Kotak Mahindra Bank Sees 13.4% Rise in Q4 Net Profit

Financial Performance Overview

Kotak Mahindra Bank has announced a net profit of ₹4,026.55 crore for the quarter ending March, reflecting a year-on-year increase of 13.4%. The bank's board has also proposed a dividend of ₹0.65 per equity share with a face value of Re 1.

The net interest income (NII) for the bank rose by 8.1% year-on-year, reaching ₹7,876 crore, compared to ₹7,284 crore in the same quarter of the previous year, as stated in a regulatory filing. The gross non-performing assets (NPAs) decreased to 1.20%, down from 1.30% quarter-on-quarter and 1.42% year-on-year, while net NPAs fell to 0.25% from 0.31% QoQ.

For Q4FY26, the net interest margin (NIM) was reported at 4.67%, a decline from 4.97% in Q4FY25 and 4.54% in Q3FY26. Over the entire fiscal year FY26, the NIM averaged 4.60%, down from 4.96% in FY25.

The operating profit for Q4FY26 increased by 7% year-on-year, amounting to ₹5,855 crore, up from ₹5,472 crore, and showed a sequential rise of 9% from ₹5,380 crore in Q3FY26. The cost of funds improved to 4.45% in Q4FY26, compared to 5.09% a year earlier and 4.54% in the previous quarter, while for FY26, it was 4.67%, down from 5.10% in FY25.

For the full fiscal year, Kotak Mahindra Bank's net advances grew by 16% year-on-year, totaling ₹4,96,009 crore as of March 31, 2026, compared to ₹4,26,909 crore the previous year. Additionally, asset quality improved, with slippages for Q4FY26 decreasing by 32% year-on-year to ₹1,018 crore from ₹1,488 crore. The bank's operating profit for the year rose by 5% year-on-year to ₹22,067 crore, up from ₹21,006 crore.