Kotak Mahindra Bank Q3 Results: Consolidated net profit rises 10% YoY to ₹4,701 crore, NII grows 15%

Kotak Mahindra Bank declared its financial results for the third quarter of the current financial year (Q3 FY25) on Saturday, January 18, reporting a 10.22% increase in its consolidated net profit to ₹4,701 crore, up from ₹4,265 crore posted in the year-ago period. The private lender reported a net profit of ₹5,044 crore in the July-September quarter (Q2 FY25), resulting in a 6.8% dip in the reporting quarter.

The total income of the lender was at ₹23,945.79 crore, down from ₹26,880.02 crore reported in Q2FY25 and ₹24,083.15 crore in Q3FY24.

Kotak Mahindra Bank’s scrip ended 2.58% down at ₹1,759.05 apiece on the NSE. The market capitalisation of the company stood at ₹3,49,729.69 crore.

For the first nine months of the current financial year, Kotak Mahindra Bank's net profit stood at ₹18,213.21 crore against ₹12,876.01 crore in the year-ago period, resulting in a 41.45% jump. Total income for the same period increased to ₹94,273.91 crore, up 42% from ₹66,366.58 crore in Q3 FY24.

The bank’s net interest income for the October-December quarter of the current fiscal was at ₹16,633.14 crore, up from ₹14,494.96 crore in Q3FY24, marking a growth of 14.75%.

Standalone results for Q3

The bank’s standalone net profit rose to ₹3,304 crore, up from ₹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 ₹3,343 crore.

Total income of the lender increased to ₹16,050 crore from ₹14,096 crore in FY24, while the expenses were at ₹10,869 crore as compared to ₹9,530 crore in the year-ago period. The company’s gross non-performing assets ratio increased slightly to 1.50% from 1.49% in the last quarter.