Kotak Mahindra Bank has announced its audited standalone and consolidated financial results for the quarter and financial year, with the Board of Directors approving the performance at its meeting held in Mumbai.
Kotak Mahindra Bank reported a standalone profit after tax (PAT) of Rs 4,027 crore for Q4FY26, registering a growth of 13 per cent year-on-year from Rs 3,552 crore in Q4FY25 and 17 per cent quarter-on-quarter from Rs 3,446 crore in Q3FY26. For the full financial year FY26, standalone PAT stood at Rs 14,008 crore, reflecting a 2 per cent increase year-on-year compared to Rs 13,720 crore in FY25, excluding gains on ZKGI divestment.
Net Interest Income for Q4FY26 rose to Rs 7,876 crore, up 8 per cent year-on-year from Rs 7,284 crore and 4 per cent quarter-on-quarter from Rs 7,565 crore. For FY26, NII increased to Rs 30,010 crore, marking a 6 per cent rise from Rs 28,342 crore in FY25. Net Interest Margin for the quarter stood at 4.67 per cent, while for the full year it was 4.60 per cent.
Fees and services income for Q4FY26 reached Rs 2,767 crore, up 6 per cent year-on-year, while operating profit for the quarter stood at Rs 5,855 crore, rising 7 per cent compared to the same period last year. Provisions declined significantly to Rs 516 crore in Q4FY26, down 43 per cent year-on-year, with credit cost at 0.39 per cent.
The bank’s balance sheet remained robust, with net advances growing 16 per cent year-on-year to Rs 496,009 crore. Total deposits increased 15 per cent year-on-year to Rs 572,456 crore, while the CASA ratio stood at 43.3 per cent. Asset quality improved, with Gross NPA at 1.20 per cent and Net NPA at 0.25 per cent.
On the consolidated front, Kotak Mahindra Bank reported a PAT of Rs 5,423 crore for Q4FY26, up 10 per cent year-on-year and 10 per cent quarter-on-quarter. For FY26, consolidated PAT stood at Rs 19,288 crore. Excluding gains from Infina divestment, consolidated PAT for Q4FY26 was Rs 5,238 crore, reflecting a 6 per cent growth year-on-year.
Consolidated customer assets grew 15 per cent year-on-year to Rs 616,219 crore, while assets under management increased to Rs 747,613 crore, up 12 per cent. The bank reported a consolidated capital adequacy ratio of 23.0 per cent, with CET1 ratio at 22.1 per cent.
The Board has recommended a dividend of Rs 0.65 per equity share of face value Rs 1 for the financial year, subject to shareholder approval.
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