Kotak Bank to announce Q2 results today. Here's what to expect

India’s third largest private lender by way of market capitalisation, Kotak Mahindra Bank will announce its September quarter results on Saturday along with 21 other BSE listed companies. The company is expected to report a 9.6%-13% jump in net interest income (NII) for the quarter ended September 30, 2024, according to estimates of five brokerages.

The NII range is seen between Rs 7,122 crore and Rs 6,898 crore aided by double-digit growth in loans.

Profit after tax (PAT) for Kotak Bank in the reporting quarter could be in the range of Rs 3,588 crore and Rs 3,058 crore, estimates revealed, pegging the net profit growth by up to 12.4% on a YoY basis.


While JM Financial remains most bullish on NII and PAT numbers, ICICI Securities holds the most conservative view. On the PAT front, ICICI Securities expects a 4.2% decline even as its other peers see a growth of 12.4%-5.5%.

Japanese brokerage Nomura, PhillipCapital and Sharekhan are other top brokerages whose estimates have been taken into account.

Read More: Kotak Mahindra Bank Q2 Results Preview: NII may surge by up to 13% YoY on double-digit loan growth

Kotak Bank had reported a standalone net profit of Rs 6,250 crore in the June quarter, which was up by 81% over Rs 3,452 crore reported in the year-ago period. The profit after tax (PAT) was above the Street's estimates of Rs 3,682 crore. The net interest income (NII) for the reported quarter stood at Rs 6,842 crore, up by 10% YoY versus Rs 6,234 crore reported by the company in the year-ago period.

The bank's consolidated profit after tax (PAT) jumped to Rs 7,448.16 crore versus Rs 4,150.19 crore in Q1FY24 which was higher by 79%.

Net interest margin (NIM) was reported at 5.02% for Q1FY25.

Kotak Bank shares have been market laggards, underperforming not just the Nifty Bank index but also the broader Nifty in 2024 so far and on a 1-year basis.

Stock's price on a year-to-date basis has seen erosion of 2% while gaining 6% in 1 year. Meanwhile, Bank Nifty and Nifty's YTD returns stand at 8% and 14% and 1-year returns at 18% and 26%, respectively.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)