Kotak Mahindra Bank Reports Q3FY26 PAT of ₹ 4,924 Crore, up 5% YoY
Filing Summary
Kotak Mahindra Bank Ltd announced its consolidated and standalone unaudited financial results for Q3FY26. The consolidated Profit After Tax (PAT) reached ₹ 4,924 crore, marking a 5% year-on-year increase. Standalone PAT was ₹ 3,446 crore, up 4% YoY. Consolidated customer assets grew to ₹ 598,780 crore, a 15% increase. The bank’s capital adequacy ratio stood at 23.3% under Basel III norms. The results reflect growth in net advances and deposits, with a CASA ratio of 41.3%. The financial statements adhere to Indian Accounting Standards.
Kotak Mahindra Bank Ltd has released its consolidated and standalone unaudited financial results for the quarter and nine months ending December 31, 2025. The consolidated Profit After Tax (PAT) for Q3FY26 was reported at ₹ 4,924 crore, reflecting a 5% increase from ₹ 4,701 crore in Q3FY25 and a 10% rise from ₹ 4,468 crore in Q2FY26. The standalone PAT for the same period was ₹ 3,446 crore, up 4% year-on-year from ₹ 3,305 crore and 6% quarter-on-quarter from ₹ 3,253 crore.
The bank’s consolidated customer assets, including advances and credit substitutes, increased to ₹ 598,780 crore as of December 31, 2025, a 15% rise from ₹ 519,126 crore the previous year. Total customer assets under management grew to ₹ 787,950 crore, also up 15% year-on-year. The domestic mutual fund assets under management saw a 20% increase, reaching ₹ 586,610 crore. The consolidated net worth was reported at ₹ 175,251 crore, with a book value per share of ₹ 176.
Operationally, the bank’s net advances rose by 16% year-on-year to ₹ 480,673 crore. Total period-end deposits increased to ₹ 542,638 crore, marking a 15% growth from the previous year. The CASA ratio stood at 41.3%. The net interest income for Q3FY26 was ₹ 7,565 crore, a 5% increase from the previous year. The net interest margin was 4.54%, consistent with the previous quarter. Operating expenses for the quarter were ₹ 5,023 crore, including an estimated incremental cost of ₹ 96 crore due to the new Labour Code.
The bank’s capital adequacy ratio under Basel III norms was reported at 23.3%, with a CET I ratio of 22.4%. The average liquidity coverage ratio for the quarter was 135%. The credit to deposit ratio as of December 31, 2025, was 88.6%. The gross non-performing assets (GNPA) ratio was 1.30%, and the net non-performing assets (NNPA) ratio was 0.31%, with a provision coverage ratio of 76%.
The bank’s financial statements for Indian subsidiaries and associates are prepared in accordance with Indian Accounting Standards, while those for subsidiaries outside India follow local accounting principles. However, for consolidated financial results, all are aligned with Generally Accepted Accounting Principles in India.
Kotak Mahindra Bank Ltd, established in 1985, is a leading financial services conglomerate in India. It offers a wide range of services including commercial banking, stock broking, mutual funds, and insurance. The bank has a significant presence in India with 2,218 branches and 2,749 ATMs as of December 31, 2025, and operates internationally through subsidiaries in the UK, USA, Gulf Region, Singapore, and Mauritius.