Kotak Mahindra Bank Q1 Results: Net profit climbs 26% YoY to Rs 4,123 crore; NII rises 9%

Kotak Mahindra Bank on Saturday reported a standalone net profit of Rs 4,123 crore for the April-June quarter of the ongoing financial year 2027, marking a nearly 26% year-on-year (YoY) jump from Rs 3,282 crore in the year-ago period.

Net interest income (NII) rose 9% YoY to Rs 7,928 crore in Q1 FY27, from Rs 7,259 crore reported in the same period last year. The bank's net worth, meanwhile, rose over 14% YoY to Rs 1.4 lakh crore.

Asset quality improved on a YoY basis, although NPA ratios increased sequentially. Net NPA declined 11% YoY to Rs 1,358 crore in Q1 FY27 from Rs 1,531 crore in Q1 FY26, but rose 7.5% QoQ from Rs 1,262 crore in Q4 FY26.


Gross NPA, meanwhile, dropped 8% YoY to Rs 6,122 crore. Gross NPA ratio shrunk to 1.18%, while net NPA ratio stood at 0.27%. Fresh slippages witnessed a 27% YoY decline to Rs 1,321 crore during the quarter under review.

Kotak Mahindra Bank’s provision and contingencies decreased 45% YoY to Rs 668 crore, while RoE ratio stood at 11.98% during the first quarter, as against 10.94% in Q1 FY26 and 12.27% in Q4 FY26.

The private lender’s CASA ratio stood at 40.3% as on June 30, 2026, while CD ratio was reported at 89.4%. Total deposits rose 14% YoY to Rs 5.59 lakh crore, while net advances grew 15% YoY to Rs 5.12 lakh crore.

Kotak Mahindra Bank’s net interest margin (NIM), however, reduced to 4.53% in the April-June quarter of FY27, from 4.65% in Q1 FY26 and 4.67% in Q4 FY26. Total period-end deposits grew to Rs 5.73 lakh crore for Q1 FY27, up 12% YoY from Rs 5.13 lakh crore for Q1 FY26. Credit-to-deposit ratio as on June 30, 2026 stood at 89.4%, as against 86.7% as on June 30, 2025.

Also read: Axis Bank Q1 Results: Net profit jumps 23% YoY to Rs 7,114 crore; NII up 8%

Kotak Mahindra Bank share price

Kotak Mahindra Bank shares gained more than 3% in one week but declined over 3% in one month to end at Rs 389.95 apiece on Friday. The stock has fallen around 12% in 2026 so far and 10% in a year.

In the longer term, the shares of the private lender gained 3% in three years and 12% in five years. The company has a market capitalisation of nearly Rs 3.89 lakh crore.

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