Kotak Bank Q3 Results: Kotak Mahindra Bank, India’s third-largest private lender by market capitalisation, posted a 10% increase in net profit for the December quarter (Q3FY25). The bank reported a profit of ₹3,305 crore, compared to ₹3,005 crore in the same period last year.
Interest Income and Net Interest Margin (NIM)
During the quarter, the bank’s interest income rose by 14%, reaching ₹13,427.58 crore, compared to ₹11,799 crore in Q3FY24. The interest paid by the bank also increased by 19%, amounting to ₹6,231.33 crore versus ₹5,245.50 crore in the year-ago period.
The Net Interest Income (NII) grew by 10% year-on-year (YoY), rising to ₹7,196 crore from ₹6,554 crore in Q3FY24. The Net Interest Margin (NIM) stood at 4.93% for the quarter.
On a quarter-on-quarter (QoQ) basis, the bank’s profit after tax declined slightly by 1.2%, compared to ₹3,344 crore in Q2FY25.
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Fees and Services Revenue
Revenue from fees and services for the quarter was ₹2,362 crore, up 10% YoY from ₹2,144 crore in the corresponding quarter of the previous year.
Strong Deposit Growth
The bank recorded significant growth in deposits during Q3FY25:
Total Average Deposits increased by 15% YoY to ₹4,58,614 crore, compared to ₹3,98,908 crore in Q3FY24.
Current Account Deposits grew by 12% YoY to ₹66,589 crore, compared to ₹59,337 crore in Q3FY24.
Savings Deposits saw a modest growth of 1% YoY, reaching ₹1,24,282 crore versus ₹1,23,227 crore in the previous year.
Term Deposits recorded the highest growth, rising by 24% YoY to ₹2,67,743 crore, compared to ₹2,16,344 crore in Q3FY24.
Thus, Kotak Mahindra Bank delivered strong financial performance in Q3FY25, with double-digit growth in net profit, deposits, and interest income. The robust growth in term deposits and steady rise in NII reflect the bank’s solid operational efficiency and customer trust. Despite a slight sequential dip in profit, the bank remains well-positioned for sustainable growth in the coming quarters.
