Private sector lender Kotak Mahindra Bank on Saturday reported that its standalone profit after tax (PAT) for the quarter ended September 2024 rose 5% year-on-year (YoY) to Rs 3,344 crore from Rs 3,191 crore in Q2FY24.
The bank's net interest income (NII) for Q2FY25 increased 11% YoY to Rs 7,020 crore, from Rs 6,297 crore in the corresponding quarter of the previous financial year.
Its net interest margin (NIM) was 4.91% for Q2, lower from 5.22% recorded in Q2FY24.
As of September, GNPA rose to 1.49% from 1.72% YoY and net NPA also rose to 0.43% from 0.37% YoY.
Capital Adequacy Ratio of the bank, as per Basel III, as of September 2024 was 22.6% and CET1 ratio was 21.5% (including unaudited profits).
Standalone Return on Assets (ROA) for Q2FY25 (annualized) was 2.17% (2.45% for Q2FY24).
Kotak's total deposits grew 16% to Rs 446,110 crore while CASA ratio improved sequentially to 43.6% in Q2 vs 43.4% in Q1. Advances were up 17% YoY to Rs 419,108 crore.
On a consolidated level, Kotak's PAT rose 13% YoY to Rs 5,044 crore. The total assets under management as of September-end were Rs 680,838 crore up 37% YoY over Rs 498,342 crore in Q2 of FY24.
Kotak Securities' PAT improved to Rs 324 crore in Q2 vs Rs 400 crore YoY but its overall market share reduced to 11.6% from 12.2% YoY.
Kotak Mahindra AMC's PAT rose to Rs 197 crore vs Rs 124 crore sequentially while its AUM jumped 37% YoY to Rs 680,838 crore.
Kotak Mahindra Bank shares had ended 0.32% higher at Rs 1,869.80 on BSE on Friday.
The bank's net interest income (NII) for Q2FY25 increased 11% YoY to Rs 7,020 crore, from Rs 6,297 crore in the corresponding quarter of the previous financial year.
Its net interest margin (NIM) was 4.91% for Q2, lower from 5.22% recorded in Q2FY24.
As of September, GNPA rose to 1.49% from 1.72% YoY and net NPA also rose to 0.43% from 0.37% YoY.
Capital Adequacy Ratio of the bank, as per Basel III, as of September 2024 was 22.6% and CET1 ratio was 21.5% (including unaudited profits).
Standalone Return on Assets (ROA) for Q2FY25 (annualized) was 2.17% (2.45% for Q2FY24).
Kotak's total deposits grew 16% to Rs 446,110 crore while CASA ratio improved sequentially to 43.6% in Q2 vs 43.4% in Q1. Advances were up 17% YoY to Rs 419,108 crore.
On a consolidated level, Kotak's PAT rose 13% YoY to Rs 5,044 crore. The total assets under management as of September-end were Rs 680,838 crore up 37% YoY over Rs 498,342 crore in Q2 of FY24.
Kotak Securities' PAT improved to Rs 324 crore in Q2 vs Rs 400 crore YoY but its overall market share reduced to 11.6% from 12.2% YoY.
Kotak Mahindra AMC's PAT rose to Rs 197 crore vs Rs 124 crore sequentially while its AUM jumped 37% YoY to Rs 680,838 crore.
Kotak Mahindra Bank shares had ended 0.32% higher at Rs 1,869.80 on BSE on Friday.
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