Kotak Mahindra Bank released its financial results for the third quarter of the current fiscal year (Q3 FY25) on Saturday, January 18.
As compared to the same period last year, the bank's consolidated net profit increased by 10.22 per cent to Rs 4,701 crore, from Rs 4,265 crore. The private lender experienced a 6.8 per cent decline in the reporting quarter, with a net profit of Rs 5,044 crore for the July-September quarter (Q2 FY25).
The lender made Rs 23,945.79 crore in total, which was less than the Rs 26,880.02 crore and Rs 24,083.15 crore recorded in Q2 FY25 and Q3 FY24, respectively.
Net profit Q3 FY25
Kotak Mahindra Bank's net profit for the first nine months of the current fiscal year was Rs 18,213.21 crore, a 41.45 per cent increase from Rs 12,876.01 crore during the same period last year. From Rs 66,366.58 crore in Q3 FY24 to Rs 94,273.91 crore for the same period, the total income grew by 42 per cent.
Exchange filling
Net interest income
The bank's net interest income increased by 14.75 per cent from Rs 14,494.96 crore in Q3 FY24 to Rs 16,633.14 crore in the October–December quarter of the current fiscal year.
Stock performance
The stock of Kotak Mahindra Bank closed 2.58 per cent lower on the NSE at Rs 1,759.05 per share. At Rs 3,49,729.69 crore, the company's market capitalization was total.
Standalone results
The bank’s standalone net profit rose to Rs 3,304 crore, up from Rs 3,005 crore in the same quarter last year. However, the profit for Q3 was marginally lower as compared to the July-September quarter’s figure of Rs 3,343 crore.
Total income of the lender increased to Rs 16,050 crore from Rs 14,096 crore in FY24, while the expenses were at Rs 10,869 crore as compared to Rs 9,530 crore in the year-ago period. The company’s gross non-performing assets ratio increased slightly to 1.50 per cent from 1.49 per cent in the last quarter.
