Kotak Mahindra Bank – Low Cost Liability Banking Franchise

Q2 Results consolidated

• Interest Earned up 3.73% QoQ, 23.36% YoY to ₹16,426.79 Cr.
• Total Income grew 4.36% QoQ, 24.68% YoY to ₹26,880.02 Cr.
• Operating Expenses up 5.67% QoQ, 26.05% YoY to ₹12,203.28 Cr.
• Net Profit After Tax fell 32.46% QoQ, but up 13.00% YoY to ₹4,997.78 Cr — impacted by an exceptional item of ₹3,803.40 Cr

Asset quality slightly deteriorated
GNPA 1.48(q2 fy25) vs 1.69(q2 fy24)and q1 at 1.39
NNPA 0.45(q2 fy25) vs 0.39(q2 fy24) and q1 at 0.38