Mumbai, May, 2025.

The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the audited standalone and consolidated results for the quarterand financial year ended March 31, 2025, at the Board meeting held in Mumbai, today.

Consolidated results at a glance

Consolidated PAT for FY25 increased to₹ 22,126 crore(including gain on divestment of KGI of ₹3,013 crore) from ₹ 18,213 crore in FY24, up 21% YoY. Consolidated PAT for FY25 excludinggain on divestment of KGI stood at ₹19,113 crore, up 5% YoY. Consolidated PAT for Q4FY25 stood at ₹ 4,933 crore(₹ 5,337 crore in Q4FY24).

¹Including gain on divestment of KGI of ₹ 2,730 crore. Excluding this gain, PAT for FY25 stood at ₹ 13,720 crore

Please note:Q4FY25 & FY25 PAT includes gain insudsidiaries and associates (excl. insurance) entities of  ₹ 411 crore due to alignment with RBI directions on valuation of investment portfolio.

Consolidated Customer Assets which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes grew to₹ 537,860crore as at March 31, 2025 from ₹ 479,169 crore as at March 31, 2024, up 12% YoY.

Total Assets Under Management as at March 31, 2025grew to ₹ 669,885crore, up 20% YoY from ₹ 560,140 crore as at March 31, 2024.The Domestic MF Equity AUM increased by 27% YoY to ₹ 313,084 crore as at March 31, 2025.

Consolidated Networth as at March 31, 2025was ₹ 157,395 crore (including increase in reserves due to RBI’s Master Direction on investment valuation of ₹ 5,630 crore and gain on KGI divestment of ₹ 3,013 crore). The Book Value per Share as at March 31, 2025was₹ 792, up 21% YoYfrom ₹ 653 at March 31, 2024.

At the consolidated level, Return on Assets (ROA) for FY25 was 2.73% (including gains on KGI) and 2.36% (excluding gains on KGI). ROA for Q4FY25 (annualized) was 2.36%. Return on Equity (ROE) for FY25 was 15.19% (including gains on KGI) and 13.12% (excluding gains on KGI). ROE for Q4FY25 (annualized) was 12.90%.

Consolidated Capital Adequacy Ratio as per Basel III as at March 31, 2025 was 23.3% and CET I ratio was 22.3%.