Kotak Mahindra Bank reported a robust 21% year-on-year (YoY) jump in its consolidated profit after tax (PAT) for FY25, reaching ₹22,126 crore. The increase includes a ₹3,013 crore gain from the divestment of Kotak General Insurance (KGI).
Even after excluding the KGI gain, consolidated PAT stood at ₹19,113 crore, marking a 5% rise over FY24. For the fourth quarter of FY25, PAT came in at ₹4,933 crore.
Standalone growth shows consistency
On a standalone basis, the bank’s PAT rose 19% YoY to ₹16,450 crore in FY25, with Q4FY25 alone contributing ₹3,552 crore. Excluding the KGI gain of ₹2,730 crore, the standalone PAT stood at ₹13,720 crore.
Net interest income (NII) climbed 9% YoY to ₹28,342 crore in FY25. Q4FY25 NII rose to ₹7,284 crore, up 5% YoY. Net interest margin (NIM) was 4.96% for FY25.
Fee and service income also saw a 13% annual rise, reaching ₹9,530 crore. The bank’s average deposits increased 16% YoY, and its customer base touched 5.3 crore.
Asset and credit highlights
Customer assets surged 13% YoY to ₹477,855 crore as of March 31, 2025. Advances grew to ₹444,316 crore. CASA ratio stood at 43%, while the credit-to-deposit ratio was 85.5%.
The gross non-performing asset (GNPA) ratio was 1.42%, with the net NPA at 0.31%. Provision coverage ratio was strong at 78%.
Standalone return on assets (ROA) stood at 2.65% (2.21% excluding KGI gain), while return on equity (ROE) was 12.57% excluding the gain.
Consolidated snapshot
Kotak Securities reported a PAT of ₹1,640 crore, Kotak Prime ₹1,015 crore, and Kotak AMC ₹977 crore. Kotak Life Insurance earned ₹769 crore.
The consolidated net worth jumped to ₹157,395 crore. Book value per share rose 21% YoY to ₹792.
Total assets under management (AUM) soared to ₹669,885 crore, with equity AUM alone contributing ₹313,084 crore — a 27% rise.
Capital adequacy remains strong. The consolidated CAR under Basel III was 23.3%, with CET1 ratio at 22.3%. The bank’s average liquidity coverage ratio stood at 135% for Q4FY25.
Dividend declared
The board recommended a dividend of ₹2.50 per equity share (face value ₹5) for FY25, pending shareholder approval.
