Kotak Mahindra Bank on Saturday reported a standalone net profit of Rs 4,123 crore for the April-June quarter of the ongoing financial year 2027, marking a nearly 26% year-on-year (YoY) jump from Rs 3,282 crore in the year-ago period.
Net interest income (NII) rose 9% YoY to Rs 7,928 crore in Q1 FY27, from Rs 7,259 crore reported in the same period last year. The bank's net worth, meanwhile, rose over 14% YoY to Rs 1.4 lakh crore.
Asset quality improved on a YoY basis, although NPA ratios increased sequentially. Net NPA declined 11% YoY to Rs 1,358 crore in Q1 FY27 from Rs 1,531 crore in Q1 FY26, but rose 7.5% QoQ from Rs 1,262 crore in Q4 FY26.
Gross NPA declined around 8% YoY to Rs 6,122 crore. The gross NPA ratio stood at 1.18%, while the net NPA ratio was at 0.27%. Fresh slippages fell 27% YoY to Rs 1,321 crore during the quarter.
Kotak Mahindra Bank’s provision and contingencies increased 25% YoY to Rs 668 crore, while RoE ratio stood at 11.98% during the first quarter, as against 10.94% in Q1 FY26 and 12.27% in Q4 FY26.
The private lender’s CASA ratio stood at 40.3% as on June 30, 2026, while CD ratio was reported at 89.4%. Total deposits rose 14% YoY to Rs 5.59 lakh crore, while net advances grew 15% YoY to Rs 5.12 lakh crore.
More to come....
