New Delhi: Kotak Mahindra Bank on Saturday reported web revenue of Rs 3,344 crore in the July-September duration (Q2 FY25), up 5 percent from Rs 3,191 crore in the very same quarter last monetary. Consolidated revenue after tax obligation (RUB) for Q2 FY25 was Rs 5,044 crore, up 13 percent (year-on-year) from Rs 4,461 crore in the very same quarter in 2015, the financial institution claimed in its regulative declaring.
The financial institution reported web passion earnings for the quarter to Rs 7,020 crore, from Rs 6,297 crore in Q2 FY24, up 11 percent YoY. The overall possessions under monitoring (AUM) were Rs 680,838 crore– up 37 percent YoY over Rs 498,342 crore (as on September 30). Kotak Asset Management, the 5th biggest AMC, saw its residential shared fund equity AUM boost by 60 percent YoY to Rs 319,161 crore.
According to the financial institution, typical overall down payments expanded to Rs 446,110 crore for Q2 FY25, contrasted to Rs 385,950 crore for Q2 FY24 which is up 16 percent YoY. Average present down payments expanded to Rs 61,853 crore contrasted to Rs 58,351 crore in in 2015’s quarter, which is a 6 percent YoY development.
“Average cost savings down payments expanded to Rs 124,823 crore for Q2FY25 contrasted to Rs 121,967 crore for Q2FY24, up 2 percent YoY. Average term down payments expanded to Rs 259,434 crore for Q2FY25, contrasted to Rs 205,632 crore for Q2FY24, up 26 percent YoY,” claimed Kotak Mahindra Bank.
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As onSeptember 30, gross non-performing possessions (GNPA) were 1.49 percent and web carrying out possessions (NNPAs) were 0.43 percent (GNPA was 1.72 percent and NNPA was 0.37 percent on September 30, 2023). Standalone return on possessions (ROA) for Q2 FY25 (annualised) was 2.17 percent (2.45 percent for Q2 FY24), the financial institution claimed. The financial institution’s share shut 0.42 percent up at Rs 1,871.85 each on Friday.
