Kotak Mahindra Financial institution reported a internet revenue of ₹3,305 crore for Q3FY25, marking a ten per cent year-on-year (y-o-y) improve and flat development on a quarter-on-quarter foundation, pushed by steady core revenue development. The financial institution’s internet curiosity revenue (NII) rose 10 per cent y-o-y to ₹7,196 crore, whereas different revenue elevated 14 per cent y-o-y to ₹2,623 crore.
These sturdy third-quarter outcomes have led to “Purchase” upgrades from 5 main brokerage corporations. DAM Capital set a goal value (TP) of ₹2,020, whereas Motilal Oswal raised its TP to ₹2,100 from ₹1,900. ICICI Securities hiked its TP to ₹2,050 from ₹1,850, and B&Ok Securities elevated its TP to ₹2,111 from ₹1,908. Nuvama Analysis additionally upgraded to “Purchase,” elevating its TP to ₹2,040 from ₹1,615.
