Kotak Mahindra Bank Limited · NSE:KOTAKBANK
Kotak Mahindra Bank — Q3 FY25 Earnings Presentation
28 slides from Kotak Mahindra Bank's earnings presentation, Jan 18, 2025
Slide 1: Exchange filing cover letter for investor presentation
January 18, 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 Symbol: KOT
Slide 2: Transforming for scale: Investor Presentation Q3FY25
Transforming for scale Investor Presentation Q3FY25 Presentation on financial results for the Period ended 31st December, 2024 18th January, 2025
Slide 3: Key Updates for Q3FY25
Consolidated • PAT: ₹ 4,701 cr, Up 10% YoY • ROE: 12.43% • ROA: 2.30% • Book value / share : ₹ 769, Up 23% YoY Key Updates Bank • PAT: ₹ 3,305 cr • Customer Assets: Up 15% YoY for Q3FY25 • NIM: 4.93% • Avg Deposits: Up 15% YoY • CASA Ratio: 42.3% • NNPA: 0.41% Subsidiaries • Kotak Mahindra Capital:
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** 5.2 cr (Balance sheet size as at Sep’24) in the Equity Capital Markets category for Bank Customers the 3rd consecutive year ₹ 3.55 trn
Slide 5: Consolidated Highlights
Consolidated Highlights PAT ROA ROE Q3FY25 ₹ 4,701 cr 10% 2.30% 12.43% Q3FY24 ₹ 4,265 cr 2.46% 13.83% As at Dec’24 Customer Assets* CAR CET-I Book Value / Share ₹ 519,126 cr 15% 23.4% 22.5% ₹ 769 23% As at Dec’23 ₹ 451,524 cr 22.2% 21.2% ₹ 627 CAR and CET-I -as per Basel III, including unaudited pro
Slide 6: Kotak Group PAT - Q3FY25
Kotak Group PAT - Q3FY25 ₹ cr Q3FY25 Q3FY24 Q2FY25 YoY PAT Contribution Kotak Mahindra Bank 3,305 3,005 3,344 10% Kotak Mahindra Prime 218 239 269 (9%) Q3FY25 Kotak Mahindra Investments 107 157 141 (32%) Kotak Infrastructure Debt Fund 12 11 16 16% 84% 78% BSS Microfinance (50) 104 16 - Sonata Financ
Slide 7: Kotak Group PAT - 9MFY25
Kotak Group PAT - 9MFY25 ₹ cr 9MFY25 9MFY24 YoY FY24 PAT Contribution^ Kotak Mahindra Bank 10,168 9,648 5% 13,782 Kotak Mahindra Prime 718 666 8% 888 9MFY25 Kotak Mahindra Investments 386 386 - 514 Kotak Infrastructure Debt Fund 40 32 23% 44 79% 84% BSS Microfinance 17 307 (95%) 383 Sonata Finance 1
Slide 8: Kotak Group Networth & ROE
Kotak Group Networth & ROE ₹ cr PAT Q3FY25 Networth Dec’24 ROE CET-I Networth Contribution Kotak Mahindra Bank 3,305 114,870^ 21.7% Kotak Mahindra Prime 218 9,870 23.2% Kotak Mahindra Investments 107 3,715 35.7% Kotak Infrastructure Debt Fund 12 559 50.6% 85% BSS Microfinance (50) 1,027 Sonata Finan
Slide 9: Bank Highlights
Bank Highlights PAT NIM Cost / Income ROA Q3FY25 ₹ 3,305 cr 10% 4.93% 47.24% 2.10% Q3FY24 ₹ 3,005 cr 5.22% 48.41% 2.20% Customer Assets* Net NPA CASA Ratio CAR CET-I As at Dec’24 ₹ 459,436 cr 15% 0.41% 42.3% 22.8% 21.7% As at Dec’23 ₹ 400,759 cr 0.34% 47.7% 21.2% 20.1% CAR and CET-I -as per Basel II
Slide 10: Profit and Loss Account - Q3FY25
Profit and Loss Account - Q3FY25 ₹ cr Q3FY25 Q3FY24 Q2FY25 YoY FY24 7,196 6,554 7,020 10% 25,993 Notes Net Interest Income Other Income 2,623 2,297 2,684 14% 10,273 2,362 2,144 2,312 10% 8,464 Q3FY24 included provision on AIF investments - ₹190 cr Fee and Services Trading and MTM income* 34 (170) 91
Slide 11: Profit and Loss Account - 9MFY25
Profit and Loss Account - 9MFY25 ₹ cr 9MFY25 9MFY24 YoY FY24 Notes Net Interest Income 21,058 19,084 10% 25,993 Other Income 8,236 7,295 13% 10,273 9MFY24 included provision on AIF investments - ₹190 cr Fee and Services 6,915 5,998 15% 8,464 Trading and MTM income* 230 220 - 354 9MFY24 included prov
Slide 12: Balance Sheet
Balance Sheet ₹ cr 31-Dec-24 31-Dec-23 30-Sep-24 ₹ cr 31-Dec-24 31-Dec-23 30-Sep-24 Capital & Reserves and Surplus 114,870 92,994 110,646 Cash, Bank and Call 41,115 27,509 32,588 Deposits 473,497 408,636 461,454 Investments 163,819 145,751 175,532 of which, CASA 200,412 195,049 201,275 Net Advances
Slide 13: Deposits
