Kotak Mahindra Bank Q3 Profit Up 4%, Misses Estimates; Asset Quality Improves
Share Market
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CNBC Awaaz•24-01-2026, 15:05
Kotak Mahindra Bank Q3 Profit Up 4%, Misses Estimates; Asset Quality Improves
- •Kotak Mahindra Bank reported a 4.3% year-on-year increase in net profit to ₹3,446 crore for Q3, falling short of market estimates.
- •Net Interest Income (NII) grew by 5.1% year-on-year to ₹7,564 crore, also slightly below estimates.
- •Asset quality showed improvement with Gross NPA declining to 1.30% and Net NPA to 0.31% quarter-on-quarter.
- •Net Interest Margin (NIM) remained stable at 4.54%, consistent with the previous quarter but lower than a year ago.
- •The bank's consolidated net worth reached ₹175,251 crore, with a strong Capital Adequacy Ratio of 23.3%.
Why It Matters: Kotak Mahindra Bank's Q3 profit and NII grew but missed estimates, while asset quality significantly improved.
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