Kotak Mahindra Bank Consolidated PAT for FY25 at ₹ 22,126 crore, up 21% YoY

Q4FY25 at  4,933 crore

Standalone PAT for FY25 at  16,450 crore, up 19% YoY

Q4FY25 at  3,552 crore

 Mumbai,: The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the audited standalone and consolidated results for the quarter and financial year ended March 31, 2025, at the Board meeting held in Mumbai, today.

 Consolidated results at a glance

Consolidated PAT for FY25 increased to ₹ 22,126 crore (including gain on divestment of KGI of ₹ 3,013 crore) from ₹ 18,213 crore in FY24, up 21% YoY. Consolidated PAT for FY25 excluding gain on divestment of KGI stood at ₹ 19,113 crore, up 5% YoY. Consolidated PAT for Q4FY25 stood at ₹ 4,933 crore (₹ 5,337 crore in Q4FY24).

 PAT of Bank and key subsidiaries given below:

Including gain on divestment of KGI of  2,730 crore. Excluding this gain, PAT for FY25 stood at  13,720 crore

Please note: Q4FY25 & FY25 PAT includes gain in sudsidiaries and associates (excl. insurance) entities of  ₹ 411 crore due to alignment with RBI directions on valuation of investment portfolio.

             Consolidated Customer Assets which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes grew to  537,860 crore as at March 31, 2025 from  479,169 crore as at March 31, 2024, up 12% YoY.

Total Assets Under Management as at March 31, 2025 grew to ₹ 669,885 crore, up 20% YoY from  560,140 crore as at March 31, 2024. The Domestic MF Equity AUM increased by 27% YoY to  313,084 crore as at March 31, 2025.

Consolidated Networth as at March 31, 2025 was 157,395 crore (including increase in reserves due to RBI’s Master Direction on investment valuation of ₹ 5,630 crore and gain on KGI divestment of 3,013 crore). The Book Value per Share as at March 31, 2025 was ₹ 792, up 21% YoY from ₹ 653 at March 31, 2024.

At the consolidated level, Return on Assets (ROA) for FY25 was 2.73% (including gains on KGI) and 2.36% (excluding gains on KGI). ROA for Q4FY25 (annualized) was 2.36%. Return on Equity (ROE) for FY25 was 15.19% (including gains on KGI) and 13.12% (excluding gains on KGI). ROE for Q4FY25 (annualized) was 12.90%.

Consolidated Capital Adequacy Ratio as per Basel III as at March 31, 2025 was 23.3% and CET I ratio was 22.3%.

Average Liqudity Coverage Ratio stood at 135% for Q4FY25.

Kotak Mahindra Bank standalone results

The Bank’s PAT for FY25 increased to 16,450 crore (including gain on divestment of KGI of 2,730 crore)  from  13,782 crore in FY24, up 19% YoY. PAT for FY25 excluding gain on divestment of KGI stood at 13,720 crore. PAT for Q4FY25 stood at ₹ 3,552 crore ( 4,133 crore in Q4FY24).

Net Interest Income (NII) for FY25 increased to 28,342 crore, from  25,993 crore in FY24, up 9% YoY and for Q4FY25 increased to 7,284 crore, from 6,909 crore in Q4FY24, up 5% YoY.

Net Interest Margin (NIM) was 4.96% for FY25 and 4.97% for Q4FY25.

Fees and services for FY25 increased to ₹ 9,530 crore from 8,464 crore in FY24, up 13% YoY and for Q4FY25 increased to  2,616 crore from ₹ 2,467 crore in Q4FY24, up 6% YoY.

Operating profit for FY25 increased to 21,006 crore from 19,587 crore in FY24, up 7% YoY and for Q4FY25 stood at 5,472 crore ( 5,462 crore in Q4FY24).

Customer Assets, which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes, increased by 13% YoY to ₹ 477,855 crore as at March 31, 2025 from  423,324 crore as at March 31, 2024. Advances (incl. IBPC & BRDS) increased 13% YoY to 444,316 crore as at March 31, 2025 from 391,729 crore as at March 31, 2024. Average advances (incl. IBPC & BRDS) for FY25 grew at 18% YoY.

