Kotak Mahindra Bank Limited reported its standalone financial results for the third quarter ended December 31, 2024. The bank demonstrated steady performance, with an increase in Net Profit and healthy growth in Net Interest Income (NII), reflecting robust operational efficiency.
Key Financial Highlights (₹ in Crores):
- Net Interest Income (NII): ₹7,196 crore
- YoY: Grew by 9.8% (₹6,553 crore in Q3 FY24)
- Net Profit: ₹3,304 crore
- YoY: Increased by 10.0% (₹3,005 crore in Q3 FY24)
- QoQ: Marginally lower by 1.2% (₹3,343 crore in Q2 FY25)
- Total Income: ₹16,050 crore
- YoY: Grew by 13.9% (₹14,096 crore in Q3 FY24)
- QoQ: Declined by 0.9% (₹15,900 crore in Q2 FY25)
- Provisions and Contingencies: ₹794 crore
- YoY: Increased by 37% (₹579 crore in Q3 FY24)
- QoQ: Up by 20.2% (₹660 crore in Q2 FY25)
Asset Quality:
- Gross NPA: ₹6,266 crore (1.50% of Gross Advances)
- QoQ: Stable from 1.49% in Q2 FY25
- Net NPA: ₹1,681 crore (0.40% of Net Advances)
- YoY: Improved from 0.48% in Q3 FY24
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TOPICS:
Kotak Mahindra Bank