Mumbai, October 24 — Kotak Mahindra Bank on Saturday reported a standalone profit after tax (PAT) of Rs 4,212 crore for the quarter ended September 30, 2026 (Q2 FY27), up 29% year-on-year from Rs 3,253 crore and up 2% from Rs 4,123 crore in the June quarter, the bank's results release said.

Source: Kotak Mahindra Bank Q2 release via TaxGuru

The Hindu BusinessLine's live results coverage also reported the 29% profit rise at 14:42 IST on Saturday, saying the result beat estimates, driven by loan growth and lower provisions, with net interest income up 16%.

Source: The Hindu BusinessLine Q2 live

Rs 4,212 croreStandalone PAT in Q2 FY27 — yaani Rs 42.12 billion, up 29% year-on-year
Rs 8,459 croreNet interest income, up 16% year-on-year
4.31%Net interest margin, down from 4.54% a year earlier
1.04%Gross NPA ratio on September 30, 2026, with net NPA at 0.24%

Net interest income rose to Rs 8,459 crore from Rs 7,311 crore a year earlier, while operating profit climbed 21% to Rs 6,382 crore as operating expenses rose 14% to Rs 5,271 crore, the release said. Provisions fell 15% to about Rs 803 crore, with credit cost easing to 0.35% from 0.79% a year earlier, according to the bank's figures reported by TaxGuru and NewsPlainly.

Source: NewsPlainly

On the balance sheet, net advances grew 25% year-on-year to Rs 577,295 crore — yaani about Rs 5.77 lakh crore — and total deposits rose 23% to Rs 651,491 crore, the release said. The bank said its standalone capital adequacy ratio stood at 21.9% with a CET1 ratio of 21.4% under Basel III norms, and consolidated PAT was Rs 5,645 crore, up 26% year-on-year.

Source: Kotak Mahindra Bank Q2 release via TaxGuru

The bank attributed the margin easing mainly to mobilisation of FCNR(B) deposits during the quarter. The CASA ratio was reported at 38.2%, or 41.8% excluding those FCNR(B) deposits, in the bank's reported figures.

Source: Kotak Mahindra Bank Q2 release via TaxGuru