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Kotak Mahindra Bank Results: Latest Quarterly Results & Analysis

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Kotak Mahindra Bank Ltd. 28 Jul 2025 12:25 PM
Result PDF

Q1FY26 Quarterly Result Announced for Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank announced Q1FY26 results

Consolidated Financial Highlights:

  • Consolidated Customer Assets which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes grew to Rs 557,369 crore as at June 30, 2025, up 13% YoY from Rs 4,94,105 crore as at June 30, 2024.
  • Total Assets Under Management as at June 30, 2025 grew to Rs 7,50,143 crore , up 18% YoY from Rs 6,36,311 crore as at June 30, 2024. The Domestic MF Equity AUM increased by 22% YoY to Rs 3,57,323 crore as at June 30, 2025.
  • Consolidated Networth as at June 30, 2025 was Rs 1,64,903 crore. The Book Value per Share increased to Rs 829 as at June 30, 2025, up 17% YoY from Rs 710 as at June 30, 2024.
  • At the consolidated level, Return on Assets (ROA) for Q1FY26 (annualized) was 2.03%. Return on Equity (ROE) for Q1FY26 (annualized) was 11.13%.
  • Consolidated Capital Adequacy Ratio as per Basel III as at June 30, 2025 was 23.7% and CET I ratio was 22.7% (including unaudited profits).
  • Average Liquidity Coverage Ratio stood at 138% for Q1FY26.

Standalone Financial Highlights:

  • Average advances (incl. IBPC & BRDS) for Q1FY26 grew at 14% YoY
  • Net Advances increased 14% YoY to Rs 4,44,823 crore as at June 30, 2025 from Rs 3,89,957 crore as at June 30, 2024.
  • Average Total Deposits grew to Rs 4,91,998 crore for Q1FY26, up 13% YoY from Rs 4,35,603 crore for Q1FY25.
  • Net Interest Margin (NIM) was 4.65% for Q1FY26
  • Operating profit for Q1FY26 increased to Rs 5,564 crore, up 6% YoY from Rs 5,254 crore in Q1FY25.
  • The Bank’s PAT for Q1FY26 stood at Rs 3,282 crore (Rs 3,520 crore in Q1FY25 excluding gain of KGI divestment).
  • Standalone Return on Assets (ROA) for Q1FY26 (annualized) was 1.94%. Return on Equity (ROE) for Q1FY26 (annualized) was 10.94%.
  • Capital Adequacy Ratio of the Bank, as per Basel III, as at June 30, 2025 was 23.0% and CET1 ratio of 21.8% (including unaudited profits)

Result PDF

Result PDF

Kotak Mahindra Bank announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Consolidated PAT for Q4FY25 stood at Rs 4,933 crore (Rs 5,337 crore in Q4FY24).
  • ROA for Q4FY25 (annualized) was 2.36%.
  • ROE for Q4FY25 (annualized) was 12.90%.

FY25 Financial Highlights:

  • Consolidated PAT for FY25 increased to Rs 22,126 crore (including gain on divestment of KGI of Rs 3,013 crore) from Rs 18,213 crore in FY24, up 21% YoY
  • At the consolidated level, Return on Assets (ROA) for FY25 was 2.73% (including gains on KGI) and 2.36% (excluding gains on KGI).
  • Return on Equity (ROE) for FY25 was 15.19% (including gains on KGI) and 13.12% (excluding gains on KGI).
  • Consolidated Networth as at March 31, 2025 was Rs 157,395 crore (including increase in reserves due to RBI’s Master Direction on investment valuation of Rs 5,630 crore and gain on KGI divestment of Rs 3,013 crore).
  • The Book Value per Share as at March 31, 2025 was Rs 792, up 21% YoY from Rs 653 at March 31, 2024.
  • Consolidated Customer Assets which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes grew to Rs 537,860 crore as at March 31, 2025 from Rs 479,169 crore as at March 31, 2024, up 12% YoY.
  • Total Assets Under Management as at March 31, 2025 grew to Rs 669,885 crore, up 20% YoY from Rs 560,140 crore as at March 31, 2024.
  • The Domestic MF Equity AUM increased by 27% YoY to Rs 313,084 crore as at March 31, 2025.
  • Consolidated Capital Adequacy Ratio as per Basel III as at March 31, 2025 was 23.3% and CET I ratio was 22.3%.

