Kotak Mahindra Bank has announced its audited standalone and consolidated financial results for the quarter and financial year ending on 31st March, 2025, showcasing a strong performance across business verticals.
The consolidated profit after tax (PAT) for the full year surged to Rs 22,126 crore, marking a 21 per cent increase year-on-year (YoY), which includes a gain of Rs 3,013 crore from the divestment of Kotak General Insurance (KGI).
Excluding this gain, the consolidated PAT stood at Rs 19,113 crore, reflecting a 5 per cent growth. PAT for the fourth quarter of FY25 was Rs 4,933 crore compared to Rs 5,337 crore in Q4FY24.
On a standalone basis, the Bank posted a PAT of Rs 16,450 crore for FY25, up 19 per cent from Rs 13,782 crore in FY24. Excluding the gain from the KGI divestment, the PAT was Rs 13,720 crore. For Q4FY25, the standalone PAT was Rs 3,552 crore, lower than Rs 4,133 crore in Q4FY24.
Key financial metrics showed robust growth:
- Net Interest Income (NII) for FY25 rose 9 per cent YoY to Rs 28,342 crore.
- Net Interest Margin (NIM) remained strong at 4.96 per cent for the year and 4.97 per cent for Q4.
- Fees and services income increased by 13 per cent YoY to Rs 9,530 crore.
Customer Assets (including IBPC and BRDS) grew 13 per cent YoY to Rs 477,855 crore, while advances reached Rs 444,316 crore. The Average Total Deposits for Q4FY25 stood at Rs 468,486 crore, growing 15 per cent YoY.
The bank’s asset quality remained stable with Gross NPA at 1.42 per cent and Net NPA at 0.31 per cent as of March 31, 2025. Provision Coverage Ratio stood at 78 per cent.
Kotak Mahindra Bank’s Return on Assets (ROA) for FY25 was 2.65 per cent (2.21 per cent excluding KGI gain), while Return on Equity (ROE) was 12.57 per cent (excluding KGI gain). Capital Adequacy Ratio, as per Basel III, stood at 22.2 per cent with a CET1 ratio of 21.1 per cent.
At the group level, Total Assets Under Management (AUM) reached Rs 669,885 crore, up 20 per cent YoY. Domestic mutual fund equity AUM grew 27 per cent to Rs 313,084 crore. The consolidated net worth rose to Rs 157,395 crore.
The Board of Directors has recommended a dividend of Rs 2.50 per equity share for FY25, subject to shareholder approval.
Kotak Mahindra Bank operates 2,148 branches and 3,295 ATMs across India and maintains a global presence through its offices in the UK, USA, Gulf Region, Singapore, and Mauritius.
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