Kotak Mahindra Bank Q2 results: Consolidated PAT rises 26% YoY to Rs 5,645 crore; NII up 16%

Kotak Mahindra Bank on Saturday reported a 26% year-on-year (YoY) rise in consolidated profit after tax (PAT) to Rs 5,645 crore for the second quarter of FY27, compared with Rs 4,468 crore in the corresponding quarter last year. Consolidated PAT rose 3% sequentially from Rs 5,480 crore in Q1FY27.

On a standalone basis, the private sector lender's PAT increased 29% YoY to Rs 4,212 crore in Q2FY27 from Rs 3,253 crore in Q2FY26. Sequentially, standalone profit grew 2% from Rs 4,123 crore in the preceding quarter. Net interest income (NII) for the quarter rose 16% YoY to Rs 8,459 crore from Rs 7,311 crore in Q2FY26. On a quarter-on-quarter (QoQ) basis, NII increased 7% from Rs 7,928 crore in Q1FY27, according to the exchange filing submitted by the Bank.

The bank's consolidated customer assets, comprising advances (including IBPC and BRDS) and credit substitutes, stood at Rs 6,99,250 crore as of September 30, 2026, registering 21% growth from Rs 5,76,339 crore a year earlier. Consolidated customer assets under management (AUM) increased 8% YoY to Rs 8,14,118 crore as of September 30, 2026, compared with Rs 7,56,964 crore as of September 30, 2025. Total domestic mutual fund AUM rose 10% YoY to Rs 6,15,679 crore.

The bank's consolidated net worth stood at Rs 1,94,706 crore as of September 30, 2026. Book value per share increased 16% YoY to Rs 196 from Rs 169 a year earlier. The figures reflect the subdivision of one equity share with a face value of Rs 5 into five equity shares with a face value of Rs 1 each, effective January 14, 2026.

At the consolidated level, annualised return on assets (ROA) for Q2FY27 stood at 2.10%, while annualised return on equity (ROE) was 11.70%.

The bank's consolidated capital adequacy ratio under Basel III stood at 22.4% as of September 30, 2026, while its Common Equity Tier 1 (CET1) ratio was 22.1%. The consolidated average liquidity coverage ratio (LCR) for Q2FY27 stood at 137.4%.

Kotak Mahindra Bank share price

Kotak Mahindra Bank shares settled 1.49% lower at Rs 430.50 apiece on the NSE on Friday, October 23, compared with the previous close of Rs 437. The lender's stock has declined 2.94% so far this year, according to NSE data.

At the current market price, the bank's market capitalisation stood at Rs 4,28,256.29 crore.

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