Kotak Mahindra Bank shares drop over 5% after Q1 profit falls 47.5% YoY to Rs 3,282 crore, GNPA at 1.48% vs 1.39% QoQ
Kotak Mahindra Bank shares tumbled over 5% on Monday after the private lender posted a sharp 47.5% year-on-year (YoY) drop in net profit for the quarter ended June 30, 2025 (Q1 FY26). As of 9:16 AM, the shares were trading 5.18% lower at Rs 2,014.50.
The bank reported a consolidated profit of ₹3,281.68 crore for the quarter, down from ₹6,249.82 crore in Q1 FY25, largely due to the absence of a one-time exceptional gain of ₹3,519.90 crore recorded in the same quarter last year.
Despite the profit decline, core business metrics remained steady. Net Interest Income (NII) rose 6% YoY to ₹7,259 crore, reflecting healthy lending activity and stable margins. Total income for the quarter stood at ₹16,916 crore, up from ₹15,675 crore a year ago.
Operating profit before provisions grew to ₹5,563.69 crore from ₹5,254.11 crore YoY. However, higher provisions and contingencies, which surged to ₹1,207.76 crore from ₹578.48 crore YoY, weighed on overall profitability.
Asset quality showed a slight deterioration sequentially. Gross NPAs rose to ₹6,637.70 crore (1.48%) from ₹5,477.15 crore (1.39%), while Net NPAs stood at ₹1,530.93 crore (0.34%) versus ₹1,376.33 crore (0.35%) in the previous quarter.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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