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Kotak Mahindra Bank Announces Results

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Mumbai, 18th January, 2025.

The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the unaudited standalone and consolidated results for the quarter ended December 31, 2024, at the Board meeting held in Mumbai, today.

Consolidated results at a glance

Consolidated PAT for Q3FY25 increased to ₹ 4,701 crore from ₹ 4,265 crore in Q3FY24, up 10% YoY and for 9MFY25 (before KGI divestment) increased to ₹ 14,180 crore from ₹ 12,876 crore in 9MFY24, up 10% YoY.

PAT of Bank and key subsidiaries given below:

PAT (₹ crore)Q3FY25Q3FY249MFY259MFY24
Kotak Mahindra Bank3,3053,00510,1689,648
Kotak Securities4483061,293849
Kotak Asset Management &

Trustee Company

240146612375
Kotak Mahindra Prime218239718666
Kotak Mahindra Life Insurance164140697579
Kotak Mahindra Investments107157386386
Kotak Mahindra Capital Company9435265117
BSS Microfinance(50)10417307

At the consolidated level, Return on Assets (ROA) for Q3FY25 (annualized) was 2.30% (2.46% for Q3FY24). Return on Equity (ROE) for Q3FY25 (annualized) was 12.43% (13.83% for Q3FY24).

Consolidated Capital Adequacy Ratio as per Basel III as at December 31, 2024 was 23.4% and CET I ratio was 22.5% (including unaudited profits).

As at December 31, 2024, Average Liqudity Coverage Ratio stood at 132%.

Consolidated Networth as at December 31, 2024 was ₹ 152,878 crore (including increase in reserves due to RBI’s Master Direction on Bank’s investment valuation of ₹ 5,654 crore and gain on KGI divestment of ₹ 2,730 crore). The Book Value per Share at December 31, 2024 was ₹ 769 (₹ 627 at December 31, 2023).

Consolidated Customer Assets which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes grew to ₹ 519,126 crore as at December 31, 2024 from ₹ 451,524 crore as at December 31, 2023, up 15% YoY.

Total Assets Under Management as at December 31, 2024 were ₹ 686,197 crore up 29% YoY over ₹ 533,365 crore as at December 31, 2023. The Domestic MF Equity AUM increased by 39% YoY to ₹ 319,161 crore as at December 31, 2024.

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