Result PDF

Kotak Mahindra Bank announced 9MFY25 & Q3FY25 results

Standalone Financial Highlights:

  • The Bank’s PAT for Q3FY25 increased to Rs 3,305 crore from Rs 3,005 crore in Q3FY24, up 10% YoY and PAT for 9MFY25 increased to Rs 10,168 crore from Rs 9,648 crore in 9MFY24, up 5% YoY.
  • Net Interest Income (NII) for Q3FY25 increased to Rs 7,196 crore, from Rs 6,554 crore in Q3FY24, up 10% YoY and for 9MFY25 increased to Rs 21,058 crore, from Rs 19,084 crore in 9MFY24, up 10% YoY. Net Interest Margin (NIM) was 4.93% for Q3FY25.
  • Fees and services for Q3FY25 increased to Rs 2,362 crore from Rs 2,144 crore in Q3FY24, up 10% YoY and for 9MFY25 increased to Rs 6,915 crore from Rs 5,998 crore in 9MFY24, up 15% YoY.
  • Cost to income ratio was 47.24% for Q3FY25.
  • Operating profit for Q3FY25 increased to Rs 5,181 crore from Rs 4,566 crore in Q3FY24, up 13% YoY and for 9MFY25 increased to Rs 15,534 crore from Rs 14,126 crore, up 10% YoY.
  • Customers as on December 31, 2024 were 5.2 cr (4.8 cr as on December 31, 2023).
  • Customer Assets, which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes, increased by 15% YoY to Rs 459,436 crore as at December 31, 2024 from Rs 400,759 crore as at December 31, 2023. Advances (incl. IBPC & BRDS) increased 16% YoY to Rs 433,386 crore as at December 31, 2024 from Rs 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 Rs 458,614 crore for Q3FY25 compared to Rs 398,908 crore for Q3FY24 up 15% YoY. Average Current Deposits grew to Rs 66,589 crore for Q3FY25 compared to Rs 59,337 crore for Q3FY24 up 12% YoY. Average Savings Deposits grew to Rs 124,282 crore for Q3FY25 compared to Rs 123,227 crore for Q3FY24 up 1% YoY. Average Term Deposits grew to Rs 267,743 crore for Q3FY25 compared to Rs 216,344 crore for Q3FY24 up 24% YoY.
  • CASA ratio as at December 31, 2024 stood at 42.3%.
  • Credit to Deposit ratio as at December 31, 2024 stood at 87.4%.
  • TD sweep balance grew 31% YoY to Rs 54,797 crore. 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%.
  • 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).
  • Standalone Return on Assets (ROA) for Q3FY25 (annualized) was 2.10% (2.20% for Q3FY24).

Consolidated Financial Highlights:

  • Consolidated PAT for Q3FY25 increased to Rs 4,701 crore from Rs 4,265 crore in Q3FY24, up 10% YoY and for 9MFY25 (before KGI divestment) increased to Rs 14,180 crore from Rs 12,876 crore in 9MFY24, up 10% YoY.
  • At the consolidated level, Return on Assets (ROA) for Q3FY25 (annualized) was 2.30% (2.46% for Q3FY24). Return on Equity (ROE) for Q3FY25 (annualized) was 12.43% (13.83% for Q3FY24).
  • 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).
  • As at December 31, 2024, Average Liqudity Coverage Ratio stood at 132%.
  • Consolidated Networth as at December 31, 2024 was Rs 152,878 crore (including increase in reserves due to RBI’s Master Direction on Bank’s investment valuation of Rs 5,654 crore and gain on KGI divestment of Rs 2,730 crore). The Book Value per Share at December 31, 2024 was Rs 769 (Rs 627 at December 31, 2023).
  • Consolidated Customer Assets which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes grew to Rs 519,126 crore as at December 31, 2024 from Rs 451,524 crore as at December 31, 2023, up 15% YoY.
  • Total Assets Under Management as at December 31, 2024 were Rs 686,197 crore up 29% YoY over Rs 533,365 crore as at December 31, 2023. The Domestic MF Equity AUM increased by 39% YoY to Rs 319,161 crore as at December 31, 2024.

