Kotak Bank Q4 net profit falls 14% to ₹3,552 crore, board approves dividend of ₹2.5 per share
Kotak Mahindra Bank for the fourth quarter reported a 14% drop in standalone net profit at ₹3,552 crore as against ₹ 4,133 crore in the year ago period.
Net Interest Income (NII) for the fourth quarter increased 5% Year on Year (YoY) to ₹7,284 crore.
Net Interest Margin (NIM) for the quarter was at 4.97% as compared with 5.28% a year ago.
The board has recommended a dividend of ₹ 2.50 per equity share having face value
of ₹5, for FY25.
The bank's net profit for FY25 increased to ₹16,450 crore (including gain on divestment of KGI of ₹2,730 crore) from ₹13,782 crore in FY24, up 19% YoY.
Net profit for FY25 excluding gain on divestment of KGI stood at ₹13,720 crore, the bank said in a regulatory filing.
NII for FY25 increased to ₹28,342 crore, from ₹25,993 crore in FY24, up 9% YoY.
NIM for FY25 was 4.96% as compared with 5.32% in the previous year.
Advances increased 13% YoY to ₹444,316 crore as at March 31, 2025 from ₹391,729 crore as at March 31, 2024.
Unsecured retail advances (incl. retail microcredit) as a % of net advances stood at 10.5% as at March 31, 2025, the bank said.
Average total deposits grew to ₹4,68,486 crore for Q4FY25 compared to ₹4,08,321 crore for Q4FY24 up 15% YoY.
As at March 31, 2025, GNPA was 1.42% & NNPA was 0.31% (GNPA was 1.39% & NNPA was 0.34% at March 31, 2024).
As at March 31, 2025, Provision Coverage Ratio stood at 78%.
Capital Adequacy Ratio of the Bank, as per Basel III, as at March 31, 2025 was 22.2% and CET1 ratio of 21.1%, the bank said.
Consolidated net profit for FY25 increased to ₹ 22,126 crore (including gain on divestment of KGI of ₹3,013 crore) from ₹18,213 crore in FY24, up 21% YoY.
Consolidated net profit for FY25 excluding gain on divestment of KGI stood at ₹19,113 crore, up 5% YoY.
Consolidated net profit for Q4FY25 stood at ₹4,933 crore as compared with ₹5,337 crore a year ago, down 8%.
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