Kotak Mahindra Bank Q4 Results: Net Profit Drops 14%, NII Grew 4.5% To Rs 7,283.57 Cr; Rs. 2.50 Dividend Out

At today's Board meeting in Mumbai, the Kotak Mahindra Bank Board of Directors revealed both standalone and consolidated results for the quarter and fiscal year that ended on March 31, 2025. The bank's standalone profit after tax (PAT) dropped 14% YoY to Rs 3,551.74 crore from Rs 4,133.3 crore in the same period last year. Nonetheless, net interest income (NII) climbed to Rs 7,283.57, a 4.5% YoY growth.

In FY25, the bank's total net profit climbed 21% year on year to Rs 22,126 crore from Rs 18,213 crore in FY24. From Rs 560,140 crore on March 31, 2024, to Rs 669,885 crore on March 31, 2025, the bank's total assets under management increased by 20% YoY.
Return on Assets (ROA) for FY25 was 2.73% and 2.36% at the consolidated level. In Q4FY25, ROA was 2.36%. For FY25, the return on equity (ROE) was 13.12% and 15.19%. In Q4FY25, ROE was 12.90%.

The bank's standalone net profit climbed 19% YoY to Rs 16,450 crore in FY25 from Rs 13,782 crore in FY24. On a stand-alone basis, Net Interest Income (NII) climbed 9% YoY to Rs 28,342 crore in FY25 from Rs 25,993 crore in FY24 and 5% YoY to Rs 7,284 crore in Q4FY25 from Rs 6,909 crore in Q4FY24.

For FY25 and Q4FY25, the bank's Net Interest Margin (NIM) was 4.96% and 4.97%, respectively. According to Kotak Mahindra Bank, its standalone operating profit for FY25 was Rs 21,006 crore, up 7% YoY, from Rs 19,587 crore in FY24. For Q4FY25, it was Rs 5,472 crore, up from Rs 5,462 crore in Q4FY24.

The bank's average total deposits increased 15% YoY to Rs 468,486 crore in Q4FY25 from Rs 408,321 crore in Q4FY24. The average total deposits for FY25 increased 16% YoY, while the CASA and credit-to-deposit ratios were 43.0% and 85.5%, respectively, as of March 31, 2025. On March 31, 2024, GNPA was 1.39% and NNPA was 0.34%, while on March 31, 2025, GNPA was 1.42% and NNPA was 0.31%.

"This is to inform you that the Board of Directors of Kotak Mahindra Bank Limited ("Bank") have, at their meeting held today, inter alia, recommended a dividend of Rs. 2.50 per Equity Share of the face value of Rs. 5/- each, out of the net profits for the financial year ended March 31, 2025, subject to the approval of the members at the ensuing Annual General Meeting of the Bank. The date of the ensuing Annual General Meeting of the Bank, the 'Record Date' for the purpose of determining the members eligible to receive the aforesaid dividend, if declared at the ensuing Annual General Meeting, and the dividend payout date will be intimated in due course," said Kotak Mahindra Bank in a regulatory filing on Saturday.

As of March 31, 2025, the bank had 5.3 crore customers (compared to 5.0 crore on March 31, 2024). Kotak Mahindra Bank Ltd. has 2,148 branches nationwide as of March 31, 2025, along with 3,295 ATMs (including cash recyclers) and branches in GIFT City and DIFC (Dubai).