Result PDF

Kotak Mahindra Bank announced Q2FY25 results

Standalone Financial Highlights:

  • The Bank’s PAT for Q2FY25 stood at Rs 3,344 crore, up 5% YoY from Rs 3,191 crore in Q2FY24.
  • Net Interest Income (NII) for Q2FY25 increased to Rs 7,020 crore, from Rs 6,297 crore in Q2FY24, up 11% YoY. Net Interest Margin (NIM) was 4.91% for Q2FY25.
  • Fees and services for Q2FY25 increased to Rs 2,312 crore from Rs 2,026 crore in Q2FY24, up 14% YoY.
  • Operating profit for Q2FY25 increased to Rs 5,099 crore from Rs 4,610 crore in Q2FY24, up 11% YoY.
  • Customers as on Q2FY25 were 5.2 crore (4.6 crore as on September 30, 2023).
  • Customer Assets, which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes, increased by 18% YoY to Rs 450,064 crore as at Q2FY25 from Rs 380,412 crore as at September 30, 2023. Advances (incl. IBPC & BRDS) increased 17% YoY to Rs 419,108 crore as at Q2FY25 from Rs 357,012 crore as at September 30, 2023.
  • Unsecured retail advances (incl. retail microcredit) as a % of net advances stood at 11.3% as at Q2FY25.
  • Average Total Deposits grew to Rs 446,110 crore for Q2FY25 compared to Rs 385,950 crore for Q2FY24 up 16% YoY.
  • Average Current Deposits grew to Rs 61,853 crore for Q2FY25 compared to Rs 58,351 crore for Q2FY24 up 6% YoY.
  • Average Savings Deposits grew to Rs 124,823 crore for Q2FY25 compared to Rs 121,967 crore for Q2FY24 up 2% YoY.
  • Average Term Deposits grew to Rs 259,434 crore for Q2FY25 compared to Rs 205,632 crore for Q2FY24 up 26% YoY.
  • CASA ratio as at Q2FY25 stood at 43.6% (June 30, 2024 at 43.4%).
  • TD sweep balance grew 41% YoY to Rs 52,411 crore.
  • As at Q2FY25, GNPA was 1.49% & NNPA was 0.43% (GNPA was 1.72% & NNPA was 0.37% at September 30, 2023).
  • Capital Adequacy Ratio of the Bank, as per Basel III, as at Q2FY25 was 22.6% and CET1 ratio of 21.5% (including unaudited profits).
  • Standalone Return on Assets (ROA) for Q2FY25 (annualized) was 2.17% (2.45% for Q2FY24).

Consolidated Financial Highlights:

  • Consolidated PAT for Q2FY25 was Rs 5,044 crore, up 13% YoY from Rs 4,461 crore in Q2FY24.
  • Return on Assets (ROA) for Q2FY25 (annualized) was 2.53% (2.68% for Q2FY24). Return on Equity (ROE) for Q2FY25 (annualized) was 13.88% (14.99% for Q2FY24).
  • Consolidated Capital Adequacy Ratio as per Basel III as at Q2FY25 was 22.6% and CET I ratio was 21.7% (including unaudited profits).
  • Consolidated Networth as at Q2FY25 was Rs 147,214 crore (including increase in reserves due to RBI’s Master Direction on Bank’s investment valuation of Rs 4,777 crore and gain on KGI divestment of Rs 2,730 crore). The Book Value per Share at Q2FY25 was Rs 740 (Rs 605 at September 30, 2023).
  • Consolidated Customer Assets which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes grew to Rs 510,598 crore as at Q2FY25 from Rs 428,404 crore as at September 30, 2023, up 19% YoY.
  • Total Assets Under Management as at Q2FY25 were Rs 680,838 crore up 37% YoY over Rs 498,342 crore as at September 30, 2023.
  • Kotak Asset Management, the 5th largest AMC saw its Domestic MF Equity AUM increase by 60% YoY to Rs 319,161 crore as at Q2FY25.

