Kotak Mahindra Bank reported standalone net profit of ₹4,123 crore for the quarter ended 30 June 2026, an increase of 26% from the same period a year earlier, the lender said in its filings on Saturday. Consolidated profit after tax rose 23% to ₹5,480 crore.
Net interest income, the difference between the interest the bank earns on loans and pays on deposits, rose 9% year on year to ₹7,928 crore. Net advances grew 15% year on year to ₹5.12 lakh crore, while average total deposits rose 14%.
MARGINS UNDER PRESSURE
Net interest margin fell to 4.53% from 4.65% a year earlier and 4.67% in the previous quarter, while the CASA ratio slipped to 40.3% at 30 June from 40.9% a year earlier.
The credit-to-deposit ratio was 89.4% at 30 June, up from 86.7% a year earlier.
Fees and services rose 11% year on year to ₹2,500 crore, operating expenses rose 8% to ₹5,135 crore and operating profit increased 10% to ₹6,131 crore.
ASSET QUALITY STRENGTHENS
Gross non-performing assets improved to 1.18% at 30 June from 1.48% a year earlier, and net NPAs to 0.27% from 0.34%. Fresh slippages fell 27% year on year to ₹1,321 crore, and provisions and contingencies dropped 45% to ₹668 crore.
Standalone return on assets was 2.14% and return on equity 11.98% for the quarter, while the capital adequacy ratio stood at 22.8%.
The full disclosures, including segment reporting and detailed asset-quality metrics, were released on the investor relations section of the bank's website.