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Kotak Mahindra Bank Q1 profit rises 22.5% to ₹5,480 crore

Net interest income increased 9% year-on-year, while the bank’s gross NPA ratio fell to 1.18% as of June 30, 2026.

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Kotak Mahindra Bank reported Q1 FY27 results for the quarter ended June 2026, with consolidated net profit rising 22.5% year-on-year to ₹5,480.46 crore, according to LiveMint Markets. The prior-year quarter had delivered ₹4,472.18 crore of consolidated net profit.

Total income for the quarter increased to ₹30,068.60 crore, while standalone net profit rose to ₹4,122.96 crore. The lender said net interest income climbed 9% year-on-year to ₹7,928.43 crore, but net interest margin eased to 4.53% from 4.65% a year earlier.

The bank also reported improving asset quality. Its gross non-performing asset ratio declined to 1.18% as of June 30, 2026, from 1.48% in the year-ago period, and its net NPA ratio improved to 0.27% from 0.34%.

Fresh slippages fell 27% year-on-year to ₹1,321 crore, and the provision coverage ratio improved to 78% from 77%. Operating profit grew 10% year-on-year to ₹6,131 crore, and provisions dropped to ₹668 crore, down 45% from ₹1,208 crore in the corresponding quarter last year.

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