Result PDF

Kotak Mahindra Bank announced Q1FY25 results:

Consolidated:

  • Consolidated PAT for Q1FY25 was Rs 7,448 crore, up 79% YoY from Rs 4,150 crore in Q1FY24.
  • Consolidated PAT for Q1FY25 excluding gains (net of tax) of Rs 3,013 crore (on divestment of stake in Kotak
  • General Insurance) stood at Rs 4,435 crore.
  • At the consolidated level, Return on Assets (ROA) for Q1FY25 (annualized) was 3.87% (2.63% for Q1FY24).
  • ROA for Q1FY25 (annualized) excluding gains on divestment of stake in Kotak General Insurance stood at 2.30%. At the consolidated level, Return on Equity (ROE) for Q1FY25 (annualized) was 22.04% (14.62% for Q1FY24).
  • ROE for Q1FY25 (annualized) excluding gains on divestment of stake in Kotak General Insurance stood at 13.12%.
  • Consolidated Capital Adequacy Ratio as per Basel III as at June 30, 2024 was 22.8% and CET I ratio was 21.9% (including unaudited profits).
  • Consolidated Networth as at June 30, 2024 was Rs 1,41,165 crore (including impact of Rs 3,414 crore increase in reserves on implementation of RBI Directions). The Book Value per Share was Rs 710.
  • Consolidated Customer Assets which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes grew to Rs 4,94,105 crore as at June 30, 2024 from Rs 4,05,775 crore as at June 30, 2023, up 22% YoY
  • Total Assets Under Management as at June 30, 2024 were Rs 6,36,311 crore up 36% YoY over Rs 4,66,878 crore as at June 30, 2023. The Domestic MF Equity AUM increased by 64% YoY to Rs 2,93,167 crore as at June 30, 2024.

Standalone:

  • The Bank’s PAT for Q1FY25 stood at Rs 6,250 crore, up 81% YoY from Rs 3,452 crore in Q1FY24. Bank’s PAT for Q1FY25 excluding gains (net of tax) of Rs 2,730 crore (on divestment of stake in Kotak General Insurance) stood at Rs 3,520 crore.
  • Net Interest Income (NII) for Q1FY25 increased to Rs 6,842 crore, from Rs 6,234 crore in Q1FY24, up 10% YoY. Net Interest Margin (NIM) was 5.02% for Q1FY25.
  • Fees and services for Q1FY25 increased to Rs 2,240 crore from Rs 1,827 crore in Q1FY24, up 23% YoY.
  • Operating profit for Q1FY25 increased to Rs 5,254 crore from Rs 4,950 crore in Q1FY24, up 6% YoY.
  • Customers as at June 30, 2024 were 5.1 crore (4.3 crore as at June 30, 2023).
  • Advances (incl. IBPC & BRDS) increased 20% YoY to Rs 4,05,957 crore as at June 30, 2024 from Rs 3,37,031 crore as at June 30, 2023. Customer Assets, which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes, increased by 20% YoY to Rs 4,35,827 crore as at June 30, 2024 from Rs 3,62,204 crore as at June 30, 2023.
  • Unsecured retail advances (incl. retail microcredit) as a % of net advances stood at 11.6% as at June 30, 2024.
  • Average Total Deposits grew to Rs 4,35,603 crore for Q1FY25 compared to Rs 3,61,295 crore for Q1FY24 up 21% YoY. Average Current Deposits grew to Rs 62,200 crore for Q1FY25 compared to Rs 59,431 crore for Q1FY24 up 5% YoY. Average Savings Deposits grew to Rs 1,22,105 crore for Q1FY25 compared to Rs 1,19,817 crore for Q1FY24 up 2% YoY. Average Term Deposits grew to Rs 2,51,298 crore for Q1FY25 compared to Rs 1,82,047 crore for Q1FY24 up 38% YoY.
  • CASA ratio as at June 30, 2024 stood at 43.4%.
  • TD sweep balance grew 66% YoY to Rs 48,179 crore.
  • As at June 30, 2024, GNPA was 1.39% & NNPA was 0.35% (GNPA was 1.77% & NNPA was 0.40% at June 30, 2023).
  • Capital Adequacy Ratio of the Bank, as per Basel III, as at June 30, 2024 was 22.4% and CET1 ratio of 21.3% (including unaudited profits).
  • Standalone Return on Assets (ROA) for Q1FY25 (annualized) was 4.22% (2.81% for Q1FY24). ROA for Q1FY25 (annualized) excluding gains on divestment of stake in Kotak General Insurance stood at 2.38%.

