One of the biggest Indian private lender Kotak Mahindra Bank's shares zoomed over 9 per cent on the NSE (National Stock Exchange), after company released Q3 financials which shows a 10.22 per cent increase in PAT (Profit After Tax).

The shares of Kotak Mahindra Bank went on to touch the day high level of Rs 1,929.90 per share on the exchange after ringing the opening bell at Rs 1,890.00 per share with a 7.47 per cent jump over previous trading day's closing bell level.

Kotak Mahindra Bank shares were trading around Rs 1,92.55 per share on the exchanges with a massive jump of 9.38 per cent amounting to Rs 164.95 per share on the bourses.

Kotak Mahindra Bank Q3 FY25

Q3 FY25 Net profit and Revenue

The consolidated net profit of Kotak Mahindra Bank increased by 10.22 per cent to Rs 4,701 crore in the third quarter of FY25, from Rs 4,265 crore in the same period last year. The private lender saw a 6.8 per cent decline in the reporting quarter, with a net profit of Rs 5,044 crore for the July-September quarter Q2 FY25.

The lender's total revenue was Rs 23,945.79 crore, which was less than the Rs 26,880.02 crore recorded in Q2 FY25 and the Rs 24,083.15 crore recorded in Q3 FY24.

Net interest income and margin

In Q3 FY25, fees and services increased by 10 per cent to Rs 2,362 crore, while net interest income—the difference between interest earned and interest spent—grew by 10 per cent year over year to Rs 7,196 crore. To Rs 2,623 crore, other income increased by 14 per cent.

In Q3 FY25, the net interest margin (NIM) decreased from 5.22 per cent in the same period of the previous fiscal year to 4.93 per cent.

Gross and net NPA

While the net non-performing assets (NPA) ratio rose to 0.41 per cent from 0.34 per cent in Q3 of FY24 but decreased sequentially from 0.43 per cent reported in the second quarter, gross non-performing assets (NPA) as a percentage of gross advances decreased to 1.5 per cent from 1.73 per cent from the same period last year.

As of December 31, gross non-performing assets (NPA) stood at Rs 6,266 crore, up from Rs 6,302 crore in the same period last year.

The quarter's fresh slippages totaled Rs 1657 crore, up from Rs 1177 crore in the same period last year. It was lower than the Rs 1875 crore recorded in the previous quarter (Q2), though.