Kotak Mahindra Bank Limited · NSE:KOTAKBANK
Kotak Mahindra Bank — Q4 FY25 Earnings Presentation
31 slides from Kotak Mahindra Bank's earnings presentation, May 3, 2025
Slide 1: Updated Investor Presentation filing letter to exchanges
May 3, 2025 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (East), Mumbai 400 001 Mumbai 400 051 BSE Scrip 500247, 958687, 974396, NSE KOTAKBANK, KMBL,
Slide 2: Transforming for scale
Transforming for scale Investor Presentation Q4FY25 Presentation on financial results for the Period ended 31st March, 2025 3rd May, 2025
Slide 3: Key Updates for Q4FY25
Consolidated • PAT: ₹ 4,933 cr, Up 5% QoQ • ROE: Q4FY25: 12.90% FY25: 13.12% • ROA: Q4FY25: 2.36% FY25: 2.36% • Book value / share : ₹ 792, Up 21% YoY Bank Key Updates • PAT: ₹ 3,552 cr • Avg Advances *: FY25 Up 18% YoY • NIM: 4.97% • Avg Deposits: FY25 Up 16% YoY for Q4FY25 • CASA Ratio: 43% • NNPA
Slide 4: Kotak’s predominance in its businesses
Kotak’s predominance in its businesses Bank’s milestones Subsidiaries highlights Customer reach #4 Private Sector Bank in India Kotak Mahindra Capital - Ranked #1** 5.3 cr (Balance sheet size as at Dec’24) in the Equity Capital Markets category for Bank Customers the 3rd consecutive year ₹ 4.32 trn
Slide 5: Consolidated Highlights
Consolidated Highlights PAT ROA ROE Q4FY25 ₹ 4,933 cr -8% 2.36% 12.90% Q4FY24 Q4FY24 ₹ 5,337 cr 2.92% 16.85% PAT ROA ROE FY25 ₹ 22,126 cr 21% 2.73% 15.19% FY24 excl. gain on KGI# divestment ₹ 19,113 cr 5% 2.36% 13.12% FY24 ₹ 18,213 cr 2.66% 15.08% Customer Assets* CAR CET-I Book Value / Share As at
Slide 6: Kotak Group PAT – Q4FY25
Kotak Group PAT – Q4FY25 ₹ cr Q4FY25 Q4FY24 Q3FY25 YoY PAT Contribution Kotak Mahindra Bank 3,552 4,133 3,305 (14%) Kotak Mahindra Prime 297 223 218 34% Q4FY25 Kotak Mahindra Investments 116 129 107 (10%) Kotak Infrastructure Debt Fund 13 11 12 20% 79% 86% BSS Microfinance (91) 76 (50) (219%) Sonata
Slide 7: Kotak Group PAT - FY25
Kotak Group PAT - FY25 ₹ cr FY25 FY24 YoY PAT Contribution^ Kotak Mahindra Bank 13,720 13,782 - Kotak Mahindra Prime 1,015 888 14% FY25 Kotak Mahindra Investments 501 514 (3%) Kotak Infrastructure Debt Fund 53 44 23% 79% BSS Microfinance (74) 383 - 85% Sonata Finance 13 (14) - Bank & Other lending r
Slide 8: Kotak Group Networth & ROE
Kotak Group Networth & ROE ₹ cr PAT FY25 Networth Mar’25^ ROE CET-I Networth Contribution Kotak Mahindra Bank 13,720 117,146 21.1% Kotak Mahindra Prime 1,015 10,196 23.1% Kotak Mahindra Investments 501 3,842 36.0% Kotak Infrastructure Debt Fund 53 573 52.1% BSS Microfinance (74) 936 84% Sonata Finan
Slide 9: Bank Highlights
Bank Highlights PAT NIM Cost / Income ROA Q4FY25 ₹ 3,552 cr -14% 4.97% 47.71% 2.19% Q4FY24 Q4FY24 ₹ 4,133 cr 5.28% 44.76% 2.97% PAT NIM Cost / Income ROA FY25 ₹ 16,450 cr 19% 4.96% 43.36 % 2.65% excl. gain on KGI divestment ₹ 13,720 cr 4.96% 47.17% 2.21% FY24 FY24 ₹ 13,782 cr 5.32% 45.99% 2.61% Cust
Slide 10: Bank’s Profit and Loss Account – Q4FY25
