Kotak Mahindra Bank reports a stronger Q1 performance, with multiple outlets citing a year-on-year rise in profits. On a consolidated basis, the bank’s net profit after tax is reported at ₹5,480.46 crore for the quarter ended 30 June 2026, up about 22.5% from ₹4,472.18 crore a year earlier. Several reports also cite a 26% increase in Q1 standalone net profit to about ₹4,123 crore, attributing the increase to higher net interest income and operating profit. The bank’s income rises in the quarter as well, with total income reported higher year-on-year. Asset quality is described as improving, with gross and net NPA ratios and asset-quality indicators moving in a favourable direction compared with the previous year. However, some sequential signals are mixed: at least one report notes that net profit declines slightly quarter-on-quarter. Shares fall after the results, with analysts pointing to controlled credit slippages and credit costs as positives, while acknowledging that some key ratios weaken sequentially. Brokerages give varied ratings, ranging from reiterations of buy-type views to add-rated stances.
Kotak Mahindra Bank Q1 profit rises, shares fall amid mixed sequential signals
Kotak Mahindra Bank reports a stronger Q1 performance, with multiple outlets citing a year-on-year rise in profits. On a consolidated basis, the bank’s net profit after tax is reported at ₹5,480.46 cr...
- Kotak Mahindra Bank reports Q1 net profit growth year-on-year, with consolidated net profit after tax at ₹5,480.46 crore (up ~22.5%) and standalone net profit at about ₹4,123 crore (up ~26%).
- Net interest income and operating profit are cited as key drivers of the profit increase.
- Asset quality improves versus the previous year, with gross and net NPA-related indicators described as moving in a favourable direction.
- Some sequential performance is mixed, with at least one report noting a slight quarter-on-quarter decline in net profit.
- Despite the profit rise, Kotak Mahindra Bank shares fall after results, and analysts/ brokerages issue varied views.
Kotak Mahindra Bank shares fell after reporting a strong profit increase for the first quarter. Net profit rose 26% year-on-year, and net interest income also saw growth. Asset quality improved from the previous year, though key ratios weakened sequentially. Brokerages provided varied ratings, with some reiterating buy recommendations and others maintaining add ratings. Analysts cited controlled slippages and credit costs as positive factors supporting the bank's performance.
1 month agoNIM narrows to 4.53% even as advances, deposits and fee income post healthy growth
1 month agoKotak Mahindra Bank has showcased remarkable financial growth in the June quarter, driven by a notable surge in net interest income and a reduction in provisions. Year-on-year growth in deposits and net advances reflects strong performance. Additionally, the bank reported improved asset quality, evidenced by decreasing gross and net NPA ratios, while successfully maintaining a robust capital adequacy ratio.
1 month agoOn a standalone basis, net profit of the bank stood at ₹4,122.96 crore in the June 2026 quarter, as compared to ₹3,281.68 crore in the year-ago period
1 month agoKotak Mahindra Bank posted a 26% rise in Q1 standalone net profit to Rs 4,123 crore, driven by growth in net interest income and operating profit.
1 month ago
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