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Kotak Mahindra Bank on Saturday reported a 14 per cent year-on-year decline in standalone net profit for the March quarter of FY25, posting Rs 3,552 crore compared to Rs 4,133 crore in the same period last year.
For the full financial year ended March 31, 2025, the bank delivered a strong performance. Standalone net profit rose 19 per cent to Rs 16,450 crore, supported by a one-time gain of Rs 2,730 crore from the divestment of Kotak General Insurance (KGI).
The bank’s net interest income for the March quarter increased 5 per cent year-on-year to Rs 7,284 crore, while for the full year it rose 9 per cent to Rs 28,342 crore. Net interest margin remained steady at 4.97 per cent for the quarter and 4.96 per cent for the year. Fee and service income for the quarter stood at Rs 2,616 crore, registering a 6 per cent growth over the previous year.
Customer assets, including advances and credit substitutes, grew 13 per cent year-on-year to Rs 4,77,855 crore. Of this, advances stood at Rs 4,44,316 crore as of March 31, 2025. Average total deposits for the quarter rose 15 per cent to Rs 4,68,486 crore. The current and savings account (CASA) ratio stood at 43.0 per cent, while term deposit sweep balances increased 18 per cent to Rs 55,627 crore.
On a consolidated basis, the Kotak Mahindra Group reported a net profit of Rs 22,126 crore for FY25, up 21 per cent from Rs 18,213 crore in FY24. Customer assets rose 12 per cent to Rs 5,37,860 crore. Total assets under management across the group reached Rs 6,69,885 crore, up 20 per cent from the previous year.
The Board of Directors has recommended a dividend of Rs 2.50 per equity share of face value Rs 5 for FY25, subject to shareholder approval.
Kotak Mahindra Group has a presence across banking, insurance, asset management, and capital markets. It services over 5.3 crore customers across India and maintains international operations in the US, UK, Gulf region, Singapore, and Mauritius.
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