Lagatar24 Desk
Kotak Mahindra Bank announced its Q3 FY25 results on Saturday, showcasing a 10.25% year-over-year (YoY) rise in Profit After Tax (PAT) and a 14.75% increase in Net Interest Income (NII). However, the private lender reported a dip in total income, disappointing market expectations.
Profit After Tax (PAT)
•Q3 FY25 PAT: ₹4,701.02 crore, compared to ₹4,264.78 crore in Q3 FY24, reflecting a 10.25% YoY growth.
•Quarter-on-Quarter (QoQ) Decline: The PAT dipped 6.80% from ₹5,044.05 crore reported in Q2 FY25.
•9-Month PAT Growth: For the first nine months of FY25, PAT surged to ₹18,213.21 crore, up 41.45% from ₹12,876.01 crore in the same period of FY24.
Total Income
•Q3 FY25 Total Income: ₹23,945.79 crore, down from ₹24,083.15 crore in Q3 FY24 and ₹26,880.02 crore in Q2 FY25, indicating YoY and QoQ declines.
•9-Month Total Income: ₹94,273.91 crore, a robust 42% rise from ₹66,366.58 crore in the corresponding period of FY24.
Net Interest Income (NII)
•Q3 FY25 NII: ₹16,633.14 crore, up from ₹14,494.96 crore in Q3 FY24, marking a YoY growth of 14.75%.
•Sequential Growth: NII slightly increased from ₹16,426.97 crore in Q2 FY25.
Key Observations
1.Profit Growth Amid Income Decline:
Despite a dip in total income, the YoY rise in PAT demonstrates efficient cost management and strong interest income.
2.Strong Nine-Month Performance:
The bank’s 41.45% growth in nine-month PAT underscores its robust financial health, driven by higher interest income and operational efficiency.
3.Challenges Ahead:
The decline in total income, both QoQ and YoY, raises concerns about sustaining growth momentum in a competitive banking environment.
