Kotak Mahindra Bank on Saturday reported a 10.22 per cent rise in its December quarter consolidated net profit to ₹4,701 crore.

The lender had reported a net profit of ₹4,265 crore in the year-ago period and ₹5,044 crore in the preceding September quarter.

On a standalone basis, the private sector lender’s net profit increased to ₹3,304 crore from ₹3,005 crore in the year-ago period but was marginally down when compared with the September quarter’s ₹3,343 crore.

The total income increased to ₹16,050 crore from ₹14,096 crore in the year-ago period, while the expenses came at ₹10,869 crore against ₹9,530 crore.

The gross non-performing assets ratio inched up to 1.50 per cent from 1.49 per cent three months ago.

The overall provisions increased to ₹794 crore from ₹579 crore in Q3 FY24 and ₹660 crore in Q2 FY25.

The Kotak Mahindra Bank scrip had closed 2.58 per cent down at ₹1,758.65 apiece on the BSE on Friday against a 0.55 per cent correction on the benchmark.