Kotak Mahindra Bank Q3 Results: Date, Time, Earnings Conference Call Details And More

Kotak Mahindra Bank Ltd. is set to declare its financial results for the quarter ended Dec. 31, 2024, this week. With a market cap of nearly Rs 3.5 lakh crore, Kotak is one of the most prominent lenders in India and its financial updates have always been a focus of the markets and investors.

Ahead of Kotak Mahindra Bank Q3 results, here is everything you need to know about the date, time and schedule.

In a stock exchange filing on Jan. 8, Kotak Mahindra Bank said that it will declare its financial results on Saturday, Jan. 18.

"We wish to inform you that a meeting of the Board of Directors of Kotak Mahindra Bank Limited (“Bank”) will be held on Saturday, Jan. 18, 2025 to, inter alia consider, approve and take on record the consolidated and standalone unaudited financial results of the bank for the quarter and nine months ended December 31, 2024, along with the limited review report of the Joint Statutory Auditors on the same," the filing read. 

The board of directors will also consider a proposal for raising funds by issuing unsecured, redeemable, non-convertible debentures, on a private placement basis during fiscal 2026, the bank added. This will be done in one or more tranches or series.

The trading window for transactions in the bank's securities, which closed on Jan. 1, will reopen 48 hours after the announcement of the Q3 results.

The company will hold an earnings conference call to discuss the consolidated and standalone unaudited financial results of the bank for the quarter and nine months ended December 31, 2024, on Saturday, January 18, 2025 at 5:30 p.m.

"The Investor Presentation on the said Financial Results, the audio recording and the transcript of the Earnings Conference Call will be put up on the Bank's website," Kotak Mahindra Bank said in an exchange filing on Jan. 14.

Shares of Kotak Mahindra Bank have risen over 1% in the past week while it has slipped nearly 3% in the past year. At 11:15 a.m. on Thursday, the stock was trading at Rs 1,800 apiece on the NSE.

Kotak Mahindra Bank Ltd.'s standalone net profit rose 4.8% year-on-year to Rs 3,344 crore in Q2 FY25. The bank's net interest income jumped 11% YoY to Rs 7,020 crore from Rs 6,297 crore in the year-ago period. Provisions for the quarter stood at Rs 660 crore, marking an 80% year-on-year increase. However, the bank's asset quality worsened, with the gross non-performing assets rising to 1.49% as of Sept. 30, up from 1.39% in the previous quarter but lower than 1.72% a year ago. The net NPA also increased to 0.43% in Q2, from 0.35% in the preceding quarter and 0.37% a year ago.