Kotak Mahindra Bank Q4 Results Review: Motilal Oswal Reiterates 'Buy', Hikes Target Price To Rs 2,500

Kotak Mahindra Bank reported a standalone Q4 FY25 PAT of ~Rs 35.5 billion (6% miss on the brokerage's estimate), because of higher provisions (to shore up PCR, partly due to AIF provisions of Rs 560 million). Consolidated profit after tax stood at Rs 49 billion (5% QoQ growth and 8% YoY decline) in Q4 FY25. NII grew 5.4% YoY to Rs 72.8 billion (largely in line). NIM expanded 4 bp QoQ to 4.97% (Motilal Oswal's estimate: 4.92%).