Kotak Mahindra Bank Q4 results 2026: profit up 13%

What Kotak Mahindra Bank reported for the March quarter

Kotak Mahindra Bank reported a 13.4% year-on-year rise in net profit to ₹4,026.55 crore for the March quarter, according to its stock exchange filing. The profit beat Bloomberg consensus estimates of ₹3,663 crore. The bank also announced a shareholder payout, with its board recommending a dividend of ₹0.65 per equity share. Each equity share has a face value of Re 1, as stated in the filing.

The numbers pointed to a quarter where profitability was supported by core income and lower provisioning. Operating performance was described as steady, with operating profit rising 7% year-on-year to ₹5,855 crore. While the filing highlighted stronger profitability, it also showed a dip in other income during the quarter.

Dividend recommendation: ₹0.65 per share

The board recommended a dividend of ₹0.65 per equity share (face value Re 1). The update was part of the bank’s exchange filing alongside quarterly results. Dividend recommendations typically need shareholder approval, but the filing only stated the board’s recommendation.

For investors tracking payout trends, the key takeaway in this release was the quantum of dividend per share and the fact that it was announced along with quarterly earnings. No additional details on record dates or payout timelines were included in the provided text.

Interest income and expense: spread supports core earnings

Interest income grew 4.8% year-on-year to ₹14,175 crore. Interest expense increased 0.9% year-on-year to ₹6,299 crore. The slower growth in interest expense relative to interest income supported core earnings for the quarter, as per the filing’s metrics.

Operating profit rose 7% year-on-year to ₹5,855 crore, which was described as broadly in line with estimates. These figures indicate that the quarter’s operating performance was not driven by a sharp jump in revenues, but by stable operating execution and costs, alongside credit cost movements.

Other income declines year-on-year

Other income came in at ₹3,116 crore, down 2.1% year-on-year and below estimates, according to the data shared. This meant that non-interest revenue did not add incremental upside in the quarter despite steady operating profit growth.

The filing did not break down the components of other income. With only the headline number available, the key point is that this line item lagged expectations while the bank still delivered a profit beat on the back of other factors.

Asset quality and provisions: sequential improvement

On asset quality, gross non-performing assets (GNPAs) improved sequentially to 1.2% from 1.3% in the previous quarter. Provisions declined sharply by 36% quarter-on-quarter to ₹516 crore, which aided profitability.

The combination of a lower GNPA ratio and a sizable reduction in provisions is an important part of the quarterly narrative in the provided data. The filing framed this as a support to profit growth, alongside the steady operating performance.

Separate disclosure set: consolidated Q4 FY25 numbers

A separate set of figures in the provided text described Kotak Mahindra Bank’s consolidated performance for Q4 FY25. Consolidated net profit was reported at ₹4,933 crore in Q4 FY25, down 8% year-on-year from ₹5,337 crore. Consolidated revenue for Q4 FY25 stood at ₹27,174 crore, compared with ₹27,907 crore a year earlier.

This section also stated that the decline was mainly due to subdued profitability in insurance and capital market businesses. It further noted standalone profit after tax (PAT) for the bank at ₹3,552 crore in Q4 FY25, lower than ₹4,133 crore year-on-year.

FY25 performance indicators: PAT, ROA and ROE

For the full year FY25, consolidated PAT was reported at ₹22,126 crore versus ₹18,213 crore in FY24, a 21% rise. The same data set reported ROA (FY25) at 2.36% and ROE (FY25) at 13.12%.

These FY25 indicators were presented alongside the quarterly numbers, showing that the year-on-year growth trend at the full-year level differed from the quarterly decline reported on a consolidated basis.

Operational growth metrics for the quarter ended March 31, 2026

The provided text also included key operating metrics for the quarter ended March 31, 2026, disclosed under SEBI regulations. Net advances were reported at ₹4,95,892 crore, up 16.2% year-on-year, with 3.2% quarter-on-quarter growth. Total deposits were reported at ₹5,72,457 crore, up 14.7% year-on-year and 5.5% quarter-on-quarter.

CASA deposits were reported at ₹2,47,724 crore, up 15.5% year-on-year. The text also stated that average net advances during the quarter were ₹4,81,769 crore.

Key numbers at a glance

Market impact and what investors track next

The March-quarter filing showed a profit beat versus Bloomberg consensus, supported by steady operating profit and sharply lower provisions. The sequential improvement in gross NPAs to 1.2% from 1.3% is another data point that investors typically monitor when assessing credit quality. At the same time, the decline in other income to ₹3,116 crore indicated that non-interest revenue was softer year-on-year in this quarter.

Across the additional disclosures included in the provided text, the consolidated Q4 FY25 picture was mixed, with profit down year-on-year even as FY25 consolidated PAT rose 21% and ROA and ROE were reported at 2.36% and 13.12%, respectively. The operational metrics as of March 31, 2026 showed double-digit year-on-year growth in both advances and deposits, suggesting continued balance-sheet expansion.

Conclusion

Kotak Mahindra Bank’s March-quarter filing reported net profit growth to ₹4,026.55 crore and a dividend recommendation of ₹0.65 per share, alongside steady operating profit and sequentially improving gross NPAs. Other disclosures in the provided text highlighted a separate consolidated Q4 FY25 profit decline and detailed FY25 profitability ratios, as well as advances and deposits growth as of March 31, 2026. The next set of investor checkpoints, based strictly on the numbers provided, will remain core income trends, other income trajectory, asset-quality movements, and provisioning levels in subsequent filings.