cr, Revenue Misses Analysts’ Expectations

Key Numbers: The bank’s net interest margin at the end of the second quarter stood at 4.91%, lower than the 5.22% at the end of the same quarter last year. The figure fell short of estimates of 5.01%.

The lender’s pre-provision operating profit stood at ₹5,099 crore, compared with ₹4,610.11 crore a year ago.

Price Action: Ahead of earnings, Kotak Bank’s share price ended 0.7% higher at ₹1,871.85 on Friday. The stock has shed 1.95% so far this year.

Read Next: Zee Entertainment Shares Shoot Up 5% As Q2 Net Profit Jumps 61% To ₹209.5 Cr