Kotak Mahindra Bank has announced its audited financial results for the quarter and year ended March 31, 2026. The Bank delivered a robust performance, with a standalone profit after tax (PAT) of ₹14,008 crore for the fiscal year. Quarterly results for Q4FY26 (January–March) showed significant growth, with standalone PAT rising 13% year-on-year to ₹4,027 crore, driven by steady increases in Net Interest Income and a reduction in provisions.
Financial Highlights for FY26
For the financial year ended March 31, 2026, Kotak Mahindra Bank recorded a standalone profit after tax of ₹14,008 crore. The bank’s core revenue stream, Net Interest Income, saw a healthy 6% year-on-year growth, reaching ₹30,010 crore. Operating profit for the full year stood at ₹22,067 crore, reflecting a 5% increase compared to the previous fiscal year.
Quarterly Performance Analysis
The final quarter of the fiscal year, Q4FY26, demonstrated strong momentum. Standalone PAT reached ₹4,027 crore, marking a 13% year-on-year and 17% quarter-on-quarter improvement. Net Interest Income for the quarter increased to ₹7,876 crore, up 8% from the same period last year. Notably, provisions decreased significantly by 43% year-on-year to ₹516 crore, signaling improved asset quality.
Asset Quality and Growth
The bank’s asset base continued to expand, with Net Advances growing 16% year-on-year to ₹496,009 crore. Customer assets, which include credit substitutes, rose by 14% to reach ₹545,716 crore. Asset quality metrics showed continued improvement, with Gross NPA standing at 1.20% and Net NPA at 0.25% as of March 31, 2026. The Provision Coverage Ratio strengthened to 79%.
Consolidated Performance
On a consolidated basis, the group achieved a total profit after tax of ₹19,288 crore for the fiscal year. The fourth quarter contribution was ₹5,423 crore, representing a 10% growth over the previous year. The bank maintains a solid capital position, reporting a Capital Adequacy Ratio of 22.4% and a CET1 ratio of 21.3% under Basel III standards. The Board has recommended a dividend of ₹0.65 per equity share for the fiscal year, subject to shareholder approval.
Source: BSE
