Kotak Mahindra Bank net profit up 26% to ₹4,123 crore in Q1FY26
Kotak Mahindra Bank announced a 26% rise in standalone net profit to ₹4,123 crore for the first quarter of fiscal 2027. The bank cited improved net interest margins and better asset quality as primary drivers for the growth.
Why it matters
Strong earnings from major private banks reflect ongoing credit growth and recovery trends in the Indian financial market.
Kotak Mahindra Bank (KMB) standalone net profit increased 25.6% to ₹4,123 crore in the quarter ended June 30 2026, as against ₹3281.7 crore in the year ago period.
KMB’s net interest income (NII) increased 9% to ₹7927.4 crore in the recently concluded quarter in fiscal 2027 as against ₹7259.3 crore in the corresponding period of last fiscal. The bank’s net interest margin increased to 4.53% in the first quarter of fiscal 2027, a bit lower than 4.65% in the year ago period.
The bank’s Gross Non-Profitable Assets(GNPA) as a share of gross advances reduced 30 basis points to 1.18% in the reporting quarter as against 1.48% in June quarter of fiscal 2026. The net NPA share in net advances reduced to 0.27% in Q1FY27, down 7 basis points from 0.34% in the year ago period.
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