Deposits CASA (EOP) (₹ cr) Averages Q3FY25 YoY % Q3FY24 42.3% 47.7% 43.6% CASA % Total Deposits 458,614 15% 398,908 16,198 17,074 20,364 Floating rate SA Current Account 66,589 12% 59,337 109,314 109,611 109,187 Fixed rate SA CA Savings Account 124,282 1% 123,227 74,899 68,788 71,299 Term Deposit 26
Slide 14: Customer Assets
Customer Assets ₹ cr 31-Dec-24 31-Dec-23 30-Sep-24 YoY QoQ Advance Mix Home Loans & LAP 121,700 102,234 116,715 19% 4% Business Banking 41,687 33,790 40,002 23% 4% 2% Consumer PL, BL and Consumer Durables 21,298 19,310 20,868 10% 2% 8% Commercial Credit Cards 14,117 13,881 14,446 2% (2%) Consumer 19
Slide 15: Asset Quality
Asset Quality ₹ cr Q3FY25 Q3FY24 Q2FY25 ₹ cr 31-Dec-24 31-Dec-23 30-Sep-24 Opening GNPA 6,033 6,087 5,477 GNPA (%) 1.50% 1.73% 1.49% Fresh Slippages 1,657 1,177 1,875 NNPA (%) 0.41% 0.34% 0.43% Upgradations & Recoveries 762 830 681 PCR (%) 73% 81% 71% Write-offs 662 132 638 GNPA 6,266 6,302 6,033 Cl
Slide 16: Update on RBI Supervisory Action
Update on RBI Supervisory Action Order and Impact assessment Update on action taken Business & Financial Impact Reserve Bank of India (“RBI”) order of 24th Bank has made substantial progress Potential financial impact continues April 2024, directs the Bank to cease and on the observations of the RBI
Slide 17: Kotak Securities
Kotak Securities ₹ cr Q3FY25 Q3FY24 Q2FY25 FY24 KS Cash ADV (₹ cr) Total Income 1,355 999 1,380 3,982 Profit After Tax 448 306 444 1,226 Cash Market Share* (%) 9.1 10.3 9.3 10.2 8,354 6,667 5,862 5,820 Derivative Market Share* (%) 12.7 12.4 13.0 12.6 Overall Market Share*(%) 11.5 11.6 11.6 11.8 Q3FY
Slide 18: Kotak Mahindra AMC & Trustee Co.
Kotak Mahindra AMC & Trustee Co. Average Assets Under Management (₹ cr) - Overall ₹ cr Q3FY25 Q3FY24 Q2FY25 FY24 Profit After Tax 240 146 197 525 492,721 473,634 Other Highlights 353,885 346,589 • Investment profit (pre tax): Q3FY25: ₹ 37 cr (Q3FY24: ₹13 cr) Q3FY25 Q3FY24 Q2FY25 FY24 • Proportion of
Slide 19: Assets Under Management
Assets Under Management Total: Total: ₹ 686,197 ₹ 560,140 Cr. cr 29% Total: Total: ₹ 533,365 ₹ 420,880 Cr. cr Domestic MF Equity Domestic MF 319,161 Equity 229,168 Domestic MF Debt Domestic MF Debt 43% 169,823 47% 133,023 25% 25… Offshore Funds 31st Dec, 31st Dec, 52,082 2024 Offshore Funds^ NPS & P
Slide 20: Kotak Mahindra Life Insurance
Kotak Mahindra Life Insurance ₹ cr Q3FY25 Q3FY24 Q2FY25 FY24 Gross written premium (₹ cr) 17,708 Capital and Reserves & Surplus 6,331 5,754 6,166 5,863 4,293 3,975 3,987 Total Premium 4,293 3,975 3,987 17,708 2,294 2,058 1,997 8,736 Profit After Tax 164 140 360 689 (Shareholders’) 976 955 4,713 1,07
Slide 21: Kotak Mahindra Prime
Kotak Mahindra Prime ₹ cr Q3FY25 Q3FY24 Q2FY25 FY24 NII 527 474 520 1,870 148 159 209 500 Customer assets* (₹ Cr.) Other Income 38,250 37,589 -Of which MTM (15) 18 25 10 32,944 Total Income 675 633 729 2,370 32,248 32,118 Operating Expenses 293 263 283 1,000 27,948 Operating Profit 382 370 446 1,370
Slide 22: Geographical presence
Geographical presence Group Branches distributed across various geographies Bank Branch Classification (No. | %) Metro 942 | 46% Network in India Branches Urban 451 | 22% Semi Urban 315 | 15% Kotak Bank 2,068 2,068 Rural 360 | 17% Kotak Mahindra Prime 161 Kotak Life Insurance 323 Kotak Securities# 1
Slide 23: Strategy to transform for scale: Our Enablers
Strategy to transform for scale Our Enablers 22
Slide 24: 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. Customers 1 D
Slide 25: 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 26: 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 27: 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 Designate* Officer Manish Kothari Paritosh Kash
Slide 28: 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