Kotak Mahindra Bank Q1 PAT Up 26% YoY

Date: July 18, 2026

Standalone PAT for Q1FY27 increased to ₹4,123 crore, up 26% YoY from ₹3,282 crore in Q1FY26 (up 2% QoQ from ₹4,027 crore in Q4FY26)
Net Interest Income (NII) for Q1FY27 increased to ₹7,928 crore, up 9% YoY from ₹7,259 crore in Q1FY26 (up 1% QoQ from ₹7,876 crore in Q4FY26)
Net Interest Margin (NIM) was 4.53% for Q1FY27 (4.65% for Q1FY26 and 4.67% for Q4FY26)
Cost of funds was 4.46% for Q1FY27 (5.01% for Q1FY26 and 4.45% for Q4FY26)
Fees and services for Q1FY27 increased to ₹2,500 crore, up 11% YoY from ₹2,249 crore in Q1FY26 (₹2,767 crore in Q4FY26)
Operating expenses for Q1FY27 stood at ₹5,135 crore, up 8% YoY from ₹4,775 crore in Q1FY26 (flat QoQ from ₹5,137 crore in Q4FY26)
Cost to assets improved to 2.66% for Q1FY27 (2.83% for Q1FY26 and 2.73% for Q4FY26)
Operating profit for Q1FY27 increased to ₹6,131 crore, up 10% YoY from ₹5,564 crore in Q1FY26 (up 5% QoQ from ₹5,855 crore in Q4FY26)
Provisions for Q1FY27 decreased to ₹668 crore, down 45% YoY from ₹1,208 crore in Q1FY26 (₹516 crore in Q4FY26)
Credit cost (annualised) for Q1FY27 stood at 0.46% (0.93% for Q1FY26 and 0.39% for Q4FY26)

Net Advances increased 15% YoY to ₹512,249 crore as at June 30, 2026 from ₹444,823 crore as at June 30, 2025
Customer Assets grew to ₹570,901 crore as at June 30, 2026, up 16% YoY from ₹492,972 crore as at June 30, 2025
Total period-end Deposits grew to ₹572,820 crore for Q1FY27, up 12% YoY from ₹512,838 crore for Q1FY26
Average Total Deposits grew to ₹558,891 crore for Q1FY27, up 14% YoY from ₹491,998 crore for Q1FY26
Average Current Deposits grew to ₹78,107 crore for Q1FY27, up 15% YoY from ₹67,808 crore for Q1FY26
Average Fixed rate Savings Deposits grew to ₹125,061 crore for Q1FY27, up 16% YoY from ₹107,450 crore for Q1FY26
Average Term Deposits grew to ₹341,992 crore for Q1FY27, up 14% YoY from ₹300,003 crore for Q1FY26
CASA ratio as at June 30, 2026 stood at 40.3% (40.9% as at June 30, 2025)
Credit to Deposit ratio as at June 30, 2026 stood at 89.4% (86.7% as at June 30, 2025)
Customers as on June 30, 2026 were 5.0 crore

Slippages for Q1FY27 decreased to ₹1,321 crore, down 27% YoY from ₹1,812 crore in Q1FY26
GNPA was 1.18% & NNPA was 0.27% as at June 30, 2026 (GNPA was 1.48% & NNPA was 0.34% as at June 30, 2025)
Provision Coverage Ratio stood at 78% as at June 30, 2026 (77% as at June 30, 2025)

Capital Adequacy Ratio of the Bank, as per Basel III, as at June 30, 2026 was 22.8%
CET1 ratio was 22.4%

Consolidated PAT for Q1FY27 stood at ₹5,480 crore, up 23% YoY from ₹4,472 crore in Q1FY26 (up 1% QoQ from ₹5,423 crore in Q4FY26)
Consolidated PAT increased by 5% QoQ excluding gains on Infina divestment

| Subsidiary | Q1FY27 | Q1FY26 | Q4FY26 |

| Kotak Mahindra Bank | 4,123 | 3,282 | 4,027 |

| Kotak Securities | 533 | 465 | N/A |

| Kotak Asset Management & Trustee Company | 399 | 326 | N/A |

| Kotak Mahindra Prime | 354 | 272 | 240 |

| Kotak Mahindra Life Insurance | 336 | 327 | N/A |

| Kotak Alternate Asset Managers | 126 | 59 | N/A |

| Kotak Mahindra Investments | 113 | 107 | 115 |

| Kotak Mahindra Capital | 89 | 89 | 103¹ |

¹ Q4FY26 Kotak Mahindra Capital PAT does not include gains of ₹1,094 crore on divestment of stake in its associate, Infina

Consolidated Customer Assets grew to ₹645,812 crore as at June 30, 2026, up 16% YoY from ₹557,369 crore as at June 30, 2025
Consolidated Customer Assets Under Management as at June 30, 2026 grew to ₹805,531 crore, up 8% YoY from ₹747,404 crore as at June 30, 2025
Total Domestic MF AUM increased by 10% YoY to ₹603,718 crore as at June 30, 2026
Consolidated Networth as at June 30, 2026 was ₹188,214 crore
Book Value per Share increased to ₹189 as at June 30, 2026, up 14% YoY from ₹166 as at June 30, 2025

Consolidated Capital Adequacy Ratio as per Basel III as at June 30, 2026 was 22.9%
CET I ratio was 22.6%
Consolidated Average Liquidity Coverage Ratio stood at 138% for Q1FY27

The Board meeting was held in Mumbai on July 18, 2026
The financial results are unaudited
The Bank has 2,301 branches and 2,734 ATMs (incl. cash recyclers) as of June 30, 2026
International presence includes branches in GIFT City and DIFC (Dubai)
The book value per share computation reflects the subdivision of 1 equity share of face value of ₹5 each into 5 equity shares of ₹1 each with effect from January 14, 2026