Kotak Mahindra Bank shares drop over 5% after Q1 profit falls 47.5% YoY to Rs 3,282 crore, GNPA at 1.48% vs 1.39% QoQ
Kotak Mahindra Bank shares tumbled over 5% on Monday after the private lender posted a sharp 47.5% year-on-year (YoY) drop in net profit for the quarter ended June 30, 2025 (Q1 FY26). As of 9:16 AM, the shares were trading 5.18% lower at Rs 2,014.50.
The bank reported a consolidated profit of ₹3,281.68 crore for the quarter, down from ₹6,249.82 crore in Q1 FY25, largely due to the absence of a one-time exceptional gain of ₹3,519.90 crore recorded in the same quarter last year.
Despite the profit decline, core business metrics remained steady. Net Interest Income (NII) rose 6% YoY to ₹7,259 crore, reflecting healthy lending activity and stable margins. Total income for the quarter stood at ₹16,916 crore, up from ₹15,675 crore a year ago.
Operating profit before provisions grew to ₹5,563.69 crore from ₹5,254.11 crore YoY. However, higher provisions and contingencies, which surged to ₹1,207.76 crore from ₹578.48 crore YoY, weighed on overall profitability.
Asset quality showed a slight deterioration sequentially. Gross NPAs rose to ₹6,637.70 crore (1.48%) from ₹5,477.15 crore (1.39%), while Net NPAs stood at ₹1,530.93 crore (0.34%) versus ₹1,376.33 crore (0.35%) in the previous quarter.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
an hour ago
- Business Upturn
ED arrests Ex-Axis Mutual Fund chief dealer Viresh Joshi in over Rs 200 crore front-running case
By Aditya Bhagchandani Published on August 3, 2025, 16:58 IST In a major crackdown on the Axis Mutual Fund front-running scandal, the Enforcement Directorate (ED) has arrested Viresh Gangaram Joshi, the former Chief Dealer of Axis Mutual Fund, under the Prevention of Money Laundering Act (PMLA), 2002. The arrest took place on August 2, 2025, and Joshi has been remanded to ED custody until August 8 for further investigation. The ED conducted search operations on August 1 and 2 across multiple locations including Delhi, Mumbai, Gurugram, Ludhiana, Ahmedabad, Bhavnagar, Bhuj, and Kolkata. These operations stem from an FIR filed by Mumbai Police in December 2024, which alleged that Joshi and others used confidential information about Axis Mutual Fund trades between 2018 and 2021 to execute personal trades ahead of client orders—a practice known as front-running. The investigation has uncovered that Joshi used a trading terminal in Dubai and multiple mule trading accounts to carry out these illicit trades. Several traders and brokers are also under the scanner for exploiting advance trade inputs to generate illegal profits. So far, the ED has identified proceeds of crime worth over Rs 200 crore, a figure that may increase as the probe progresses. As part of the operation, the ED has frozen assets—including shares, mutual fund holdings, and bank balances—worth Rs 17.4 crore. The proceeds were allegedly routed through shell companies and bank accounts linked to the accused and their family members. The ED emphasised that front-running erodes investor trust and undermines market integrity. Axis Mutual Fund currently manages assets worth over Rs 2 lakh crore. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
21 hours ago
- Business Upturn
HPCL signs 10-year LNG supply deal with Abu Dhabi's ALNG
By Aman Shukla Published on August 2, 2025, 20:14 IST Hindustan Petroleum Corporation Limited (HPCL) has entered into a strategic agreement with Abu Dhabi Gas Liquefaction Company (ALNG), a subsidiary of ADNOC Gas, for the long-term supply of Liquefied Natural Gas (LNG) over a 10-year period. The agreement, signed under a Heads of Agreement (HOA), marks a major step in bolstering India's energy security and advancing HPCL's clean energy goals. As per the agreement, HPCL will receive LNG at the newly commissioned Chhara LNG Terminal in Gujarat. The imported LNG will be used to meet the fuel requirements of HPCL's refineries, its City Gas Distribution (CGD) network, and for supplying to downstream customers. ALNG, part of ADNOC Gas, is a globally recognized integrated gas processing and sales company. This collaboration highlights the strengthening energy partnership between India and the UAE, while also supporting India's broader transition toward cleaner fuels. This 10-year LNG procurement deal is expected to play a key role in meeting India's growing energy demands while reducing reliance on more carbon-intensive fuels. It reinforces HPCL's long-term commitment to sustainability and a greener energy future. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
a day ago
- Business Upturn
SML Isuzu appoints Vinod Kumar Sahay as Executive Chairman, effective August 3
By Aman Shukla Published on August 2, 2025, 17:11 IST SML Isuzu made several key announcements after its Board meeting held on August 2, 2025. Vinod Kumar Sahay has been appointed as the new Executive Chairman from August 3, 2025, taking over from Chandra Shekhar Verma, who will continue on the Board as an Independent Director. The company also announced changes in its finance leadership. Rakesh Bhalla will step down as CFO on September 30, 2025, and will move into an advisory role. Pushkar Patwardhan has been named CFO (Designate) effective immediately and will take full charge from October 1, 2025. Ritesh Agrawal has joined as the new Chief Operating Officer. With this new structure, Sandeep Chandna and Vikas Sharma will no longer be designated Senior Management Personnel but will remain with the company. Additionally, SML Isuzu's current statutory auditor, Walker Chandiok & Co LLP, has resigned citing independence concerns due to non-audit services provided to the holding company. In their place, B S R & Co. LLP has been appointed as the new statutory auditor effective August 2, 2025, subject to shareholder approval for a five-year term starting from the next AGM. These changes reflect a strategic shift as the company strengthens its leadership team and governance practices. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
