Kotak Mahindra Bank Announces Results
Kotak Mahindra Bank Consolidated PAT for Q2FY25 ₹ 5,044 crore, up 13% YoY Standalone PAT for Q2FY25 ₹ 3,344 crore, up 5% YoY
Mumbai,19thOctober,2024:TheBoardofDirectorsofKotakMahindraBank(“theBank”)approved the unauditedstandaloneandconsolidatedresultsforthequarterandhalf-yearendedSeptember30,2024,atthe Board meeting held in Mumbai, today.
Consolidated results at a glance
ConsolidatedPATforQ2FY25was₹5,044crore,up13%YoYfrom₹4,461croreinQ2FY24. PAT of Bank and key subsidiaries given below:
| PAT(₹crore) | Q2FY25 | Q2FY24 |
| KotakMahindraBank | 3,344 | 3,191 |
| KotakSecurities | 444 | 324 |
| KotakMahindraLifeInsurance | 360 | 247 |
| KotakMahindraPrime | 269 | 208 |
| KotakAssetManagement&
TrusteeCompany |
197 | 124 |
| KotakMahindraInvestments | 141 | 126 |
| KotakMahindraCapitalCompany | 90 | 27 |
| BSSMicrofinance | 16 | 108 |
Attheconsolidatedlevel,ReturnonAssets(ROA)forQ2FY25(annualized)was2.53%(2.68%forQ2FY24). Return on Equity (ROE) for Q2FY25 (annualized) was 13.88% (14.99% for Q2FY24).
ConsolidatedCapitalAdequacyRatioasperBaselIIIasatSeptember30,2024was22.6%andCETIratiowas 21.7% (including unaudited profits).
ConsolidatedNetworthasatSeptember30,2024was₹147,214crore(includingincreaseinreservesdueto RBI’sMasterDirectiononBank’sinvestmentvaluationof₹4,777croreandgainonKGIdivestmentof₹2,730 crore).The Book Valueper Share at September 30, 2024was₹ 740 (₹ 605 at September 30, 2023).
ConsolidatedCustomerAssetswhichcomprisesAdvances(incl.IBPC&BRDS)andCreditSubstitutesgrewto
₹510,598croreasatSeptember30,2024from₹428,404croreasatSeptember30,2023,up19%YoY.
TotalAssetsUnderManagementasatSeptember30,2024were₹680,838croreup37%YoYover₹498,342 crore as at September 30, 2023.
KotakAssetManagement,the5thlargestAMCsawitsDomesticMFEquityAUMincreaseby60%YoYto₹319,161 crore as at September 30, 2024.
KotakMahindraBankstandaloneresults
The Bank’s PAT for Q2FY25 stood at ₹3,344 crore, up 5% YoY from ₹3,191 crore in Q2 FY24.
Net Interest Income(NII) for Q2 FY25 increased to ₹7,020 crore, from ₹6,297 crorein Q2FY24, up11% YoY . Net Interest Margin (NIM) was 4.91% for Q2FY25.
Fees and services forQ2FY25increasedto₹2,312crorefrom₹2,026croreinQ2FY24,up14%YoY. OperatingprofitforQ2FY25increasedto₹5,099crorefrom₹4,610croreinQ2FY24,up11%YoY. Customers as on September 30, 2024 were 5.2 cr (4.6 cr as on September 30, 2023).
CustomerAssets,whichcomprisesAdvances(incl. IBPC& BRDS)and CreditSubstitutes,increasedby18%YoY to
₹450,064croreasatSeptember30,2024from₹380,412croreasatSeptember30,2023.Advances(incl.IBPC &BRDS)increased17%YoYto₹419,108croreasatSeptember30,2024from₹357,012croreasatSeptember 30, 2023.
Unsecuredretailadvances(incl.retailmicrocredit)asa%ofnetadvancesstoodat11.3%asatSeptember30, 2024.
AverageTotalDepositsgrewto ₹446,110croreforQ2FY25comparedto₹ 385,950crore forQ2FY24up 16% YoY.AverageCurrentDepositsgrewto₹61,853croreforQ2FY25comparedto₹58,351croreforQ2FY24up6% YoY.AverageSavingsDepositsgrewto₹124,823croreforQ2FY25comparedto₹121,967croreforQ2FY24up 2%YoY.AverageTermDepositsgrewto₹259,434croreforQ2FY25comparedto₹205,632croreforQ2FY24up 26% YoY.
CASAratioasatSeptember30,2024stoodat43.6%(June30,2024at43.4%) TD sweep balance grew 41% YoY to ₹ 52,411 crore.
AsatSeptember30,2024,GNPAwas1.49%&NNPAwas0.43%(GNPAwas1.72%&NNPAwas0.37%at September 30, 2023).
CapitalAdequacyRatiooftheBank,asperBaselIII,asatSeptember30,2024was22.6%andCET1ratioof 21.5% (including unaudited profits).
StandaloneReturnonAssets(ROA)forQ2FY25(annualized)was2.17%(2.45%forQ2FY24).
