Kotak Mahindra Bank Reports Q1FY27 Results: Standalone PAT Reaches ₹4,123 Crore, Consolidated PAT Grows 23% YoY

Kotak Mahindra Bank Reports Q1FY27 Results: Standalone PAT Reaches ₹4,123 Crore, Consolidated PAT Grows 23% YoY​

Kotak Mahindra Bank Limited announced its unaudited standalone and consolidated results for the quarter ended June 30, 2026. The Board of Directors approved these results at a meeting held in Mumbai on July 18, 2026.

The Bank's Profit After Tax (PAT) for Q1FY27 reached ₹4,123 crore, marking a 26% increase year-over-year (YoY). This compares to ₹3,282 crore in Q1FY26 and is up 2% Quarter-on-Quarter (QoQ) from ₹4,027 crore reported in Q4FY26.

Consolidated PAT for Q1FY27 stood at ₹5,480 crore, which represents a 23% YoY rise from the ₹4,472 crore recorded in Q1FY26 and is up 1% QoQ from ₹5,423 crore in Q4FY26. This consolidated PAT increase of 5% QoQ excludes gains from the Infina divestment.

Standalone Performance Highlights​

Key operational metrics for Kotak Mahindra Bank standalone results include:

• Net Interest Income (NII): Increased to ₹7,928 crore for Q1FY27, up 9% YoY from ₹7,259 crore in Q1FY26 and up 1% QoQ from ₹7,876 crore in Q4FY26.
• Net Interest Margin (NIM): Recorded at 4.53%, down slightly from 4.65% in Q1FY26 and 4.67% in Q4FY26.
• Fees and Services: Reached ₹2,500 crore for Q1FY27, a 11% YoY increase from ₹2,249 crore in Q1FY26, compared to ₹2,767 crore in Q4FY26.
• Operating Profit: Increased to ₹6,131 crore for Q1FY27, which is 10% up YoY from ₹5,564 crore in Q1FY26 and up 5% QoQ from ₹5,855 crore in Q4FY26.

For the quarter ended June 30, 2026, provisions for decreased to ₹668 crore, down 45% YoY from ₹1,208 crore in Q1FY26 (which was ₹516 crore in Q4FY26). Credit cost (annualised) stood at 0.46%, down from 0.93% in Q1FY26 and 0.39% in Q4FY26.

In terms of asset base, Net Advances saw a 15% YoY increase, reaching ₹512,249 crore as of June 30, 2026, up from ₹444,823 crore at the end of Q1FY26. Customer Assets (including advances and credit substitutes) grew to ₹570,901 crore, a 16% YoY rise from ₹492,972 crore as of June 30, 2025.

Deposit data showed Total period-end Deposits growing to ₹572,820 crore for Q1FY27, up 12% YoY from ₹512,838 crore in Q1FY26. Average Total Deposits reached ₹558,891 crore for Q1FY27, indicating a 14% YoY increase from the average of ₹491,998 crore in Q1FY26.

Credit to Deposit ratio stood at 89.4% as of June 30, 2026, compared to 86.7% as of June 30, 2025. Customers recorded as of June 30, 2026 were 5.0 crore.

Credit risk metrics showed that Non Performing Assets (GNPA) stood at 1.18% and Non-Performing Loans (NNPA) was 0.27% as of June 30, 2026. This is a reduction from GNPA of 1.48% and NNPA of 0.34% as at the end of Q1FY26. The Provision Coverage Ratio stood at 78%, up slightly from 77% as of June 30, 2025.

For the standalone entity, Return on Assets (ROA) for Q1FY27 (annualised) was 2.14%, and Return on Equity (ROE) (annualised) stood at 11.98%. The Capital Adequacy Ratio as per Basel III was 22.8%, with a CET1 ratio of 22.4% as at June 30, 2026.

Consolidated Financial Metrics​

Consolidated Customer Assets grew to ₹645,812 crore as at June 30, 2026, marking a 16% YoY increase from ₹557,369 crore as of June 30, 2025. Consolidated Customer Assets Under Management reached ₹805,531 crore as at June 30, 2026, an 8% YoY rise from ₹747,404 crore in Q1FY25. The total Domestic MF AUM increased by 10% YoY to reach ₹603,718 crore as of the period end.

Consolidated Networth stood at ₹188,214 crore as of June 30, 2026. The Book Value per Share increased to ₹189 as of June 30, 2026, showing a 14% YoY rise from ₹166 as of June 30, 2025.

At the consolidated level, ROA for Q1FY27 (annualized) was 2.18%, and ROE (annualized) was 11.90%. The Consolidated Capital Adequacy Ratio under Basel III was 22.9%, and the CET I ratio was 22.6% as at June 30, 2026. The Consolidated Average Liquidity Coverage Ratio stood at 138% for Q1FY27.

The PAT of various entities within the Group is detailed below:


Members of the Kotak Mahindra Group hold significant financial positions, with the Group being established in 1985. The Group operates across commercial banking, stock broking, mutual funds, life and general insurance, and investment banking, catering to individuals and corporations. As at June 30, 2026, Kotak Mahindra Bank maintained a national presence of 2,301 branches and 2,734 ATMs (including cash recyclers), alongside offices in global locations such as London, New York, Dubai, Abu Dhabi, Singapore, and Mauritius.

KOTAKBANK Stock Price Movement​

Kotak Mahindra Bank Limited shares gained by 3.77% on Friday, closing at ₹389.95 after its previous close of ₹377.15. The stock traded with a volume amounting to 17.85 million shares during the trading session.