Stock Report

Kotak Mahindra Bank Ltd reports consolidated PAT of Rs. 5044.05 crores in Q2 FY2025

Posted On : 2024-10-20 13:43:44( TIMEZONE : IST )

Kotak Mahindra Bank Limited has reported Consolidated financial results for the period ended September 30, 2024.

Financial Results (Q2 FY2025) - QoQ Comparison

The company has reported total income of Rs. 10453.05 crores during the period ended September 30, 2024 as compared to Rs. 9239.08 crores during the period ended June 30, 2024.

The company has posted net profit / (loss) of Rs. 5044.05 crores for the period ended September 30, 2024 as against net profit / (loss) of Rs. 7448.16 crores for the period ended June 30, 2024.

The company has reported EPS of Rs. 25.37 for the period ended September 30, 2024 as compared to Rs. 37.47 for the period ended June 30, 2024.

Financials	Q2 FY2025	Q1 FY2025	% Change
Total Income	₹ 10453.05 crs	₹9239.08 crs	13.14%
Net Profit	₹5044.05 crs	₹7448.16 crs	-32.28%
EPS	₹25.37	₹37.47	-32.29%

Financial Results (Q2 FY2025) - YoY Comparison

The company has reported total income of Rs. 10453.05 crores during the period ended September 30, 2024 as compared to Rs.7842.96 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs.5044.05 crores for the period ended September 30, 2024 as against net profit / (loss) of Rs.4461.04 crores for the period ended September 30, 2023.

The company has reported EPS of Rs.25.37 for the period ended September 30, 2024 as compared to Rs.22.45 for the period ended September 30, 2023.

Financials	Q2 FY2025	Q2 FY2024	% Change
Total Income	₹ 10453.05 crs	₹7842.96 crs	33.28%
Net Profit	₹5044.05 crs	₹4461.04 crs	13.07%
EPS	₹25.37	₹22.45	13.01%

Financial Results (Half Year Ended FY2025) - YoY Comparison

The company has reported total income of Rs.19692.13 crores during the 6 Months period ended September 30, 2024 as compared to Rs.15697.94 crores during the 6 Months period ended September 30, 2023.

The company has posted net profit / (loss) of Rs.12492.21 crores for the 6 Months period ended September 30, 2024 as against net profit / (loss) of Rs.8611.23 crores for the 6 Months period ended September 30, 2023.

The company has reported EPS of Rs.62.84 for the 6 Months period ended September 30, 2024 as compared to Rs.43.33 for the 6 Months period ended September 30, 2023.

Financials	Half Year Ended FY2025	Half Year Ended FY2024	% Change
Total Income	₹19692.13 crs	₹15697.94 crs	25.44%
Net Profit	₹12492.21 crs	₹8611.23 crs	45.07%
EPS	₹62.84	₹43.33	45.03%

Asset Quality:

Asset Quality	Q2 FY2025	Q1 FY2025	Q2 FY2024
Gross NPA	₹6834.74 crs	₹6251.42 crs	₹6765.74 crs
Gross NPA %	1.48%	1.39%	1.69%
Net NPA	₹2066.51 crs	₹1688.80 crs	₹1554.90 crs
Net NPA %	0.45%	0.38%	0.39%

Gross NPA was at ₹ 6834.74 crs in Q2 FY2025 against ₹ 6765.74 crs in Q2 FY2024. The same was at ₹ 6251.42 crs in Q1 FY2025.

Net NPA was at ₹ 2066.51 crs in Q2 FY2025 against ₹ 1554.90 crs in Q2 FY2024. The same was at ₹ 1688.80 crs in Q1 FY2025.

GNPA was at 1.48% of Gross advances as on September 30, 2024 as compared to 1.69% as on September 30, 2023 and 1.39% as of June 30, 2024.

Net NPA was at 0.45% of Gross advances as on September 30, 2024 as compared to 0.39% as on September 30, 2023 and 0.38% as of June 30, 2024.

Ratios	Q2 FY2025	Q1 FY2025	Q2 FY2024
RoA %	0.64%	0.96%	0.67%
CAR (BASEL III) %	22.61%	22.41%	20.03%

Return on Average Assets (RoA) is at 0.64% for Q2 FY2025 against 0.96% in Q1 FY2025 and 0.67% in Q2 FY2024.

In Q2 FY2025, Bank's total Capital Adequacy Ratio (CAR) was at 22.61%, as compared to 22.41% in Q1 FY2025 and 20.03% in Q2 FY2024.

Shares of Kotak Mahindra Bank Limited was last trading in BSE at Rs. 1869.80 as compared to the previous close of Rs. 1863.90. The total number of shares traded during the day was 36390 in over 2212 trades.

The stock hit an intraday high of Rs. 1878.55 and intraday low of 1848.30. The net turnover during the day was Rs. 67951302.00.