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Banks (Finance)

Kotak Mahindra Bank Reports 3% Drop in Standalone Net Profit for Q2FY26

Strategic Insights

— 1 min read

Kotak Mahindra Bank's net interest income for Q2FY26 rose 4% to Rs 7311 crore, while its gross NPA ratio marginally improved to 1.39% from 1.49% in Q2FY25. However, the bank saw a 43% rise in provisions and contingencies to Rs 947 crore compared to Rs 660 crore in Q2FY25. The bank's net profit during the quarter was Rs 3253 crore, a 3% drop from Rs 3344 crore in Q2FY25.

Key Takeaways:

  • The bank's net interest income for Q2FY26 rose by 4% to Rs 7311 crore from Rs 7020 crore in Q2FY25.
  • The gross NPA ratio marginally improved to 1.39% from 1.49% in Q2FY25.
  • Provisions and contingencies rose by 43% to Rs 947 crore from Rs 660 crore in Q2FY25.
  • The bank saw a 74% increase in write-offs during the quarter at Rs 1099 crore compared to Rs 638 crore in Q2FY25.
  • The bank's net profit during the quarter was Rs 3253 crore, a 3% drop from Rs 3344 crore in Q2FY25.
  • At the consolidated level, the Kotak Group's net profit during Q2FY26 was Rs 4468 crore, down 11% from Rs 5044 crore in Q2FY25.

Statistics:

  • Net interest income: Rs 7311 crore (up 4% from Rs 7020 crore in Q2FY25)
  • Gross NPA ratio: 1.39% (down from 1.49% in Q2FY25)
  • Write-offs: Rs 1099 crore (up 74% from Rs 638 crore in Q2FY25)
  • Provisions and contingencies: Rs 947 crore (up 43% from Rs 660 crore in Q2FY25)
  • Net profit at standalone level: Rs 3253 crore (down 3% from Rs 3344 crore in Q2FY25)
  • Consolidated net profit: Rs 4468 crore (down 11% from Rs 5044 crore in Q2FY25)

Sources:

  • Kotak Mahindra Bank's quarterly earnings report
  • ABP Private Limited, distributed by Contify.com (citing investor disclosures)

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