Kotak Mahindra Bank500247Quarterly results
Board approves unaudited Q2 and H1 FY27 results; auditors' review conclusion unmodified
Board met on 24 October 2026 and approved the consolidated and standalone unaudited results for the quarter and half-year ended 30 September 2026, as recommended by the Audit Committee.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Total income | 29,426.88 | 24,901.39 | +18.2% | 30,068.60 | −2.1% |
| Profit before tax | 7,530.30 | 5,962.77 | +26.3% | 7,508.86 | +0.3% |
| Profit after tax | 5,645.38 | 4,468.27 | +26.3% | 5,480.46 | +3% |
| Basic EPS | 5.68 | 4.49 | +26.5% | 5.51 | +3.1% |
- Profit after tax YoY growth
- +26.3%
- Period
- 30-Sep-26 (Unaudited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- On 25th September 2026, boards of KMIL and KAAML (wholly-owned subsidiaries) approved a Scheme of Merger of KMIL with KAAML under Section 233; no impact on consolidated results.
- Exceptional item: KMCC divested 30.99% of 49.99% stake in Infina for ₹1,293.91 crore; pre-tax gain of ₹367.79 crore recognised as exceptional item for year ended 31st March, 2026.
- Sub-division of 1 equity share of ₹5 into 5 shares of ₹1 each effective 14th January, 2026; EPS for all periods adjusted per AS 20.
Board meeting outcome
- The Board of Directors met on 24 October 2026 and approved the Consolidated and Standalone Unaudited Financial Results for the quarter and half-year ended 30 September 2026.
- The Audit Committee recommended the results to the Board.
- These are unaudited results that have gone through a limited review by the joint statutory auditors, not a full audit.
Why a limited review matters
A review is narrower than an audit. Auditors make inquiries and apply analytical procedures instead of verifying everything in detail, and the report itself says a review is substantially less in scope than an audit. The assurance you get is therefore lower than a full audit opinion.
Auditors' conclusion
- The joint statutory auditors are Deloitte Haskins & Sells and M M Nissim & Co LLP.
- Their conclusion is unmodified: nothing came to their attention that causes them to believe the statement has not disclosed what is required, or that it contains any material misstatement. In plain terms, the auditors found nothing that required them to change their conclusion.
- One matter is named as an exception: disclosures relating to consolidated Pillar 3 as at 30 September 2026, including the leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III, were not reviewed by them. These are hosted on the Bank's website, with a link given in Note 9 of the statement.
Key consolidated numbers for the quarter
- Interest earned: 19,855.87 (₹ crore).
- Total income: 29,426.88 (₹ crore).
- Profit after tax: 5,645.38 (₹ crore), against 4,468.27 (₹ crore) in the year-ago quarter.
- Profit after tax for the half year: 11,125.84 (₹ crore).
- Basic earnings per equity share (face value of ₹ 1 per share): ₹ 5.68 for the quarter.
Balance sheet size
- Deposits: 647,459.43 (₹ crore) as at 30 September 2026.
- Advances: 645,578.00 (₹ crore) as at 30 September 2026.
How group companies were covered
- The statement covers the Bank along with its subsidiaries and associates.
- For some of the subsidiaries, the review was carried out by other auditors and the joint auditors relied on those review reports; the conclusion is not modified on that account.
- For Kotak Mahindra Life Insurance Company Limited, an "other matter" paragraph notes that the actuarial valuation of life policy liabilities as at 30 September 2026 was certified by the company's Appointed Actuary. The auditors' conclusion is not modified for this.
What a retail investor can take away
- A clean, unmodified limited review conclusion on numbers that are still unaudited.
- The one named carve-out is the Pillar 3 ratio set, which sits outside the reviewed statement.
- Because the numbers are unaudited and only reviewed, they carry less assurance than the audited annual figures.
5,645.38 (₹ crore)+26.3%
Q ended 30-Sep-254,468.27 (₹ crore)Q ended 30-Sep-265,645.38 (₹ crore)
11,125.84 (₹ crore)Profit after tax, consolidated
Profit after tax, latest quarter5,645.38 (₹ crore)
Profit after tax, quarter5,480.46 (₹ crore)
Also from Kotak Mahindra Bank
Audio recording of Q2 FY27 earnings call made available on bank's website
24 Oct 2026
Board appoints Anu Aggarwal as Senior Management Personnel, effective October 24, 2026
24 Oct 2026
Kotak Mahindra Bank Q2FY27: standalone PAT up 29% to ₹4,212 cr, net advances up 25%
24 Oct 2026
More numbers
- Interest earned, consolidated, quarter ended 30-Sep-2619,855.87 (₹ crore)
- Total income, consolidated, quarter ended 30-Sep-2629,426.88 (₹ crore)
- Profit after tax, consolidated, quarter ended 30-Sep-265,645.38 (₹ crore)
- Profit after tax, consolidated, quarter ended 30-Sep-254,468.27 (₹ crore)
- Profit after tax, consolidated, half year ended 30-Sep-2611,125.84 (₹ crore)
- Deposits, consolidated, as at 30-Sep-26647,459.43 (₹ crore)
- Advances, consolidated, as at 30-Sep-26645,578.00 (₹ crore)
- Total income, latest quarter29,426.88 (₹ crore)
- Total income, year-ago quarter24,901.39 (₹ crore)
- Total income, previous quarter30,068.60 (₹ crore)
- Profit after tax, latest quarter5,645.38 (₹ crore)
- Profit after tax, year-ago quarter4,468.27 (₹ crore)
- Profit after tax, previous quarter5,480.46 (₹ crore)
- Profit before tax, latest quarter7,530.30 (₹ crore)
- Profit before tax, year-ago quarter5,962.77 (₹ crore)
- Profit before tax, previous quarter7,508.86 (₹ crore)
Source: BSE · 24 Oct 2026
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