Kotak Mahindra Bank Q3 PAT rises 10% to ₹4,701 crore

Kotak Mahindra Bank Ltd. for the third quarter ended December 31, 2024 reported 10% growth in consolidated net profit at ₹4,701 crore as compared with ₹4,265 crore in the year ago period.

At the consolidated level, Return on Assets (ROA) for Q3FY25 (annualized) was 2.30% (2.46% for Q3FY24), the bank said in a regulatory filing.

Return on Equity (ROE) for Q3FY25 (annualized) was lower at 12.43% (13.83% for Q3FY24), it said.

Consolidated Capital Adequacy Ratio as per Basel III as at December 31, 2024 was 23.4% and CET I ratio was 22.5% (including unaudited profits).

Total Assets Under Management as at December 31, 2024 were ₹6,86,197 crore up 29% YoY over ₹5,33,365 crore as at December 31, 2023. The Domestic MF Equity AUM increased by 39% YoY to ₹319,161 crore as at December 31, 2024, the bank said in the filing.

On a standalone basis the bank’s PAT for Q3FY25 increased to ₹3,305 crore from ₹3,005 crore in Q3FY24, up 10% YoY.

Net Interest Income (NII) for Q3FY25 increased to ₹7,196 crore from ₹6,554 crore in Q3FY24, up 10% YoY.

Net Interest Margin (NIM) was 4.93% for Q3FY25.

Customer Assets, which comprises Advances and Credit Substitutes, increased by 15% YoY to ₹459,436 crore as at December 31, 2024 from ₹ 400,759 crore as at December 31, 2023.

Advances increased 16% YoY to ₹433,386 crore as at December 31, 2024 from ₹372,464 crore as at December 31, 2023.

Unsecured retail advances (incl. retail microcredit) as a % of net advances stood at 10.5% as at December 31, 2024.

Average Total Deposits grew to ₹4,58,614 crore for Q3FY25 compared to ₹3,98,908 crore for Q3FY24 up 15% YoY, the bank said.

As at December 31, 2024, GNPA was 1.50% & NNPA was 0.41% (GNPA was 1.73% & NNPA was 0.34% at December 31, 2023).

As at December 31, 2024, Provision Coverage Ratio stood at 73%, the bank said.

Capital Adequacy Ratio of the Bank, as per Basel III, as at December 31, 2024 was 22.8% and CET1 ratio of 21.7% (including unaudited profits).