Delhi Delhi. Kotak Mahindra Bank released its financial results for the third quarter of the current financial year (Q3 FY25) on Saturday, January 18. Compared to the same period last year, the bank's consolidated net profit increased by 10.22 per cent to Rs 4,701 crore from Rs 4,265 crore. It became Rs. The private lender experienced a 6.8 per cent decline in net profit at Rs 5,044 crore for the July-September quarter (Q2 FY25) in the reporting quarter.
The lender overall earned Rs 23,945.79 crore, which was lower than Rs 26,880.02 crore and Rs 24,083.15 crore recorded in Q2 FY25 and Q3 FY24, respectively.
Net Profit Q3 FY25
Kotak Mahindra Bank's net profit in the first nine months of the current financial year stood at Rs 18,213.21 crore, which is 41.45 percent higher than Rs 12,876.01 crore in the same period last year. Total income increased by 42 per cent, from Rs 66,366.58 crore in Q3 FY24 to Rs 94,273.91 crore for the same period.
net interest income
The bank's net interest income rose 14.75 per cent to Rs 16,633.14 crore in the October-December quarter of the current fiscal from Rs 14,494.96 crore in Q3 FY24.
stock performance
Kotak Mahindra Bank stock closed at Rs 1,759.05 per share, down 2.58 per cent on the NSE. The market capitalization of the company stood at Rs 3,49,729.69 crore.
standalone results
The bank's standalone net profit increased to Rs 3,304 crore from Rs 3,005 crore in the same quarter last year. However, third quarter profit was marginally lower compared to the July-September quarter figure of Rs 3,343 crore.
The lender's total income rose to Rs 16,050 crore from Rs 14,096 crore in FY24, while expenses stood at Rs 10,869 crore compared to Rs 9,530 crore in the same period a year ago. The company's gross non-performing assets ratio increased slightly to 1.50 percent from 1.49 percent in the previous quarter.
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