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Kotak Bank (NSE:KOTAKBANK) FY26 Results Are Out—Here’s What Matters Most

Kotak Bank (NSE:KOTAKBANK) FY26 Results Are Out—Here’s What Matters Most

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Highlights

  • Standalone PAT rises to Rs 4,027 crore in Q4 FY26 year-on-year growth.
  • Net interest income increases to Rs 7,876 crore driven by steady lending growth.
  • Consolidated PAT reaches Rs 5,423 crore reflecting moderate quarterly and annual improvement trends.

The Board of Directors of Kotak Mahindra Bank (NSE:KOTAKBANK) approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The results were finalised at a meeting held in Mumbai on May 2, 2026. Standalone profit after tax (PAT) for Q4 FY26 stood at Rs 4,027 crore, compared with Rs 3,552 crore in Q4 FY25, showing a 13 percent year-on-year rise and a 17 percent sequential increase.

For FY26, standalone PAT stood at Rs 14,008 crore. Consolidated PAT for Q4 FY26 was reported at Rs 5,423 crore, compared with Rs 4,933 crore in Q4 FY25, reflecting a 10 percent year-on-year increase.

Income Performance
Net interest income for Q4 FY26 stood at Rs 7,876 crore, compared with Rs 7,284 crore in Q4 FY25, showing an 8 percent year-on-year rise. On a sequential basis, net interest income increased by 4 percent. For FY26, net interest income was Rs 30,010 crore, compared with Rs 28,342 crore in FY25.

Net interest margin for Q4 FY26 was 4.67 percent, compared with 4.97 percent in the same quarter last year. Cost of funds for the quarter stood at 4.45 percent, compared with 5.09 percent in Q4 FY25.

Operating Metrics
Fees and services income for Q4 FY26 increased to Rs 2,767 crore from Rs 2,616 crore in Q4 FY25. Operating expenses for the quarter rose to Rs 5,137 crore compared with Rs 4,994 crore a year earlier.

Operating profit for Q4 FY26 stood at Rs 5,855 crore, compared with Rs 5,472 crore in Q4 FY25. Provisions for the quarter declined to Rs 516 crore from Rs 909 crore in the previous year quarter.

Balance Sheet and Deposits
Net advances increased 16 percent year-on-year to Rs 496,009 crore as of March 31, 2026. Total deposits grew 15 percent year-on-year to Rs 572,456 crore. The CASA ratio stood at 43.3 percent. Credit to deposit ratio was recorded at 86.6 percent. Customer base reached 5.2 crore as of March 2026.

Asset Quality and Capital Position
Gross non-performing assets stood at 1.20 percent, while net non-performing assets were 0.25 percent. Provision coverage ratio stood at 79 percent. Capital adequacy ratio under Basel III was 22.4 percent, with CET1 ratio at 21.3 percent. The bank recommended a dividend of Rs 0.65 per equity share for FY26, subject to approval.

Consolidated Performance
On a consolidated basis, customer assets grew 15 percent year-on-year to Rs 616,219 crore. Assets under management reached Rs 747,613 crore. Consolidated networth stood at Rs 181,113 crore, while book value per share increased to Rs 182. Return on assets and return on equity were reported at 2.06 percent and 11.28 percent respectively for FY26.

Share Performance

Kotak Mahindra Bank Ltd Trading at ₹371.40, down ₹11.90 (-3.10%) in the latest session. The stock traded in a range of ₹382.05–₹363.00 with very high volume of 66.32M shares, indicating strong selling pressure.

It remains below its 51-day SMA at ₹386.38, confirming a weak short-term trend. RSI is at 45.29, below the neutral 50 mark, showing mild bearish momentum with no clear reversal signal yet.

 

Risks

  • Rising interest rate volatility may affect margins and borrowing costs over time.
  • Slower credit growth in retail and corporate segments may impact revenue momentum.
  • Asset quality pressure may increase due to economic slowdown or sector stress.
  • Regulatory changes in banking norms could affect capital and operational flexibility.

Summary
Kotak Mahindra Bank (NSE:KOTAKBANK) reported FY26 results showing steady growth in income, deposits, and advances. Standalone PAT reached Rs 4,027 crore in Q4 FY26, while consolidated PAT stood at Rs 5,423 crore. Asset quality remained stable with improved GNPA and NNPA levels. Capital adequacy remained well above regulatory requirements, indicating stable financial positioning through FY26.

FAQs

What was Kotak Mahindra Bank Q4 FY26 standalone PAT?
It stood at Rs 4,027 crore, reflecting 13 percent year-on-year growth.

How did net interest income perform in Q4 FY26?
It increased to Rs 7,876 crore supported by stable lending and deposit growth.

What was the consolidated PAT for FY26?
Consolidated PAT for FY26 stood at Rs 19,288 crore for the financial year.

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