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Kotak Mahindra Bank Q3 Results Review — Systematix Retains 'Buy' On The Stock; Hikes Target Price - Here's Why
The brokerage retains Buy rating on the stock with an updated target price of Rs 2,100 valuing the standalone bank at 2.2x Mar’27 ABVPS for FY25-27E RoA/RoE of 2.17%/12.5%. (versus Rs 2,010 earlier)
19 Jan 2025, 06:32 PM IST 
Kotak Mahindra Bank reported Q3 FY25 profit after tax of Rs 33 billion (-1.2% QoQ, +10% YoY) which was better than expectations mainly due to higher margins, lower opex and better than expected asset quality performance.
(Photo source: Vijay Sarape/ NDTV Profit)
Kotak Mahindra Bank Ltd.'s management highlighted that asset quality has been improving in personal loans, stabilized in credit cards while peak of slippages is yet to be achieved in MFI over next two quarters.
