Mumbai, October, 2024.
The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the unaudited standalone and consolidated results for the quarter and half-year ended September 30, 2024, at the Board meeting held in Mumbai, today.
Consolidated results at a glance
Consolidated PAT for Q2FY25 was ₹ 5,044 crore, up 13% YoY from ₹ 4,461 crore in Q2FY24. PAT of Bank and key subsidiaries given below:
| PAT (₹ crore) | Q2FY25 | Q2FY24 |
| Kotak Mahindra Bank | 3,344 | 3,191 |
| Kotak Securities | 444 | 324 |
| Kotak Mahindra Life Insurance | 360 | 247 |
| Kotak Mahindra Prime | 269 | 208 |
| Kotak Asset Management &Trustee Company | 197 | 124 |
| Kotak Mahindra Investments | 141 | 126 |
| Kotak Mahindra Capital Company | 90 | 27 |
| BSS Microfinance | 16 | 108 |
At the consolidated level, Return on Assets (ROA) for Q2FY25 (annualized) was 2.53% (2.68% for Q2FY24). Return on Equity (ROE) for Q2FY25 (annualized) was 13.88% (14.99% for Q2FY24).
Consolidated Capital Adequacy Ratio as per Basel III as at September 30, 2024 was 22.6% and CET I ratio was 21.7% (including unaudited profits).
Consolidated Networth as at September 30, 2024 was ₹ 147,214 crore (including increase in reserves due to RBI’s Master Direction on Bank’s investment valuation of ₹ 4,777 crore and gain on KGI divestment of ₹ 2,730 crore). The Book Value per Share at September 30, 2024 was ₹ 740 (₹ 605 at September 30, 2023).
Consolidated Customer Assets which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes grew to
₹ 510,598 crore as at September 30, 2024 from ₹ 428,404 crore as at September 30, 2023, up 19% YoY.
Total Assets Under Management as at September 30, 2024 were ₹ 680,838 crore up 37% YoY over ₹ 498,342 crore as at September 30, 2023.
Kotak Asset Management, the 5th largest AMC saw its Domestic MF Equity AUM increase by 60% YoY to ₹ 319,161 crore as at September 30, 2024.
