Kotak Mahindra Bank reported a standalone net profit of ₹3,253.33 crore for Q2FY26, a 2.7% decline from ₹3,343.72 crore a year earlier and slightly lower than ₹3,281.68 crore in Q1FY26. Net interest income (NII) grew 4% year-on-year to ₹7,311 crore, while the net interest margin (NIM) remained steady at 4.54%. Operating profit increased 3% YoY to ₹5,268 crore.
Asset quality improved, with gross NPAs at ₹6,480 crore, down from ₹6,638 crore in Q1, and net NPAs at ₹1,491 crore, lower than ₹1,531 crore in the previous quarter. The GNPA ratio stood at 1.39% and the NNPA ratio at 0.32%, compared with 1.48% and 0.34% in Q1FY26. Total income for the quarter was ₹16,238.59 crore, and return on assets (ROA) stood at 1.88%.
On a consolidated basis, including subsidiaries, net profit was ₹4,468 crore, down 11% YoY. Customer assets grew 13% to ₹5,76,339 crore, while assets under management (AUM) rose 12% to ₹7,60,598 crore. The bank’s mutual fund equity AUM climbed 14% YoY to ₹3,62,694 crore.