Result PDF

Kotak Mahindra Bank  announced Q2FY24 results:

1. Financial performance:
- The Bank's standalone PAT for Q2FY24 stood at Rs 3,191 crore, up 24% YoY.
- Net Interest Income (NII) increased to Rs 6,297 crore, up 23% YoY.
- Fees and services increased to Rs 2,026 crore, up 24% YoY.
- Operating profit for Q2FY24 was Rs 4,610 crore, up 29% YoY.
- Advances increased 21% YoY to Rs 3,57,012 crore.
- Unsecured retail advances as a % of net advances stood at 11.0%.
- CASA ratio stood at 48.3%.
- GNPA was 1.72% & NNPA was 0.37% (as at September 30, 2023).
- Capital Adequacy Ratio was 21.7% and CET I ratio was 20.6%.

2. Customer growth and assets:
- Customers as at September 30, 2023 were 45.8 million.
- Customer Assets increased by 18% YoY to Rs 3,80,412 crore.
- Total assets managed/advised by the Group were Rs 4,98,342 crore.

3. Consolidated results:
- Consolidated PAT for Q2FY24 was Rs 4,461 crore, up 24% YoY.
- Return on Assets (ROA) was 2.68% and Return on Equity (ROE) was 14.99%.
- Consolidated Capital Adequacy Ratio as per Basel III was 22.9% and CET I ratio was 21.9%.
- Consolidated Capital and Reserves & Surplus as at September 30, 2023 was Rs 1,20,737 crore.
- Consolidated Customer Assets grew by 19% YoY to Rs 4,28,404 crore.
 

 

 

Result PDF

Kotak Mahindra Bank announced Q1FY24 results:

  • Consolidated Q1FY24:
    • PAT for Q1FY24 was Rs 4,150 crore, up 51% YoY from Rs 2,755 crore in Q1FY23
    • Return on Assets (ROA) for Q1FY24 (annualized) was 2.63% (2.04% for Q1FY23).
    • Return on Equity (ROE) for Q1FY24 (annualized) was 14.62% (11.22% for Q1FY23).
    • Capital Adequacy Ratio as per Basel III as at June 30, 2023 was 23.3% and CET I ratio was 22.3% (including unaudited profits).
    • Capital and Reserves & Surplus as at June 30, 2023 was Rs 1,16,500 crore (Rs 1,00,078 crore as at June 30, 2022). The Book Value per Share was Rs 584.
    • Customer Assets which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes grew by 19% YoY from Rs 3,39,606 crore as at June 30, 2022 to Rs 4,05,775 crore as at June 30, 2023.
    • Total assets managed / advised by the Group as at June 30, 2023 were Rs 4,66,878 crore up 23% YoY over Rs 3,78,474 crore as at June 30, 2022. The Alternate Assets’ AUM (includes undrawn commitments, wherever applicable) increased by 90% YoY to Rs 46,443 crore as at June 30, 2023.
  • Standalone Q1FY24:
    • The Bank’s PAT for Q1FY24 stood at Rs 3,452 crore, up 67% YoY from Rs 2,071 crore in Q1FY23.
      Net Interest Income (NII) for Q1FY24 increased to Rs 6,234 crore, from Rs 4,697 crore in Q1FY23, up 33% YoY.
    • Net Interest Margin (NIM) was 5.57% for Q1FY24.
    • Fees and services for Q1FY24 increased to Rs 1,827 crore from Rs 1,528 crore in Q1FY23, up 20% YoY.
    • Operating profit for Q1FY24 was Rs 4,950 crore, up 78% YoY (Q1FY23: Rs 2,783 crore).
    • Customers as at June 30, 2023 were 43.5 million (34.5 million as at June 30, 2022).
    • Advances (incl. IBPC & BRDS) increased 19% YoY to Rs 3,37, 031 crore as at June 30, 2023 from Rs 2,82,665 crore as at June 30, 2022. Customer Assets, which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes, increased by 18% YoY to Rs 3,62,204 crore as at June 30, 2023 from Rs 3,06,123 crore as at June 30, 2022.
    • Unsecured retail advances (incl. Retail Micro Finance) as a % of net advances stood at 10.7% as at June 30, 2023. (7.9% as at June 30, 2022).
    • CASA ratio as at June 30, 2023 stood at 49.0%.
    • Average Current deposits grew to Rs 59,431 crore for Q1FY24 compared to Rs 55,081 crore for Q1FY23 up 8%. Average Savings deposits stood at Rs 1,19,817 crore as at June 30, 2023 (Rs 1,21,521 crore as at June 30, 2022). Average Term deposit up 40% from Rs 1,30,035 crore for Q1FY23 to Rs 1,82,047 crore for Q1FY24.
    • ActivMoney was launched in Q1FY24 and TD sweep balance grew 24% QoQ (non-annualised) to Rs 28,990 crore.
    • As at June 30, 2023, GNPA was 1.77% & NNPA was 0.40% (GNPA was 2.24% & NNPA was 0.62% at June 30, 2022). The provision coverage ratio stood at 78.0%.
    • Capital Adequacy Ratio of the Bank, as at June 30, 2023 was 22.0% and CET I ratio of 20.9% (including
      unaudited profits).

