Kotak Mahindra Bank Q2FY26 Results: Profit Dips 3% to ₹3,253 Crore
Kotak Mahindra Bank reported a 3% decline in standalone net profit to ₹3,253 crore for the second quarter ended September 30, 2025, compared to ₹3,344 crore in the same period last year.
Key Financial Highlights
- Standalone Net Profit: ₹3,253 crore (down 3% YoY)
- Total Income: ₹16,239 crore (up from ₹15,900 crore)
- Net Interest Income: ₹7,311 crore (4% growth)
- Net Interest Margin: 4.54% (down from 4.91%)
Income Performance
The private sector lender’s total income increased to ₹16,239 crore during the quarter, up from ₹15,900 crore in the same period last year. Interest income stood at ₹13,649 crore, showing improvement from ₹13,216 crore a year ago.
Net Interest Income (NII) showed positive momentum, rising to ₹7,311 crore from ₹7,020 crore in Q2FY25, representing a 4% growth. However, the bank’s Net Interest Margin (NIM) moderated to 4.54% from 4.91% in the previous year’s comparable quarter.
Asset Quality Improvement
Kotak Mahindra Bank demonstrated improved asset quality with gross Non-Performing Assets (NPAs) reducing to 1.39% of gross loans as of September 2025, compared to 1.49% a year ago. Net NPAs also declined to 0.32% from 0.43% at the end of Q2FY25.
Consolidated Performance
On a consolidated basis, the bank reported an 11% decline in net profit to ₹4,468 crore, compared to ₹5,044 crore in Q2FY25. Return on Assets (ROA) at the consolidated level slipped to 1.97% from 2.53% in the same period last year.
