Kotak Mahindra Bank Ltd's Q3FY25 Quarter Results
- 1d ago
Result Summary
- Kotak Mahindra Bank Ltd reported a 10.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 0.6%.
- Its expenses for the quarter were down by 13.6% QoQ and 6.2% YoY.
- The net profit decreased 6.8% QoQ and increased 10.2% YoY.
- The earnings per share (EPS) of Kotak Mahindra Bank Ltd stood at 23.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 23945.79 | 26880.02 | 24083.15 | -10.9% | -0.6% |
Total Expenses | 16711.54 | 19342.80 | 17807.56 | -13.6% | -6.2% |
Provisions & contingencies | 1054.17 | 890.36 | 662.00 | 18.4% | 59.2% |
Profit Before Tax | 6180.08 | 6646.86 | 5613.59 | -7.0% | 10.1% |
Tax | 1540.45 | 1649.08 | 1411.20 | -6.6% | 9.2% |
Profit After Tax | 4701.02 | 5044.05 | 4264.78 | -6.8% | 10.2% |
Earnings Per Share | 23.60 | 25.40 | 21.50 | -7.1% | 9.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Kotak Mahindra Bank Ltd is a prominent financial services conglomerate in India, primarily engaged in offering a comprehensive range of banking and financial services. It operates within the banking industry and provides various products and services including personal finance, investment banking, life insurance, and asset management. The bank has a strong presence in retail banking, corporate banking, and wealth management services. While specific recent major developments for Kotak Mahindra Bank are not provided within the given data, the bank is generally recognized for its robust network and customer-centric approach, which have been pivotal in its growth and market presence.
Revenue
In the third quarter of the financial year 2025 (Q3FY25), Kotak Mahindra Bank reported a total income of ₹23,945.79 crores. This represents a decrease of 10.9% compared to the previous quarter (Q2FY25), where the total income stood at ₹26,880.02 crores. When compared year-over-year, the total income in Q3FY25 showed a slight decline of 0.6% from ₹24,083.15 crores in the third quarter of the financial year 2024 (Q3FY24). The quarter-over-quarter and year-over-year changes indicate a variation in revenue performance over the respective periods.
Profitability
For the quarter ending in Q3FY25, Kotak Mahindra Bank recorded a profit before tax (PBT) of ₹6,180.08 crores, which is 7.0% lower than the ₹6,646.86 crores reported in Q2FY25. On a year-over-year basis, the PBT increased by 10.1% from ₹5,613.59 crores in Q3FY24. The profit after tax (PAT) for Q3FY25 was ₹4,701.02 crores, a decline of 6.8% from the previous quarter's ₹5,044.05 crores, but an increase of 10.2% compared to ₹4,264.78 crores in Q3FY24. The earnings per share (EPS) followed a similar pattern, at ₹23.60 in Q3FY25, a decrease from ₹25.40 in Q2FY25, yet showing growth from ₹21.50 in Q3FY24. These figures reflect the bank's profitability dynamics over the examined periods.
Operating Metrics
Kotak Mahindra Bank's total expenses in Q3FY25 were reported at ₹16,711.54 crores, showing a reduction of 13.6% from the ₹19,342.80 crores in Q2FY25. Year-over-year, total expenses decreased by 6.2% from ₹17,807.56 crores in Q3FY24. The provisions and contingencies rose to ₹1,054.17 crores in Q3FY25, marking an 18.4% increase from the previous quarter's ₹890.36 crores and a significant 59.2% increase from ₹662.00 crores in Q3FY24. These metrics indicate the operational spending and provisioning trends of the bank within the specified quarters, reflecting on its financial strategy and resource allocation.
