Introduction:
Leading private-sector bank reported a 10% increase in net profit for Q3FY25, reaching ₹4,701.02 crore. The bank’s total income was ₹23,945.79 crore, with significant growth in interest income, while asset quality showed improvements in key segments.
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Share price movement of Kotak Mahindra Bank:
On January 20, 2025, Kotak Mahindra Bank opened at ₹1,882.10, up 7.05% from its previous close of ₹1,758.65. The stock reached a high of ₹1,929.00 (9.69%) and a low of ₹1,867.05. By 12:12 PM, it traded at ₹1,916.40, an 8.97% increase, with a market cap of ₹3,81,013.60 crore.
Kotak Mahindra Bank Reports Q3FY25 Results:
Kotak Mahindra Bank reported a 10% rise in its net profit for Q3FY25, reaching ₹4,701.02 crore compared to ₹4,264.78 crore in the same quarter last year. However, the profit declined nearly 7% sequentially from ₹5,044.05 crore in Q2FY25.
The bank’s total income for the quarter stood at ₹23,945.79 crore, a slight decrease from ₹24,083.15 crore in Q3FY24. However, it was lower than ₹26,880.02 crore reported in the September quarter, reflecting a decline from the previous quarter.
Interest income increased by 14.75%, rising to ₹16,633.14 crore from ₹14,494.96 crore in Q3FY24. In terms of asset quality, the bank saw moderation in personal loan slippages, a plateau in credit card growth, and a rise in microfinance.
Stock performance of Kotak Mahindra Bank for Period of 1 week, 6 months and 1 year:
Kotak Mahindra Bank has shown moderate growth, with a 1.16% return over the past week and 0.71% over six months. However, the stock has declined by 2.67% over the past year, reflecting some challenges in the long term.
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Shareholding pattern of Kotak Mahindra Bank:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 25.90% | 25.90% | 25.90% |
| FII | 32.50% | 33.40% | 33% |
| DII | 28.80% | 27.90% | 27.70% |
| Public | 12.80% | 12.80% | 13.20% |
About Kotak Mahindra Bank:
Kotak Mahindra Bank Ltd. (NSE: KOTAKBANK) is a diversified financial services group offering a range of services including banking, asset management, insurance, and broking. It ranks 4th in market share for deposits and gross advances.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
