Kotak Mahindra Bank shares soared 9% after the bank reported strong Q3 FY25 financial results, surpassing market expectations. As of 9:51 AM, Kotak Mahindra Bank shares were trading 9.22% higher at Rs 1,920.80.
The robust performance, highlighted by improved profitability and stable asset quality, has prompted several brokerages to upgrade their ratings.
Key Q3 FY25 Financial Highlights
- Net Profit: ₹3,304 crore (YoY growth: 10%)
- Revenue from Operations: ₹16,050 crore (YoY growth: 13.9%)
- Net Interest Income (NII): ₹4,819 crore (YoY growth: 14.7%)
- Net Interest Margin (NIM): 4.98%
Asset Quality Metrics
- Gross NPA Ratio: 1.50%
- Net NPA Ratio: 0.53%
Brokerage Ratings and Insights
- Motilal Oswal: Upgraded to ‘Buy’; TP ₹2,100. Highlights steady performance and strong NIMs.
- Anand Rathi: Upgraded to ‘Buy’; TP ₹2,010. Commends healthy loan growth and operational efficiencies.
- Emkay Global: Maintains ‘Reduce’; TP ₹1,750. Notes stress in vehicle finance portfolio.
- Nomura: Maintains ‘Buy’; TP ₹2,110. Praises robust loan and deposit growth.
- Bernstein: Maintains ‘Market-Perform’; TP ₹1,950. Acknowledges positive NIMs and RoA of 2.1%.
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Kotak Mahindra Bank