Kotak Mahindra Bank Reports 25.6% Profit Rise in Q1

Kotak Mahindra Bank reported a 25.6% increase in standalone net profit for the first quarter ended June 30, 2026, reaching ₹4,123 crore compared to ₹3,281.7 crore in the previous year. The bank's net interest income grew by 9% to ₹7,927.4 crore, with a net interest margin of 4.53%.

Asset quality showed improvement as Gross Non-Profitable Assets decreased to 1.18% from 1.48% a year earlier, and the net NPA share dropped to 0.27%. The bank recorded net advances of ₹5.12 lakh crore and net deposits of ₹5.72 lakh crore, resulting in a credit-deposit ratio of 89.4%.

The bank attributed the growth to a higher net interest margin, an increase in fee income, and consistent cost reduction. Lower credit costs tied to better asset quality also contributed to the quarterly results.