New Delhi, May 3
Kotak Mahindra Bank on Saturday reported 7.56 per cent drop in its consolidated profit after tax (PAT) at Rs 4,933 crore in the fourth quarter of FY25, from Rs 5,337 crore in the corresponding quarter of the previous financial year (FY24).
Kotak Securities saw its standalone PAT declining at Rs 348 crore in Q4 FY25, down 7.9 per cent from Rs 378 crore in the year-ago quarter, as per its stock exchange filing.
Net interest income (NII) for FY25 increased to Rs 28,342 crore, from Rs 25,993 crore in FY24, up 9 per cent and for Q4 FY25, it increased to Rs 7,284 crore, from Rs 6,909 crore in Q4 FY24, up 5 per cent YoY.
Operating profit for FY25 increased to Rs 21,006 crore from Rs 19,587 crore in FY24, and for Q4 FY25, it stood at Rs 5,472 crore (Rs 5,462 crore in Q4 FY24).
As per its filing, consolidated customer assets which comprises advances and credit substitutes grew to Rs 537,860 crore in FY25 from Rs 479,169 crore (year-on-year), up 12 per cent.
Total assets under management grew to Rs 669,885 crore, up 20 per cent from Rs 560,140 crore. The domestic mutual fund Equity AUM increased by 27 per cent YoY to Rs 313,084 crore (as at March 31, 2025).
The board has recommended a dividend of Rs 2.50 per equity share having face value of Rs 5, for the year ended March 31, 2025, subject to approval of shareholders.
According to the bank, its average total deposits grew to Rs 468,486 crore for Q4 compared to Rs 408,321 crore for the year-ago quarter which is up 15 per cent.
Average total deposits for FY25 grew at 16 per cent and credit to deposit ratio stood at 85.5 per cent. The bank had 5.3 crore customers (as on March 31, 2025).
— IANS
Reader Comments
Mixed results but overall growth seems decent. The 9% NII growth is promising, though the profit decline is concerning. As a long-term investor, I'm more interested in their AUM growth of 20% - shows they're expanding well. Hope they maintain this momentum! ðŸ‘
As a Kotak customer for 8 years, I'm a bit worried about the profit dip. Their service quality has been excellent but if profits fall, will they cut costs by reducing staff or service quality? The dividend is decent though at Rs 2.50 per share.
The numbers show Kotak is focusing on growth over short-term profits - customer assets up 12%, deposits up 15%. This is a smart strategy in current market conditions. Mutual fund AUM growth at 27% is particularly impressive! 💹
Why is no one talking about the 7.9% decline in Kotak Securities PAT? As someone who uses their trading platform daily, I've noticed increased competition from discount brokers. They need to innovate their brokerage model to stay relevant.
The credit-deposit ratio at 85.5% seems a bit high no? RBI has been cautioning banks about this. While growth is good, Kotak should be careful about maintaining healthy liquidity buffers in uncertain times.
With 5.3 crore customers, Kotak is becoming a banking giant! But I hope they don't lose their personal touch. Their mobile banking app is already getting slower with more features. Sometimes simple is better. #JustSaying
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