Kotak Mahindra Bank q3 result: PAT jumps 31% YoY to Rs 3,403 crore in December

Kotak Mahindra Bank reported 31% rise YoY in consolidated profit after tax (PAT) at Rs 3,403 crore for the quarter ended December 31, 2021. The private lender has recorded Rs 2,602 crore PAT in Q3FY21 and Rs 2,989 crore for Q2FY22.  

For Q3FY22, net contribution of non-bank entities was 37% of the consolidated PAT, said the bank in a statement.  

At the consolidated level, the Return on Assets (ROA) (annualized) was 2.60% for Q3FY22 (2.21% for Q3FY21) and the Return on Equity (ROE) (annualized) was 14.8% for Q3FY22 (12.8% for Q3FY21). 

Consolidated Capital adequacy ratio, including unaudited profits, as per Basel III as at December 31, 2021 was 24.5% and Tier I ratio was 23.7%. 

Consolidated Capital and Reserves & Surplus as at December 31, 2021 was ` 93,141 crore (` 82,116 crore as at December 31, 2020). The Book Value per Share was ` 467. AUM (Policyholders’) of Kotak Mahindra Life Insurance as on December 31, 2021 grew 23.8% yoy to ` 49,221crore. 

Consolidated Customer Assets grew by 21% from ` 255,768 crore as at December 31, 2020 to ` 309,042 crore as at December 31, 2021. 

Total assets managed / advised by the Group as at December 31, 2021 were ` 386,465 crore up 23% over ` 314,833 crore as at December 31, 2020. 

The Relationship Value of the customers of Wealth, Priority Banking and Investment Advisory was ~649,000 crore as at December 31, 2021 up 73% from ~ ` 375,000 crore as at December 31, 2020.