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Kotak Mahindra Bank slumps after Q4 PAT slides 14% YoY to Rs 3,552 cr

05-May-25 09:54 Hrs IST

However, total income rose 9.33% year on year (YoY) to Rs 16,712.23 crore in the quarter ended 31 March 2025.

Profit before tax stood at Rs 4,562.82 crore in the fourth quarter of FY25, down 12.21% from Rs 5,197.83 crore posted in the same quarter last year.

Net Interest Income (NII) for Q4 FY25 increased to Rs 7,284 crore, up 5% from Rs 6,909 crore recorded in Q4 FY24. Net interest margin (NIM) was 4.97% for Q4 FY25.

The bank's operating profit rose marginally to Rs 5,472 crore in Q4 FY25 as against Rs 5,462 crore posted in Q4 FY24.

Fees and services grew by 6% YoY to Rs 2,616 crore in the quarter ending 31 March 2025. Customers as of 31 March 2025 were at 5.3 crore as compared to Rs 5 crore as of 31 March 2024.

Customer assets, comprising advances (including IBPC and BRDS) and credit substitutes, increased by 13% YoY to Rs 4,77,855 crore as of 31 March 2025, compared to Rs 4,23,324 crore as of 31 March 2024. Within this, advances (including IBPC and BRDS) rose by 13% YoY to Rs 4,44,316 crore as of 31 March 2025, up from Rs 3,91,729 crore as of 31 March 2024.

On the asset quality front, the gross non-performing asset (GNPA) ratio was 1.42% as of 31 March 2025, compared to 1.50% as of 31 December 2024 and 1.39% as of 31 March 2024.

The net non-performing assets (NNPA) ratio was 0.31% as of 31 March 2025, compared to 0.41% as of 31 December 2024 and 0.34% as of 31 March 2024.

The provision coverage ratio stood at 78% in Q4 FY25. During the quarter, slippages were at Rs 1,488 crore from Rs 1,305 crore reported in the same period a year ago.

The capital adequacy ratio of the bank, as per Basel III, as at 31 March 2025, was 22.2%, and the CET1 ratio was 21.1%. Return on assets (ROA) for Q4 FY25 (annualized) was 2.19%.

On a consolidated basis, the bank's PAT for Q4 FY25 was Rs 4,932.76 crore, down 7.57% YoY from Rs 5,337.20 crore in Q4 FY24. At the consolidated level, the return on assets (ROA) for Q4 FY25 (annualized) was 2.73% and the return on equity (ROE) for Q3 FY25 (annualized) stood at 12.90%.

The bank's average liquidity coverage ratio stood at 135% for the quarter ending 31 March 2025.

Consolidated net worth as at 31 March 2025 was at Rs 157,395 crore (including an increase in reserves due to RBI's Master Direction on investment valuation of Rs 5,630 crore and gain on Kotak General Insurance (KGI) divestment of Rs 3,013 crore).

Total assets under management as at 31 March 2025 were Rs 669,885 crore, up 20% YoY from Rs 560,140 crore as at 31 March 2024. The domestic MF equity AUM increased by 27% YoY to Rs 313,084 crore as of 31 March 2025.

Meanwhile, the company's board has recommended a dividend of Rs 2.50 per equity share for the year ended 31 March 2025, subject to approval of shareholders.

Kotak Mahindra Bank is the flagship company of the Kotak Group and has diversified operations covering commercial vehicle financing, consumer loans, corporate finance, and asset reconstruction. Through its subsidiaries, the bank is engaged in investment banking, equity broking, securities-based lending, and car finance.