Unsecured retail advances (incl. retail microcredit) as a % of net advances stood at 10.5% as at March 31, 2025

Average Total Deposits grew to 468,486 crore for Q4FY25 compared to 408,321 crore for Q4FY24 up 15% YoY. Average total deposits for FY25 grew at 16% YoY.

CASA ratio as at March 31, 2025 stood at 43.0%. TD sweep balance grew 18% YoY to ₹ 55,627 crore.

Cost of funds was 5.09% at Q4FY25.

Credit to Deposit ratio as at March 31, 2025 stood at 85.5%.

Customers as on March 31, 2025 were 5.3 crore (5.0 crore as on March 31, 2024).

As at March 31, 2025, GNPA was 1.42% & NNPA was 0.31% (GNPA was 1.39% & NNPA was 0.34% at March 31, 2024). As at March 31, 2025, Provision Coverage Ratio stood at 78%.

Standalone Return on Assets (ROA) for FY25 was 2.65% (including gains on KGI) and 2.21% (excluding gains on KGI). ROA for Q4FY25 (annualized) was 2.19%.  Return on Equity for FY25 was 12.57% (excluding gains on KGI).

Capital Adequacy Ratio of the Bank, as per Basel III, as at March 31, 2025 was 22.2% and CET1 ratio of 21.1%.

The Board of Directors of the Bank 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.

 The financial statements of Indian subsidiaries (excluding insurance companies) and associates are prepared as per Indian Accounting Standards in accordance with the Companies (Indian Accounting Standards) Rules, 2015. The financial statements of subsidiaries located outside India are prepared in accordance with accounting principles generally accepted in their respective countries. However, for the purpose of preparation of the consolidated financial results, the results of subsidiaries and associates are in accordance with Generally Accepted Accounting Principles in India (‘GAAP’) specified under Section 133 and relevant provision of Companies Act, 2013.

About Kotak Mahindra Group

Established in 1985, Kotak Mahindra Group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank – Kotak Mahindra Bank Ltd (KMBL).

Kotak Mahindra Group (Group) offers a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, mutual funds, life and general insurance and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector. The premise of Kotak Mahindra Group’s business model is concentrated India, diversified financial services. The bold vision that underscores the Group’s growth is an inclusive one, with a host of products and services designed to address the needs of the unbanked and insufficiently banked.

Kotak Mahindra Group has a global presence through its subsidiaries in UK, USA, Gulf Region, Singapore and Mauritius with offices in London, New York, Dubai, Abu Dhabi, Singapore and Mauritius respectively. As on 31^st March 2025, Kotak Mahindra Bank Ltd has a national footprint of 2,148 branches and 3,295 ATMs (incl. cash recyclers), and branches in GIFT City and DIFC (Dubai).

For more information, please visit the Company’s website at https://www.kotak.com

 This media release is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Kotak Mahindra Bank Limited (the “Bank”) and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. No offering of securities of the Bank will be made except by means of a statutory offering document containing detailed information about the Bank.

This media release is not a complete description of the Bank. Certain statements in the media release contain wordor phrases that are forward looking statements. All forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated by the relevant forward looking statement. Any opinion, estimate or projection herein constitutes a judgment as of the date of this media release, and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection. The information in this media release is subject to change without notice, its accuracy is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Bank. We do not have any obligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date of this media release or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition.

All information contained in this media release has been prepared solely by the Bank. No information contained herein has been independently verified by anyone else. No representation or warranty (express or implied) of any nature is made nor is any responsibility or liability of any kind accepted with respect to the truthfulness, completeness or accuracy of any information, projection, representation or warranty (expressed or implied) or omissions in this media release. Neither the Bank nor anyone else accepts any liability whatsoever for any loss, howsoever, arising from any use or reliance on this media release or its contents or otherwise arising in connection therewith. This media release may not be used, reproduced, copied, distributed, shared, or disseminated in any other manner.

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Figures for the previous period/ year have been regrouped wherever necessary to conform to current period’s / year’s media release. Totals in some columns/ rows may not agree due to rounding off.