Kotak Mahindra Bank500247Quarterly results

Q2FY27 results: standalone PAT ₹ 4,212 crore, up 29% YoY; consolidated PAT ₹ 5,645 crore

Kotak Mahindra Bank declared unaudited Q2FY27 and half-year results.

By ScoutQuest · Sat 24 Oct 2026, 1:35 PM IST · 3 min read

Standalone PAT for Q2FY27 was ₹ 4,212 crore, up 29% YoY from ₹ 3,253 crore in Q2FY26 and up 2% QoQ from ₹ 4,123 crore in Q1FY27.
Consolidated PAT for Q2FY27 was ₹ 5,645 crore, up 26% YoY from ₹ 4,468 crore and up 3% QoQ from ₹ 5,480 crore.
Net Interest Income was ₹ 8,459 crore, up 16% YoY from ₹ 7,311 crore and up 7% QoQ from ₹ 7,928 crore.

Net Interest Margin stood at 4.31% for Q2FY27, compared with 4.54% in Q2FY26 and 4.53% in Q1FY27. The bank said the moderation was largely on account of FCNR(B) mobilisation during the quarter.
Cost of funds was 4.52%, against 4.70% in Q2FY26 and 4.46% in Q1FY27.
Fees and services rose 21% YoY to ₹ 2,926 crore. Operating expenses rose 14% YoY to ₹ 5,271 crore, while cost to assets improved to 2.40% from 2.67%.
Operating profit was ₹ 6,382 crore, up 21% YoY from ₹ 5,268 crore.
Provisions were ₹ 803 crore, down 15% YoY from ₹ 947 crore. Annualised credit cost was 0.35% against 0.79% in Q2FY26.

Net advances grew 25% YoY to ₹ 577,295 crore as at September 30, 2026 from ₹ 462,688 crore. Excluding loans against FCNR(B) deposits and the loan portfolio acquired from Kotak Mahindra Investments Ltd (KMIL), net advances grew 19% YoY.
Standalone customer assets (advances including IBPC and BRDS, plus credit substitutes) grew 23% YoY to ₹ 626,801 crore; on a consolidated basis these were ₹ 699,250 crore, up 21%.
Total period-end deposits grew 23% YoY to ₹ 651,491 crore from ₹ 528,776 crore. Excluding FCNR(B) deposits, total deposits grew 13% YoY.
Average total deposits were ₹ 606,234 crore, up 19% YoY; average current deposits ₹ 82,026 crore, up 17%; average fixed-rate savings deposits ₹ 129,731 crore, up 14%; average term deposits ₹ 379,765 crore, up 22%.
CASA ratio as at September 30, 2026 was 38.2% versus 42.3% a year earlier; excluding FCNR(B) deposits it was 41.8%. Credit to deposit ratio was 88.6% against 87.5%.

Slippages fell 24% YoY to ₹ 1,230 crore from ₹ 1,629 crore.
GNPA was 1.04% and NNPA 0.24%, against 1.39% and 0.32% as at September 30, 2025. Provision coverage ratio was 78% (77%).
Standalone annualised ROA was 1.92% and ROE 11.65%.
Capital adequacy ratio (Basel III) was 21.9% and CET1 ratio 21.4%.
Customers as on September 30, 2026 were 5.1 crore.

Kotak Securities PAT ₹ 348 crore, Kotak Asset Management & Trustee Company ₹ 287 crore, Kotak Mahindra Prime ₹ 251 crore, Kotak Mahindra Life Insurance ₹ 198 crore, Kotak Mahindra Investments ₹ 135 crore, Kotak Alternate Asset Managers ₹ 87 crore, Kotak Mahindra Capital ₹ 80 crore.
Consolidated customer assets under management were ₹ 814,118 crore, up 8% YoY; total domestic MF AUM rose 10% YoY to ₹ 615,679 crore.
Consolidated networth was ₹ 194,706 crore. Book value per share rose 16% YoY to ₹ 196 from ₹ 169, computed on the basis of sub-division of 1 equity share of face value of ₹ 5 each into 5 equity shares of ₹ 1 each with effect from 14th January, 2026.
Consolidated annualised ROA was 2.10% and ROE 11.70%. Consolidated capital adequacy ratio was 22.4%, CET1 22.1% and average liquidity coverage ratio 137.4%.
The bank had a national footprint of 2,327 branches and 2,673 ATMs (including cash recyclers) as on 30th Sep, 2026, plus branches in GIFT City and DIFC (Dubai).

Also from Kotak Mahindra Bank

24 Oct 2026

24 Oct 2026

24 Oct 2026