Kotak Mahindra Bank has declared its Q2 FY25 results.
Kotak Mahindra Bank Q2 Results: The lender’s net interest income (NII) during July-September 2024 increases 11 per cent to Rs 7,020 crore, against Rs 6,297 crore in the year-ago period.
Kotak Mahindra Bank Q2 Results: Kotak Mahindra Bank on Saturday reported a 4.8 per cent year-on-year rise in its standalone profit after tax (PAT) to Rs 3,344 crore for the second quarter ended September 2024. Its net interest income (NII) during July-September 2024 increased 11 per cent to Rs 7,020 crore, against Rs 6,297 crore in the year-ago period.
Its net profit had stood at Rs 3,191 crore in the corresponding quarter last year, according to a regulatory filing.
Kotak’s net interest margin (NIM) was 4.91 per cent for Q2FY25.
On a consolidated basis, Kotak Mahindra Bank’s PAT jumped 13 per cent to Rs 5,044 crore as compared with Rs 4,461 crore. The consolidated results include earnings from Kotak Mahindra Bank, Kotak Securities, Kotak Mahindra Life Insurance, Kotak Mahindra Prime, and other subsidiaries.
