Kotak Mahindra Bank Limited (NSE: KOTAKBANK)

Kotak Mahindra Bank Income Statement

Financials in millions INR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2024	Dec 31, 2024	Mar 31, 2024	Dec 31, 2023	Mar 31, 2023	Mar 31, 2022
Interest Income on Loans	600,329	614,525	562,366	501,735	421,511	337,406
Interest Income on Investments	18,820	26,006	-	28,886	-	-
Total Interest Income	619,149	640,531	562,366	530,621	421,511	337,406
Interest Paid on Deposits	261,419	273,271	225,672	205,837	144,111	115,535
Net Interest Income	357,730	367,260	336,694	324,784	277,399	221,871
Net Interest Income Growth (YoY)	14.74%	9.08%	3.67%	17.08%	25.03%	11.76%
Gain (Loss) on Sale of Assets	71.38	71.38	71.38	107.78	107.78	264.3
Gain (Loss) on Sale of Investments	95,616	64,653	74,173	42,148	-5,009	16,950
Other Non-Interest Income	324,628	332,835	306,128	295,676	264,811	232,196
Total Non-Interest Income	420,315	397,559	380,373	337,931	259,910	249,411
Non-Interest Income Growth (YoY)	32.00%	4.52%	12.56%	30.02%	4.21%	5.74%
Revenues Before Loan Losses	778,045	764,819	717,067	662,715	537,309	471,281
Provision for Loan Losses	28,951	32,873	20,988	18,486	6,107	16,060
Revenue	749,094	731,946	696,079	644,228	531,202	455,221
Revenue Growth (YoY)	21.44%	5.15%	8.05%	21.28%	16.69%	12.16%
Salaries and Employee Benefits	112,177	115,757	103,473	98,001	84,790	71,409
Occupancy Expenses	31,999	31,999	31,999	27,422	27,422	21,044
Selling, General & Administrative	23,862	23,856	23,856	19,312	19,312	11,941
Other Non-Interest Expense	331,889	305,501	299,380	270,432	204,925	199,699
Total Non-Interest Expense	497,402	474,599	456,344	413,384	335,005	302,518
EBT Excluding Unusual Items	251,691	257,346	239,735	230,844	196,198	152,703
Other Unusual Items	39,297	39,297	1,263	1,710	1,710	8,355
Pretax Income	290,988	296,643	240,998	232,554	197,907	161,058
Income Tax Expense	70,047	71,339	58,866	58,130	48,657	40,164
Earnings From Continuing Operations	220,942	225,304	182,132	174,424	149,250	120,894
Net Income	220,942	225,304	182,132	174,424	149,250	120,894
Preferred Dividends & Other Adjustments	385.1	385.1	385.1	405	405	405
Net Income to Common	220,557	224,919	181,747	174,019	148,845	120,489
Net Income Growth	28.66%	23.70%	4.42%	16.87%	23.46%	21.01%
Basic Shares Outstanding	1,988	1,988	1,987	1,987	1,986	1,983
Diluted Shares Outstanding	1,988	1,988	1,987	1,987	1,986	1,984
Shares Change (YoY)	0.04%	0.03%	0.02%	0.04%	0.11%	0.69%
EPS (Basic)	110.95	113.13	91.45	87.58	74.96	60.76
EPS (Diluted)	110.95	113.13	91.45	87.58	74.94	60.73
EPS Growth	28.69%	23.71%	4.42%	16.86%	23.40%	20.28%
Dividend Per Share	-	-	2.000	-	1.500	1.100
Dividend Growth	-	-	-	-	36.36%	22.22%
Effective Tax Rate	24.07%	24.05%	24.43%	25.00%	24.59%	24.94%

Source: S&P Capital IQ. Banks template. Financial Sources.