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Informist, Saturday, Jul. 18, 2026

 

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--Kotak Mahindra Bank Apr-Jun net profit INR 41.23 bln
--Analysts saw Kotak Mahindra Bank Apr-Jun net profit at INR 39.44 bln
--Kotak Mahindra Bank Apr-Jun total income INR 178.16 bln
--Kotak Mahindra Bk Apr-Jun net profit INR 41.23 bln vs INR 32.82 bln yr ago
--Kotak Bank Apr-Jun total income INR 178.16 bln vs INR 169.17 bln year ago
--Kotak Bank Apr-Jun provisions INR 6.68 bln vs INR 12.08 bln year ago
--Kotak Mahindra Bank gross NPA ratio 1.18% on Jun 30 vs 1.20% qtr ago
--Kotak Mahindra Bank Basel-III capital adequacy ratio 22.78% on Jun 30
--Kotak Mahindra Bank net NPA ratio 0.27% on Jun 30 vs 0.25% qtr ago
--Kotak Bk Apr-Jun net interest income INR 79.28 bln vs INR 72.59 bln yr ago
--Kotak Mahindra Bank Apr-Jun net interest margin 4.53% vs 4.67% qtr ago 
--Kotak Bank: CASA ratio at 40.3% on Jun 30 vs 40.9% year ago
--Kotak Bank Apr-Jun fresh slippages INR 13.21 bln vs INR 18.12 bln year ago
--Kotak Bk Apr-Jun recoveries, upgrades INR 5.65 bln vs INR 5.49 bln yr ago
--Kotak Bk Apr-Jun loan write-offs INR 6.52 bln vs INR 7.59 bln year ago
--Kotak Bank: Total deposits INR 5.73 tln on Jun 30, up 12% on year
--Kotak Bank Apr-Jun annualised credit cost 0.46% vs 0.39% qtr ago
--Kotak Bank Apr-Jun cost of funds 4.46% vs 5.01% year ago
--Kotak Bk provision coverage ratio 78% on Jun 30 vs 77% year ago
--Kotak Bank: Net advances INR 5.12 tln on Jun 30, up 15% on year
--Kotak Bk: Unsecured retail advances 8.8% of net advances on Jun 30

 

By Shweta

 

NEW DELHI – The annual growth in Kotak Mahindra Bank's net profit for the June quarter rose to a two-year high on the back of higher interest income and a fall in provisions. The bank's net profit, which was higher than the Street's expectations, was also supported by expenses remaining in check during the quarter.

 

The private sector bank's net profit rose nearly 26% on year to INR 41.23 billion in the June quarter. Sequentially, the lender's bottom line inched up over 2%. The bank's net interest income rose to INR 79.28 billion in Apr-Jun from INR 72.59 billion in the corresponding period a year ago.

 

The bank's provisions and contingencies were down nearly 45% on year at INR 6.68 billion in the June quarter. This was the steepest fall in provisions in at least 13 quarters, according to data available with Informist. Sequentially, however, they rose over 29%.

 

The lender earned interest of INR 144.78 billion in the June quarter, up nearly 5% on year and over 2% on quarter. Its other income rose over 8% on year and 7% sequentially to INR 33.38 billion. These lifted Kotak Mahindra bank's total income over 5% on year and 3% sequentially to INR 178.16 billion in Apr-Jun.

 

On the asset quality front, the lender's gross non-performing asset ratio declined to 1.18% as of Jun. 30 from 1.20% as of March-end and 1.48% at the end of June 2025. The net NPA ratio rose to 0.27% as of Jun. 30 from 0.25% as of Mar. 31, but was down from 0.34% a year ago. The lender's provision coverage ratio was 78% as of Jun. 30, a tad below 79% at the end of Mar. 31. 

 

The bank's capital adequacy ratio based on Basel-III norms was 22.78% at the end of June, higher than 22.40% at the end of March, but down from 23.00% at the end of June 2025.

 

Total expenses during the quarter under review rose nearly 3% on year to INR 116.84 billion. Of this, interest expenses fell 0.4% on year to INR 65.49 billion, while operating expenses rose nearly 8% on year to INR 51.35 billion.

 

The bank's cost of funds in Apr-Jun was 4.46%, similar to the previous quarter but down from 5.01% a year ago. The net interest margin was 4.53% in the March quarter, down from 4.67% a quarter ago and 4.65% a year ago.

The bank recognised fresh slippages worth INR 13.21 billion in Apr-Jun, down from INR 18.12 billion a year ago. The lender's cash recoveries and upgrades were at INR 5.65 billion in the June quarter, up from INR 5.49 billion a year ago. Technical write-offs in the quarter were at INR 6.52 billion, lower than INR 7.59 billion a year ago. The bank's annualised credit cost rose to 0.46% in the June quarter from 0.39% in the previous quarter but halved from 0.93% a year ago.

 

Robust growth in loans also boosted the Mumbai-based bank's bottom line. The bank reported 15% on-year growth in net advances at INR 5.12 trillion as of Jun. 30. Retail loans posted a year-on-year increase of 12% at INR 2.03 trillion. Corporate advances grew 15% on year to INR 1.22 trillion, while loans to small and medium enterprises rose 20% on year to INR 1.26 trillion. The share of unsecured retail advances in the lender's total advances fell to 8.8% in the June quarter from 8.9% a quarter ago and 9.7% a year ago.

 

Kotak Mahindra Bank's total deposits were up 12% on year at INR 5.73 trillion as of Jun. 30. The current account savings account ratio slipped to 40.3% from 40.9% a year ago, and sharply lower than 43.3% as on Mar. 31. On Friday, shares of Kotak Mahindra Bank ended at INR 389.95 on the National Stock Exchange, up 3.4% from the previous close.  End

 

Edited by Avishek Dutta

 

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