Kotak Mahindra net profit dips 14%

MUMBAI: Kotak Mahindra Bank reported a 14% year-on-year decline in standalone net profit to Rs 3,552 crore for the quarter ended March 2025, as rising provisions and narrowing margins weighed on earnings. For the full year, standalone profit after tax rose 6% to Rs 13,720 crore, excluding a Rs 2,730 crore gain from the sale of a stake in its general insurance unit. Including the one-time gain, annual profit rose 19% to Rs 16,450 crore. The board proposed a dividend of Rs 2.5 per share.

On a consolidated basis, net profit for the March quarter dropped 8% to Rs 4,933 crore. For FY25, consolidated profit after tax rose 21% to Rs 22,126 crore, supported by a Rs 3,013 crore gain from the insurance divestment. Without this gain, profit was up 5% to Rs 19,113 crore.

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