Bank’s Profit and Loss Account – Q4FY25 ₹ cr Q4FY25 Q4FY24 Q3FY25 YoY Notes Net Interest Income 7,284 6,909 7,196 5% Other Income 3,182 2,979 2,623 7% Q4FY25 includes provision on AIF investment of ₹ 56 cr Fee and Services 2,616 2,467 2,362 6% (reversal of provision in Q4FY24: ₹ 157 cr) Trading and
Slide 11: Bank’s Profit and Loss Account - FY25
Bank’s Profit and Loss Account - FY25 ₹ cr FY25 FY24 YoY Notes Net Interest Income 28,342 25,993 9% Other Income 11,418 10,273 11% FY25 includes provision on AIF investment of ₹ 47 cr (FY24 ₹33 cr) Fee and Services 9,530 8,464 13% Trading and MTM income* 253 354 -29% Others 1,635 1,455 12% FY25 incl
Slide 12: Balance Sheet
Balance Sheet ₹ cr 31-Mar-25 31-Mar-24 31-Dec-24 ₹ cr 31-Mar-25 31-Mar-24 31-Dec-24 Capital & Reserves and Surplus 117,146 96,639 114,870 Cash, Bank and Call 65,779 52,788 41,115 Deposits 499,055 448,954 473,497 Investments 181,907 155,404 163,819 of which, CASA 214,416 204,304 200,412 Net Advances
Slide 13: Deposits
Deposits CASA (EOP) (₹ cr) Averages Q4FY25 YoY % Q4FY24 43.0% 45.5% 42.3% CASA % Total Deposits 468,486 15% 408,321 19,606 20,017 16,198 Floating rate SA Current Account 65,427 9% 60,160 111,950 109,314 109,079 Fixed rate SA CA -1% Savings Account 122,611 123,457 82,861 75,208 74,899 Term Deposit 28
Slide 14: Customer Assets
Customer Assets ₹ cr 31-Mar-25 31-Mar-24 31-Dec-24 YoY QoQ Advance Mix Home Loans & LAP 127,025 106,726 121,700 19% 4% Business Banking 42,797 35,997 41,687 19% 3% 3% Consumer PL, BL and Consumer Durables 24,818 20,049 21,298 24% 17% 8% Commercial Credit Cards 13,420 14,505 14,117 -7% -5% Consumer 2
Slide 15: Asset Quality
Asset Quality ₹ cr Q4FY25 Q4FY24 Q3FY25 ₹ cr 31-Mar-25 31-Mar-24 31-Dec-24 Opening GNPA 6,266 6,302 6,033 GNPA (%) 1.42% 1.39% 1.50% Fresh Slippages 1,488 1,305 1,657 NNPA (%) 0.31% 0.34% 0.41% Upgradations & Recoveries 747 772 762 PCR (%) 78% 76% 73% Write-offs 873 1,560 662 GNPA 6,134 5,275 6,266
Slide 16: Technology Update
Technology Update Continuing to strengthen our tech backbone Resilience Efficiency Security Data Tech @ Kotak • Implemented Real • Frontline digitization • Upgraded • Implemented Kotak • High quality in-house Applications Clusters o Transaction encryption/masking Cloud Data Platform engineering team
Slide 17: Customised solutions by customer segment
Customised solutions by customer segment Affluent Core* Capital Markets Corporate & SME Merchants New Kotak Bank App Kotak811 Kotak Neo Kotak fyn New Merchant lifecycle • App for all • Full-stack digital • Full-suite • Enterprise portal management platform customer needs - banking platform: Stocks,
Slide 18: Kotak Securities
Kotak Securities ₹ cr Q4FY25 Q4FY24 Q3FY25 FY25 FY24 KS Cash ADV (₹ cr) Total Income 1,315 1,214 1,355 5,348 3,982 Profit After Tax 348^ 378 448 1,640^ 1,226 Cash Market Share* (%) 8.8 10.2 9.1 9.4 10.2 7,858 6,667 7,320 5,698 5,820 Derivative Market Share* (%) 13.6 12.0 12.7 12.9 12.6 Overall Marke
Slide 19: Kotak Mahindra AMC & Trustee Co.
