Kotak Mahindra Bank Q2 Net up 26% on Higher Income and Better Asset Quality

Kotak Mahindra Bank Q2 results: Consolidated net profit jumps 26% to Rs 5,645 crore; margins narrow

Kotak Mahindra Bank reported an impressive 26% growth in its consolidated net profit for the September quarter of FY27. Standalone profit surged by 29%, reaching Rs 4,212 crore. The bank's asset quality improved, as evidenced by the notable decrease in gross non-performing assets. Moreover, the net interest income increased by 16%, with a robust capital adequacy ratio of 21.9%. Nevertheless, the net interest margin dipped to 4.

Kotak Mahindra Bank Q2 standalone profit rises 29% to Rs 4,212 crore; net interest margin narrows

Kotak Mahindra Bank on Saturday reported a 29 per cent year-on-year rise in standalone net profit to Rs 4,212 crore for the July-September quarter of FY27, compared with Rs 3,253 crore in the corresponding period last year, even as its net interest margin declined during the quarter.

Kotak Mahindra Bank Q2 net up 26% on higher income and better asset quality

Kotak Mahindra Bank posts 26% YoY Q2 net profit rise, driven by higher income and better asset quality, with GNPA at 1.04%.

Kotak Bank Q2 profit rises 29%, beats estimates

Kotak Mahindra Bank posts 29% Q2 profit beat, driven by loan growth and lower provisions, with NII up 16% and improved asset quality.

Kotak Mahindra Bank's Q2 net profit jumps 26% to Rs 5,645 crore

The company had reported a net profit of Rs 5,487.06 crore in the June quarter of the current financial year.