Kotak Mahindra Financial institution reported a 14% year-on-year decline in standalone internet revenue for the January-March quarter on Might 3. The non-public sector lender posted a standalone internet revenue of Rs 3,552 crore for This fall FY25.
Provisions and contingencies throughout the quarter rose greater than threefold to Rs 909 crore, reflecting the financial institution’s cautious method to asset high quality.
Regardless of the spike in provisioning, Kotak’s asset high quality improved marginally. Its gross non-performing asset (GNPA) ratio stood at 1.42% as of March 31, 2025 in comparison with 1.50% on the finish of December 2024.
Mortgage progress remained sturdy, with advances rising 13% year-on-year, whereas deposits grew 15% throughout the quarter.
Moreover, its Internet curiosity earnings (NII) elevated 5% to Rs 7,284 crore. Nevertheless, the financial institution’s internet curiosity margin (NIM) contracted to 4.97% from 5.28% a 12 months in the past. Sequentially, NIM confirmed a slight enchancment from 4.93% within the December quarter.
The financial institution’s whole earnings grew 6.8% YoY to ₹3,182.5 crore, whereas whole expenditure surged 14.4% YoY to ₹11,240 crore. The lender’s internet curiosity margin (NIM) stood at 4.96% for FY25 and 4.97% for Q4FY25. Common whole deposits jumped 15% YoY to ₹4,68,486 crore in Q4FY25.
On the asset high quality entrance, gross NPA (GNPA) stood at 1.42%, and internet NPA (NNPA) at 0.31%, in comparison with 1.39% GNPA and 0.34% NNPA a 12 months in the past. The supply protection ratio was robust at 78%.
CASA ratio as of March 31, 2025, was 43%; the credit-to-deposit ratio was 85.5%. The capital adequacy ratio stood at 22.2%.
For the whole monetary 12 months 2024-25, the financial institution’s revenue on a standalone foundation rose to Rs 16,450 crore as towards Rs 13,782 crore within the earlier 12 months.
“The financial institution’s revenue for FY25 elevated to Rs 16,450 crore (together with acquire on divestment of Kotak Basic Insurance coverage of Rs 2,730 crore) from Rs 13,782 crore in FY24, up 19 per cent YoY. Revenue after tax for FY25 excluding acquire on divestment of Kotak Basic Insurance coverage stood at Rs 13,720 crore,” it stated.
The financial institution’s board introduced a dividend of ₹2.50 per share.
