Kotak Mahindra Bank reported a net profit of Rs 3,344 crore for Q2 FY25, marking a 4.8 percent increase from Rs 3,191 crore in the corresponding quarter of the previous fiscal year. This fell short of the average estimate of seven brokerages, which had projected a net profit of Rs 3,494 crore.
The private sector bank’s net interest income (NII) in the July-September quarter rose 11 percent year-on-year to Rs 7,020 crore, exceeding brokerage expectations of Rs 6,977 crore. However, net interest margin (NIM) moderated to 4.91 percent from 5.22 percent a year ago.
Kotak Mahindra Bank’s gross non-performing assets (NPAs) shrunk to 1.49 percent by the end of September 2024 from 1.72 percent a year ago; while net NPAs (NNPAs) expanded to 0.43 percent from 0.37 percent.
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21 окт 2024
