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Informist, Saturday, May 2, 2026

 

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--Kotak Mahindra Bank Jan-Mar net profit INR 40.27 bln
--Analysts saw Kotak Mahindra Bank Jan-Mar net profit INR 36.44 bln
--Kotak Mahindra Bk Jan-Mar net profit INR 40.27 bln vs INR 35.52 bln yr ago  
--Kotak Bank Jan-Mar total income INR 172.91 bln vs INR 167.12 bln year ago
--Kotak Bank Jan-Mar provisions INR 5.16 bln vs INR 9.09 bln year ago 
--Kotak Mahindra Bank gross NPA ratio 1.20% on Mar 31 vs 1.30% qtr ago 
--Kotak Mahindra Bank net NPA ratio 0.25% on Mar 31 vs 0.31% qtr ago
--Kotak Mahindra Bank Basel-III capital adequacy ratio 22.40% on Mar 31 
--Kotak Bank FY26 net profit INR 140.08 bln vs INR 164.50 bln year ago 
--Kotak Bank FY26 total income INR 671.87 bln vs INR 643.38 bln yr ago
--Kotak Bank to pay INR 0.65 per share dividend  
--Kotak Mahindra Bank Jan-Mar net interest margin 4.67% vs 4.54% qtr ago 
--Kotak Bk Jan-Mar net interest income INR 78.76 bln vs INR 72.84 bln yr ago 
--Kotak Bank Jan-Mar cost of funds 4.45% vs 4.54% qtr ago 
--Kotak Bank net advances INR 4.96 tln on Mar 31, up 16% on year 
--Kotak Bank total deposits INR 5.72 tln on Mar 31, up 15% on year
--Kotak Bank CASA ratio at 43.3% on Mar 31 vs 43.0% year ago 
--Kotak Bank Jan-Mar slippages INR 10.18 bln vs INR 14.88 bln year ago 
--Kotak Bk Jan-Mar recoveries, upgrades INR 6.80 bln vs INR 7.47 bln yr ago 
--Kotak Bk Jan-Mar loan write-offs INR 6.40 bln vs INR 8.73 bln year ago 
--Kotak Bk provision coverage ratio 79% on Mar 31 vs 78% year ago 
--Kotak Bank unsecured retail loans 8.9% of net advances on Mar 31, unch QoQ

 

By Pratiksha

 

NEW DELHI – Kotak Mahindra Bank's net profit for the March quarter rose on year, beating Street estimates, due to a fall in provisions and a rise in interest income. The bank also managed to log its biggest on-year net profit jump in seven quarters. 

 

The private sector bank's net profit for Jan-Mar was INR 40.27 billion, up over 13% on year. The net profit was up almost 17% on quarter and higher than analysts' expectation of INR 36.44 billion.

 

The bank's provisions and contingencies were down over 43% on year and 36% on quarter at INR 5.16 billion in the March quarter. The bank's provision coverage ratio was at 79% as of Mar. 31, tad up from 78% at the end of March 2025.

 

The bank's total income during the quarter was up over 3% on year at INR 172.91 billion. Of this, interest income increased almost 5% on year to INR 141.75 billion. However, other income fell over 2% on year to INR 31.16 billion, as has been the case with most banks this quarter on account of losses in treasury income.  

 

The bank's net interest income – the difference between interest earned and expended – for the quarter rose 8% on year to INR 78.76 billion, slightly higher than analysts' expectations. The lender's total expenses during the quarter under review rose almost 2% on year to INR 114.36 billion. Of this, interest expenses increased almost 1% on year to INR 62.99 billion. 

 

The lender's asset quality improved both sequentially and yearly, which supported the bottom line. The gross non-performing asset ratio declined to 1.20% as of Mar. 31 from 1.30% as of December-end. The net non-performing asset ratio fell to 0.25% as of Mar. 31, from 0.31% in the previous quarter. 

 

The bank recognised fresh slippages worth INR 10.18 billion in Jan-Mar, down from INR 14.88 billion a year ago. The lender's cash recoveries and upgrades were at INR 6.80 billion in Jan-Mar, down from INR 7.47 billion a year ago. Technical write-offs in the quarter were at INR 6.40 billion, sharply lower than INR 8.73 billion a year ago. The bank's credit cost fell to 0.39% in the March quarter from 0.64% in the previous quarter and 0.63% a year ago.

 

Robust growth in loans also boosted the Mumbai-based bank's bottom line. The bank reported a 16% on-year growth in net advances at INR 4.96 trillion as of Mar. 31. Within domestic loans, consumer loans posted a year-on-year increase of 14% at INR 1.91 trillion and commercial advances rose 8% to INR 792.70 billion. Corporate advances grew at the fastest pace, rising 22% on year to INR 1.13 trillion. The share of unsecured retail advances in the lender's total advances fell to 8.9% in the March quarter from 10.5% a year ago. 

Kotak Mahindra Bank's total deposits were up 15% on year at INR 5.72 trillion as of Mar. 31. The current account savings account ratio edged higher to 43.3% from 43.0% a year ago. 

 

The bank's cost of funds fell to 4.45% from 5.09% a year ago and 4.54% a quarter ago. 

 

The bank's net interest margin was 4.67% in the March quarter, up from 4.54% a quarter ago but down from 4.97% a year ago. The lender's Basel-III capital adequacy ratio was 22.4% as of Mar. 31, up from 22.25% a year ago. 

 

The bank's board proposed a dividend of INR 0.65 per share, with face value of INR 1, for 2025-26 (Apr-Mar). The bank's net profit for FY26 was INR 140.08 billion, down 15% on year. Total income was INR 671.87 billion in FY26, up over 4% on year. On Thursday, shares of Kotak Mahindra Bank ended 0.3% higher at INR 383.30 on the National Stock Exchange. End

 

Edited by Tanima Banerjee

 

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