Kotak Mahindra Bank Q3 Results: Fall In Income, NII rise 14.75%, PAT Over 10%

One of the third largest private banks i.e Kotak Mahindra bank has announced the quarterly results of FY 2025 ending on January 31st 2024. It has also registered a dip in total income with a rise in PAT (Profit After Tax) YoY basis.

“Board of Directors of Kotak Mahindra Bank Limited have, at their meeting held today, inter alia, considered, reviewed and approved the consolidated and standalone unaudited Financial Results of the Bank, for the quarter and nine months ended December 31, 2024, as recommended to them by the Audit Committee” as per exchange filing.

Kotak Mahindra Bank: Q3 Profit

Kotak Mahindra Bank has released its quarter 3 earnings. In the October to December 2024 quarter, Kotak Mahindra Bank's Profit After Tax (PAT) was  Rs 4,701.02 crore, up from  Rs 4,264.78 crore during the same period in the previous fiscal year. 

However, in the second quarter of the current fiscal year, its PAT was  Rs 5,044.05 crore. Thus, the private lender recorded a 6.80 per cent  QoQ decline in PAT but reported a YoY increase of almost 10.25 per cent .

Kotak Mahindra Bank's PAT during the first nine months of the current fiscal year was  Rs 18,213.21 crore, while it was  Rs 12,876.01 crore during the same period of the previous fiscal year. Thus, the private lender's PAT has increased by an astounding 41.45 per cent  in the first nine months.

Kotak Mahindra Bank: Q3 Earnings

According to the release, Kotak Mahindra Bank has reported a total income of Rs 23,945.79 in Q3 which is up from  Rs 26,880.02 crore in Q2FY25 and  Rs 24,083.15 crore in Q3FY2. As a result, Kotak Mahindra Bank's overall revenue has declined both annually and quarterly.

Kotak Mahindra Bank recorded a total income of 94,273.91 crore for the first nine months of the current fiscal year, which is more than 42 per cent  more than the 66,366.58 crore for the same time last year.

Kotak Mahindra Bank: Net Income

The net interest income of Kotak Mahindra Bank increased from  Rs 14,494.96 crore in Q3FY24 and  Rs 16,426.97 crore in the previous quarter to  Rs 16,633.14 crore from October to December 2024. This indicates that the private lender's NII has increased by about 14.75 per cent year over year.