Standalone PAT for Q3FY25 ₹ 3,305 crore, up 10% YoY
9MFY25 ₹ 10,168 crore, up 5% YoY
Mumbai: The Board of Directors of Kotak Mahindra Bank (the Bank) approved the unaudited standalone and consolidated results for the quarter ended December 31, 2024, at the Board meeting held in Mumbai, today.
Consolidated results at a glance
Consolidated PAT for Q3FY25 increased to ₹ 4,701 crore from ₹ 4,265 crore in Q3FY24, up 10% YoY and for 9MFY25 (before KGI divestment) increased to ₹ 14,180 crore from ₹ 12,876 crore in 9MFY24, up 10% YoY.
PAT of Bank and key subsidiaries given below:
|
PAT |
Q3FY25 |
Q3FY24 |
9MFY25 |
9MFY24 |
|
Kotak |
3,305 |
3,005 |
10,168 |
9,648 |
|
Kotak |
448 |
306 |
1,293 |
849 |
|
Kotak Trustee |
240 |
146 |
612 |
375 |
|
Kotak |
218 |
239 |
718 |
666 |
|
Kotak |
164 |
140 |
697 |
579 |
|
Kotak |
107 |
157 |
386 |
386 |
|
Kotak |
94 |
35 |
265 |
117 |
|
BSS |
(50) |
104 |
17 |
307 |
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 ₹ 152,878 crore (including increase in reserves due to RBI`s Master Direction on Bank`s investment valuation of ₹ 5,654 crore and gain on KGI divestment of ₹ 2,730 crore). The Book Value per Share at December 31, 2024 was ₹ 769 (₹ 627 at December 31, 2023).
Consolidated Customer Assets which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes grew to ₹ 519,126 crore as at December 31, 2024 from ₹ 451,524 crore as at December 31, 2023, up 15% YoY.
Total Assets Under Management as at December 31, 2024 were ₹ 686,197 crore up 29% YoY over ₹ 533,365 crore as at December 31, 2023. The Domestic MF Equity AUM increased by 39% YoY to ₹ 319,161 crore as at December 31, 2024.
Kotak Mahindra Bank standalone results
The Bank`s PAT for Q3FY25 increased to ₹ 3,305 crore from ₹ 3,005 crore in Q3FY24, up 10% YoY and PAT for 9MFY25 increased to ₹ 10,168 crore from ₹ 9,648 crore in 9MFY24, up 5% YoY.
Net Interest Income (NII) for Q3FY25 increased to ₹ 7,196 crore, from ₹ 6,554 crore in Q3FY24, up 10% YoY and for 9MFY25 increased to ₹ 21,058 crore, from ₹ 19,084 crore in 9MFY24, up 10% YoY.
Net Interest Margin (NIM) was 4.93% for Q3FY25.
Fees and services for Q3FY25 increased to ₹ 2,362 crore from ₹ 2,144 crore in Q3FY24, up 10% YoY and for 9MFY25 increased to ₹ 6,915 crore from ₹ 5,998 crore in 9MFY24, up 15% YoY.
Cost to income ratio was 47.24% for Q3FY25.
Operating profit for Q3FY25 increased to ₹ 5,181 crore from ₹ 4,566 crore in Q3FY24, up 13% YoY and for 9MFY25 increased to ₹ 15,534 crore from ₹ 14,126 crore, up 10% YoY.