Kotak Mahindra AMC & Trustee Co. Average Assets Under Management (₹ cr) - Overall ₹ cr Q4FY25 Q4FY24 Q3FY25 FY25 FY24 Profit After Tax 364* 150 240 977* 525 *PAT for Q4FY25 and FY25 includes gains of ₹164 cr on account of alignment of 487,155 492,721 valuation of investment portfolio as per RBI’s Ma
Slide 20: Assets Under Management
Assets Under Management Total: Total: ₹ 669,885 ₹ 560,140 Cr. cr 20% Total: Total: ₹ 560,140 ₹ 420,880 Cr. cr Domestic MF Equity Domestic MF 313,084 Equity 246,771 Domestic MF Debt Domestic MF Debt 44% 165,372 47% 134,469 25% 24% Offshore Funds^ 31st Mar, 31st Mar, 51,236 2025 Offshore Funds^ NPS &
Slide 21: Alternate Assets
Alternate Assets Comprehensive platform covering 4 different asset classes Total funds raised since inception Real Estate1 Private Equity3 Infrastructure Private Credit2 USD 4,970 mn USD 1,976 mn USD 753 mn USD 3,230 mn USD 10.9 bn Key Business Updates Total funds raised - Since inception (USD mn) K
Slide 22: Kotak Mahindra Life Insurance
Kotak Mahindra Life Insurance ₹ cr FY25 Individual New Business Product Mix# FY25 Indian Embedded Value (IEV)* 17,612 Participating Products 31.9% Non-Participating Products 27.0% Value of New Business (VNB) * 959 ULIP 28.2% VNB Margin (%)* 25.0% Annuity Products (Non participating) 12.9% Highlights
Slide 23: Kotak Mahindra Life Insurance
Kotak Mahindra Life Insurance ₹ cr Q4FY25 Q4FY24 Q3FY25 FY25 FY24 Gross written premium (₹ cr) Capital and Reserves & 7,239 7,478 4,293 18,376 17,708 6,403 5,863 6,331 6,403 5,863 Surplus Total Premium 7,239 7,478 4,293 18,376 17,708 3,793 2,294 9,832 8,736 4,340 Profit After Tax 73 109 164 769 689
Slide 24: Kotak Mahindra Prime
Kotak Mahindra Prime ₹ cr Q4FY25 Q4FY24 Q3FY25 FY25 FY24 NII 584 493 527 2,133 1,870 175 126 148 Customer assets* (₹ Cr.) Other Income 686 500 40,123 38,250 -Of which MTM on OIS 42^ (5) (15) 47^ 10 34,481 and Investments Total Income 759 619 675 2,819 2,370 33,421 32,248 29,784 Operating Expenses 27
Slide 25: Geographical Presence
Geographical Presence Group Branches distributed across various geographies Bank Branch Classification (No. | %) Metro 985 | 46% Network in India Branches Urban 471 | 22% Semi Urban 318 | 15% Kotak Bank 2,148 2,148 Rural 374 | 17% Kotak Mahindra Prime 159 Kotak Life Insurance 323 Kotak Securities# 1
Slide 26: Strategy to transform for scale
Strategy to transform for scale Our Enablers 25
Slide 27: Creating Value for Our Stakeholders
Creating Value for Our Stakeholders Customers: The Heart of Our Business Getting it right by our customers by understanding their needs and building appropriate propositions for them and thus being the right partner to them. This will help us scale our business and expand market share. 1 Customers D
Slide 28: Kotak’s Unique Financial Conglomerate Structure
Kotak’s Unique Financial Conglomerate Structure Parent Company Kotak Mahindra Bank Kotak Securities Bank Stock Broking Kotak Mahindra Prime Kotak Mahindra Capital Company Car and Two-Wheeler Loans Banking & Capital Investment Banking Other Markets Kotak Mahindra Investments Lending & Investments Len
Slide 29: Delivering value to our customers through the power of ‘One Kotak’
Delivering value to our customers through the power of ‘One Kotak’ Individuals Corporate & Institutional Public Institutional Conglomerates UHNI Central Govt. Institutional NRI Clients State Govt. Affluent Large Corporates Public Sector Core* Mid Markets/SME Enterprises Financial Inclusion Public Se
Slide 30: Strong and Committed Leadership Team
Strong and Committed Leadership Team Ashok Vaswani Shanti Ekambaram Jaideep Hansraj Devang Gheewalla Paul Parambi 1 Year 34 Years 32 Years 20 Years 33 Years Managing Deputy Managing Whole Time Director Group Chief Risk Group CFO Director & CEO Director Officer Vyomesh Kapasi Manish Kothari 31 Years
Slide 31: Disclaimer
Disclaimer This presentation is for information purposes only and Equity does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Kotak Mahindra Bank Limited (the “Bank”) and no part of it shall form the basis of or be relied upon in connect