Kotak Mahindra Bank Q2 results: Net profit jumps 29.5%, NII rises nearly 16%

Kotak Mahindra Bank reported a 29.5% year-on-year jump in net profit to ₹4,212 crore in the September quarter of FY27, up from ₹3,253.3 crore a year earlier, according to an exchange filing.Net interest income, the difference between interest earned and interest paid, rose 15.7% to ₹8,459 crore from ₹7,311 crore. Operating profit increased 21.1% year-on-year to ₹6,382.2 crore, compared with ₹5,268.3 crore in the year-ago quarter.Net interest margin , a key measure of lending profitability, declined to 4.31% in the September quarter from 4.54% a year earlier and 4.53% in the June quarter.Asset quality improves; provisions decline year-on-yearKotak Mahindra Bank's asset quality improved sequentially during the quarter. Gross non-performing assets for the September quarter declined to 1.04% from 1.18% in the June quarter. Net non-performing assets fell to 0.24% from 0.27% over the same period.Provisions stood at ₹803.6 crore, down 15.2% from ₹947.4 crore in the year-ago quarter.