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Kotak Mahindra Bank net rises 4% to Rs 3,446 cr on advances growth
Kotak Mahindra Bank net rises 4% to Rs 3,446 cr on advances growth
MUMBAI: Kotak Mahindra Bank reported a standalone net profit of Rs 3,446 crore for the quarter ended Dec 31, 2025, up 4.3% from Rs 3,305 crore a year earlier, supported by growth in net interest income and other income. On a consolidated basis, net profit stood at Rs 4,924 crore, a 5% increase from Rs 4,701 crore in the same period last year.
Profit before tax stood at Rs 4,570 crore compared with Rs 4,387 crore a year ago, while provision for tax rose to Rs 1,124 crore from Rs 1,082 crore.
Net interest income for the quarter increased 5% year on year to Rs 7,565 crore from Rs 7,196 crore, while other income rose 8% to Rs 2,838 crore from Rs 2,623 crore, lifting net total income to Rs 10,403 crore from Rs 9,819 crore. Operating profit increased to Rs 5,380 crore from Rs 5,181 crore. Operating expenditure rose 8% to Rs 5,023 crore, reflecting higher employee costs, including a one-time incremental cost of Rs 96 crore related to the new Labour Code.
Provisions and contingencies for the quarter were Rs 810 crore, compared with Rs 794 crore a year earlier. Credit provisions on advances and receivables, net, rose 3% year on year to Rs 817 crore. The provision coverage ratio stood at 76%. Gross non-performing assets amounted to Rs 6,320 crore, compared with Rs 6,266 crore a year earlier.
Outstanding deposits increased 15% year on year to Rs 542,638 crore as of Dec 31, 2025, from Rs 473,497 crore, while outstanding advances, net, rose 16% to Rs 480,673 crore. The gross NPA ratio improved to 1.30% from 1.50% a year earlier and 1.39% in the preceding quarter.
Key ratios reflected stable performance during the quarter. The net interest margin was 4.54%, unchanged from the previous quarter but lower than 4.93% a year earlier. Return on assets stood at 1.89% compared with 2.10% a year ago, while return on equity was 10.7% against 11.6%. The cost of funds declined to 4.54% from 5.06% a year earlier. The CET1 capital adequacy ratio remained strong at 21.5%, compared with 21.7% a year earlier.
Among subsidiaries, Kotak Mahindra AMC and trustee company recorded a 31% year-on-year increase in profit to Rs 315 crore, with average assets under management rising 19% to Rs 588,205 crore. Kotak Mahindra Prime reported a 15% rise in net profit to Rs 250 crore, while Kotak Infrastructure Debt Fund posted a 14% increase to Rs 14 crore.
Kotak Mahindra Investments saw profit decline 19% to Rs 87 crore. Kotak Securities reported a 4% drop in net profit to Rs 431 crore from Rs 448 crore a year earlier. Kotak Mahindra Life Insurance recorded a 1% decline in profit to Rs 162 crore. BSS Sonata Microcredit reported a loss of Rs 26 crore for the quarter, compared with a loss of Rs 50 crore a year earlier.
Source: Msn
Source: OfficeNewz
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