 

 

Result PDF

Kotak Mahindra Bank announced Q4FY23 & FY23 results:

  • Q4FY23:
    • PAT for Q4FY23 stood at Rs 3,496 crore, up 26% YoY from Rs 2,767 crore in Q4FY22
    • Net Interest Income(NII) for Q4FY23 increased to Rs 6,103 crore, from Rs 4,521 crore in Q4FY22, up 35% YoY
    • Net Interest Margin (NIM) was 5.75% for Q4FY23
    • Fees and services for Q4FY23 increased to Rs 1,928 crore from Rs 1,575 crore in Q4FY22 , up 22% YoY
    • Operating profit for Q4FY23 was Rs 4,647 crore, up 39% YoY (Q4FY22: Rs 3,340 crore)
    • Net customer additions in Q4FY23 were 2.2 million
  • FY23:
    • PAT for FY23 increased to Rs 10,939 crore from Rs 8,573 crore in FY22, up 28% YoY
    • NII for FY23 increased to Rs 21,552 crore, from Rs 16,818 crore in FY22, up 28% YoY
    • Net Interest Margin (NIM) was 5.33% for FY23
    • Fees and services for FY23 increased to Rs 6,790 crore from Rs 5,413 crore in FY22, up 25% YoY
    • Operating profit for FY23 increased to Rs 14,848 crore from Rs 12,051 crore, up 23% YoY
    • Customer Assets, which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes, increased by 19% YoY to Rs 3,52,652 crore as at March 31, 2023, from Rs 2,95,273 crore as at March 31, 2022
    • Net Advances increased by over 18% to Rs 3,19,861 crore as at March 31, 2023, from Rs 2,71,254 crore as at March 31, 2022
    • CASA ratio as at March 31, 2023 stood at 52.8%.
    • Capital Adequacy Ratio of the Bank, as at March 31, 2023 was 21.8% and CET I ratio of 20.6%
  • The Board of Directors of the Bank has recommended a dividend of Rs 1.50 per equity share having face value of Rs 5, for the year ended March 31, 2023, subject to the approval of shareholders.

