Kotak Mahindra Bank Q4 Performance Overview

Kotak Mahindra Bank announced a 14% year-on-year decline in standalone net profit for the March quarter of FY25, totaling Rs 3,552 crore, down from Rs 4,133 crore in the same period last year.

Annual Financial Highlights

Despite the quarterly dip, the bank showcased a 19% increase in standalone net profit for the full financial year, reaching Rs 16,450 crore, bolstered by a one-time gain of Rs 2,730 crore from the divestment of Kotak General Insurance (KGI).

Revenue and Growth Metrics

The bank's net interest income for the quarter saw a 5% growth year-on-year to Rs 7,284 crore, with the annual figure rising by 9% to Rs 28,342 crore. The net interest margin remained stable at 4.97% for the quarter and 4.96% for the year.

Customer Assets and Deposits

Customer assets, including advances and credit substitutes, grew by 13% to Rs 4,77,855 crore, with advances alone amounting to Rs 4,44,316 crore by March 31, 2025. Average total deposits for the quarter increased by 15% to Rs 4,68,486 crore.

Consolidated Performance and Future Prospects

On a consolidated basis, the Kotak Mahindra Group reported a 21% increase in net profit for FY25, reaching Rs 22,126 crore. The group's total assets under management grew by 20% to Rs 6,69,885 crore. The Board has recommended a dividend of Rs 2.50 per equity share for FY25.