Kotak Mahindra Bank Q2 FY27 Profit Rises 26% to Rs 5,645 Crore
Kotak Mahindra Bank reported a 26 percent year-on-year rise in consolidated profit after tax to Rs 5,645 crore for the second quarter of fiscal year 2027, compared with Rs 4,468 crore in the corresponding period of the previous year, economictimes.indiatimes.com reported.
The private sector lender announced these unaudited standalone and consolidated financial results following a Board of Directors meeting held in Mumbai, investywise.com reported. Consolidated profit after tax grew three percent sequentially from Rs 5,480 crore in the first quarter of FY27.
Standalone Profit and Net Interest Income Growth
On a standalone basis, the lender reported a 29 percent year-on-year increase in profit after tax to reach Rs 4,212 crore for Q2 FY27, up from Rs 3,253 crore in Q2 FY26. Sequentially, standalone profit grew two percent from Rs 4,123 crore in the preceding quarter.
Net interest income for the quarter rose 16 percent year-on-year to Rs 8,459 crore, compared with Rs 7,311 crore in the same period last year, according to the bank’s exchange filing cited by economictimes.indiatimes.com. On a quarter-on-quarter basis, net interest income increased seven percent from Rs 7,928 crore. Net interest margin for Q2 FY27 stood at 4.31 percent, decreasing from 4.54 percent in Q2 FY26, driven primarily by FCNR(B) deposit mobilisation, investywise.com reported.
Consolidated Customer Assets Grow 21 Percent
As of September 30, 2026, total customer assets on a consolidated basis—which include advances (inclusive of BRDS and IBPC) along with credit substitutes—reached Rs 6,99,250 crore, registering a 21 percent expansion over the previous year’s figure of Rs 5,76,339 crore. Consolidated customer assets under management increased eight percent year-on-year to Rs 8,14,118 crore compared with Rs 7,56,964 crore as of September 30, 2025.
| Financial Metric | Q2 FY27 | Q2 FY26 | YoY Change |
|---|---|---|---|
| Consolidated PAT | Rs 5,645 crore | Rs 4,468 crore | +26% |
| Standalone PAT | Rs 4,212 crore | Rs 3,253 crore | +29% |
| Net Interest Income | Rs 8,459 crore | Rs 7,311 crore | +16% |
| Period-end Deposits | Rs 6,51,491 crore | Not Reported | +23% |
Total period-end deposits grew 23 percent year-on-year to Rs 6,51,491 crore. Total domestic mutual fund assets under management rose 10 percent year-on-year to Rs 6,15,679 crore. The CASA ratio stood at 38.2 percent and the credit-to-deposit ratio reached 88.6 percent as of September 30, 2026, according to investywise.com.
Asset quality figures showed gross non-performing assets at 1.04 percent and net non-performing assets at 0.24 percent at the close of September 2026. Provisions for the quarter dropped 15 percent year-on-year to Rs 803 crore.
Consolidated Net Worth Reaches Rs 1,94,706 Crore
Consolidated net worth reached Rs 1,94,706 crore as of September 30, 2026. Going from Rs 169 to Rs 196, the book value per share registered a 16 percent year-on-year jump, a movement driven by the January 14, 2026 transition that split every single equity share of Rs 5 face value into five separate shares having a face value of Rs 1 each.
The consolidated capital adequacy ratio under Basel III stood at 22.4 percent, with a Common Equity Tier 1 ratio of 22.1 percent. The consolidated average liquidity coverage ratio for Q2 FY27 stood at 137.4 percent. Standalone return on assets on an annualized basis was 1.92 percent, while return on equity was 11.65 percent, investywise.com reported.
Kotak Mahindra Bank shares settled 1.49 percent lower at Rs 430.50 apiece on the National Stock Exchange on Friday, October 23, compared with the previous close of Rs 437. The stock has declined 2.94 percent over the year, and the bank’s market capitalisation stood at Rs 4,28,256.29 crore.