 

 

 

Result PDF

Kotak Mahindra Bank announced Q3FY23 rsults:

  • Standalone Q3FY23:
    • The Bank’s PAT for Q3FY23 stood at Rs 2,792 crore, up 31% from Rs 2,131 crore in Q3FY22 (Rs 2,581 in Q2FY23).
    • Net Interest Income (NII) for Q3FY23 increased to Rs 5,653 crore, from Rs 4,334 crore in Q3FY22, up 30% YoY. Net Interest Margin (NIM) was 5.47% for Q3FY23.
    • Fees and services for Q3FY23 was Rs 1,847 crore, up 23% YoY
    • Operating profit for Q3FY23 was Rs 3,850 crore, up 43% YoY (Q3FY22: Rs 2,701 crore).
    • Customers as at Q3FY23 were 39.0 mn (30.7 mn as at Q3FY22).
    • Customer Assets, which comprise Advances and Credit substitutes, increased by 24% to Rs 3,39,313 crore as at Q3FY23 from Rs 2,74,569 crore as at Q3FY22 (Rs 3,21,324 crore as at Q2FY23). Advances increased by over 23% to Rs 3,10,734 crore as at Q3FY23 from Rs 2,52,935 crore as at Q3FY22 (Rs 2,94,023 crore as at Q2FY23).
    • CASA ratio as at Q3FY23 stood at 53.3%
    • As at Q3FY23, COVID related provisions stood at Rs 400 crore. In accordance with COVID Resolution Framework announced by RBI, the Bank has standard restructured fund-based outstanding of Rs 281crore (0.09% of Advances). Under the MSME Resolution Framework, the Bank has standard restructured fund-based outstanding of Rs 484 crore (0.16% of Advances) as at Q3FY23.
    • As at Q3FY23, GNPA was 1.90% & NNPA was 0.43%. Credit cost on advances for Q3FY23 was 27 bps (annualised) (including standard provisioning; excluding reversal of COVID & restructuring). The provision coverage ratio stood at 77.6% .
    • Capital Adequacy Ratio of the Bank, as per Basel III, as at Q3FY23 was 21.7% and CET I ratio of 20.7% (including unaudited profits)
  • Consolidated Q3FY23:
    • Consolidated PAT for Q3FY23 was Rs 3,995 crore, up 17% from Rs 3,403 crore in Q3FY22 (Rs 3,608 crore for Q2FY23).
    • AUM (Policyholders’) of Kotak Mahindra Life Insurance as on Q3FY23 grew 15% YoY to Rs 56,643 crore.
    • At the consolidated level, the Return on Assets (ROA) (annualized) was 2.76% for Q3FY23 (2.60% for Q3FY22) and the Return on Equity (ROE) (annualized) was 15.04% for Q3FY23 (14.81% for Q3FY22)
    • Consolidated Capital Adequacy Ratio as per Basel III as at Q3FY23 was 23.2% and CET I ratio was 22.3%. (including unaudited profits)
    • Consolidated Capital and Reserves & Surplus as at Q3FY23 was Rs 1,07,670 crore (Rs 93,141 crore as at Q3FY22). The Book Value per Share was Rs 540.
    • Consolidated Customer Assets grew by 22% from Rs 3,09,042 crore as at Q3FY22 to Rs 3,77,400 crore as at Q3FY23.
    • Total assets managed / advised by the Group as at Q3FY23 were Rs 4,05,269 crore up 5% over Rs 3,86,465 crore as at Q3FY22.

 

Result PDF

Kotak Mahindra Bank announced Q2FY23 results:

  • Standalone:
    • The Bank’s PAT for Q2FY23 stood at Rs 2,581 crore, up 27% from Rs 2,032 crore in Q2FY22 (Rs 2,071 in Q1FY23).
    • Net Interest Income (NII) for Q2FY23 increased to Rs 5,099 crore, from Rs 4,021 crore in Q2FY22, up 27%. Net Interest Margin (NIM) was 5.17% for Q2FY23.
    • Fees and services for Q2FY23 was Rs 1,760 crore, up 24% YoY.
    • Operating profit for Q2FY23 was Rs 3,567 crore (Q2FY22: Rs 3,120 crore).
    • Customers as at September 30, 2022 were 36.6 million (28.5 million as at September 30, 2021).
  • Consolidated:
    • Consolidated PAT for Q2FY23 was Rs 3,608 crore, up 21% from Rs 2,989 crore in Q2FY22 (Rs 2,755 crore for Q1FY23).

 

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