Kotak mahindra bank Q1 result: Kotak Mahindra Bank received a standlone net profit of ₹ 3,281.68 crore in April 2025, the first quarter of the current financial year 2026, which is 47.49% less on an annual basis. However, note that the profits it received in the same quarter of last year included one-time gains from the sale of stake in Kotak General Insurance. However, on a quarterly basis, the asset quality of the bank has weakened a bit. It may see the next business day on the bank shares. The day before the results came, it closed down 0.77% to close at ₹ 2124.95 on BSE on Friday 25 July.
Kotak Mahindra Bank Q1 Result: Special things
Kotak Mahindra Bank’s net profit fell 47.49% to ₹ 3,281.68 crore in the June quarter of the June quarter. However, last year’s profits were also one-time gains from the sales of stake in Kotak General Insurance. Talking about the net interest income-NII, it increased from ₹ 6,842 crore to 6.1% to ₹ 7,293 crore on an annual basis.
Talking about asset quality, grass NPA increased from 1.42% to 1.48% and net NPA from 0.31% to 0.34% against Grass Advance on a quarterly basis. Provisions and Conteys also increased from ₹ 909.38 crore to ₹ 1,207.76 crore on a quarterly basis. Net Interest Margin (NIM) fell from 4.97% to 4.65% on a quarterly basis.
How many were the stake in Kotak General Insurance?
Last year, on 18 June 2024, the bank sold its 70% stake in the Kotak Mahindra General Insurance Company through Fresh Growth Capital and Share Sale to the Zurich Insurance Company. The bank sold 55,31,81,595 equity shares ₹ 4,095.82 crore, which provided a net gains (pre-tax) of ₹ 3,519.90 crore. It was shown as an expectant item in the June 2024 quarter trading result. Kotak Mahindra currently holds a 30% stake in the Zurich Kotak Mahindra General Insurance Company.
How was the move of shares in a year?
Kotak Mahindra Bank shares were at ₹ 1679.10 on 13 November 2024 last year, which is a record low of one year for its shares. From this floating level, it jumped 37.07% in five months to ₹ 2301.55 on 22 April 2025, which is a one -year record high level for its shares.
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