Kotak Mahindra Bank reported a consolidated net profit of ₹3,551 crore for the fourth quarter ended March 31, 2025, registering a 14% year-on-year (YoY) decline from ₹4,133 crore in the corresponding quarter last year. On a sequential basis, however, profit rose 7% from ₹3,305 crore in the December 2024 quarter.
Total income for the quarter increased 9% YoY to ₹16,712 crore from ₹15,285 crore in Q4 FY24. This included other income of ₹3,182 crore, marking a 7% increase from ₹2,978 crore in the same period last year. Net Interest Income (NII) stood at ₹7,284 crore, reflecting a 5.4% YoY growth from ₹6,910 crore. However, this was slightly below Bloomberg estimates of ₹7,347 crore.
Operating expenses climbed to ₹4,994 crore, up 13% from ₹4,426 crore in Q4 FY24. Provisions and contingencies surged to ₹909 crore in the quarter, significantly higher than ₹264 crore in the same quarter last year — a 244% increase. As a result, profit before tax came in at ₹4,563 crore, down 12% from ₹5,198 crore a year ago.
In terms of asset quality, the bank reported a Gross NPA ratio of 1.42%, down 8 basis points quarter-on-quarter, and a Net NPA ratio of 0.31%, down 10 basis points sequentially — indicating improved credit metrics.
Despite the quarterly decline, Kotak Mahindra Bank delivered a strong full-year performance. For FY25, the consolidated net profit rose 19% to ₹16,450 crore compared to ₹13,782 crore in FY24. The full-year Net Interest Income stood at ₹28,225 crore, up 8% from ₹26,215 crore the previous year.
The Board of Directors has recommended a final dividend of ₹2.10 per equity share for the year, subject to shareholders’ approval.
