Kotak Mahindra Bank announced its financial results for the quarter and half-year ended September 30, 2026. Standalone Profit After Tax (PAT) for Q2 FY27 surged by 29% YoY to ₹4,212 crore, while consolidated PAT grew 26% YoY to ₹5,645 crore. Net Interest Income (NII) also saw a substantial increase, reflecting robust operational performance.
Kotak Mahindra Bank Reports Strong Q2 FY27 Financials
Kotak Mahindra Bank Limited today announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved the results at a meeting held in Mumbai.
Standalone Performance Highlights
For the second quarter of FY27 (Q2FY27), the Bank’s standalone Profit After Tax (PAT) recorded a significant growth of 29% year-on-year (YoY), reaching ₹4,212 crore. This compares to ₹3,253 crore in Q2FY26. On a quarter-on-quarter (QoQ) basis, PAT increased by 2% from ₹4,123 crore in Q1FY27.
Net Interest Income (NII) for Q2FY27 increased by 16% YoY to ₹8,459 crore, up from ₹7,311 crore in Q2FY26. QoQ, NII grew by 7% from ₹7,928 crore in Q1FY27. The Net Interest Margin (NIM) for Q2FY27 stood at 4.31%, a slight decrease from 4.54% in Q2FY26, attributed mainly to FCNR(B) deposit mobilisation.
Fees and services income rose by 21% YoY to ₹2,926 crore. Operating expenses increased by 14% YoY to ₹5,271 crore. Operating profit saw a 21% YoY jump to ₹6,382 crore. Provisions for Q2FY27 were ₹803 crore, down 15% YoY.
Net Advances grew by a robust 25% YoY to ₹577,295 crore as of September 30, 2026. Customer Assets, comprising advances and credit substitutes, increased by 23% YoY to ₹626,801 crore.
Consolidated Financials
On a consolidated basis, PAT for Q2FY27 was ₹5,645 crore, an increase of 26% YoY from ₹4,468 crore in Q2FY26. QoQ, consolidated PAT grew by 3% from ₹5,480 crore in Q1FY27.
Total period-end Deposits grew by 23% YoY to ₹651,491 crore. CASA ratio stood at 38.2% as of September 30, 2026. The Credit to Deposit ratio was 88.6%.
Gross Non-Performing Assets (GNPA) was 1.04% and Net Non-Performing Assets (NNPA) was 0.24% as of September 30, 2026. Standalone Return on Assets (ROA) for Q2FY27 was 1.92% (annualised), and Return on Equity (ROE) was 11.65% (annualised).
The Consolidated Capital Adequacy Ratio (CAR) was 22.4% and CET1 ratio was 22.1% as of September 30, 2026. Consolidated Customer Assets Under Management grew to ₹814,118 crore, up 8% YoY.
Source: BSE
