Kotak Mahindra Bank - Results Q1 - F.Y. 25-26

Kotak Mahindra Bank - Results Q1 - F.Y. 25-26 -

1) Kotak Bank Q1 results: PAT falls 7% YoY to Rs 3,282 crore. NII up 6% 2) Kotak Mahindra Bank on Saturday reported a 7% year-on-year decline in its standalone net profit for the June quarter at Rs 3,282 crore, compared to Rs 3,520 crore in the year ago period. The net interest income (NII) for Q1FY26 increased to Rs 7,259 crore, up 6% YoY from Rs 6,842 crore in Q1FY25. 3) On June 18, 2024, Zurich Kotak General Insurance (ZKGI) has ceased to be a wholly-owned subsidiary and became an associate of the bank, the lender said in an exchange filing today. 4) The dip in profit was largely due to higher provisioning for potential credit losses, though operational metrics remained resilient. Net interest income (NII) rose 6% YoY to ₹7,259 crore, up from ₹6,842 crore in Q1FY25, while net interest margin (NIM) stood at 4.65%. 5) The operating profit of the private lender increased 6% YoY to ₹5,564 crore from ₹5,254 crore in Q1 FY25, supported by stable growth in core income. Fee and services income came in at ₹2,249 crore, marginally higher than ₹2,240 crore a year ago. 6) Overall results are below expectations. 7) This is all for information. This is not a buy/sell recommendation. Thank you, Technofunda24