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Kotak Mahindra Bank Ltd Fully Paid Ord. Shrs
NSE: KOTAKBANK BSE: 500247 INE237A01036 Financial Services Bank 🔎 Screen
NIFTY 50 NIFTY 100 NIFTY 200 NIFTY 500 NIFTY Bank Fin. Services
₹389,090 Cr
Market Cap
2.16
P/B
4.53%
NIM
11.4%
ROE
1.18%
GNPA
-18.3%
Fin. Margin
-13.8%
% from 52W High
3
α RS
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📈 Price History
Ratio Health
Excellent
Good
Average
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By Category
Shareholding
About

Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance and General Insurance.

✓ Strengths

No strengths data yet.

! Concerns 6
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 13.7% over last 3 years.
  • Contingent liabilities of Rs.10,54,268 Cr.
  • Earnings include an other income of Rs.40,409 Cr.
  • Dividend payout has been low at 2.59% of profits over last 3 years
  • Working capital days have increased from 108 days to 154 days
Key Ratios Snapshot
📊 Sector Averages
📈 Growth Pattern
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Strong quarter: PAT up 26% YoY on lower provisions and healthy fee income, but NIM narrowed 12bps and CASA ratio slipped 60bps as deposit competition persisted. quarter Investor Presentation One-Pager? Jun 2026
Revenue (Net Total Income)
₹11,266 Cr
+9% YoY
Cost/Income Ratio
45.6%
Improved 60bps YoY from 46.2%
PAT (Standalone)
₹4,123 Cr
+26% YoY
NIM
4.53%
Down 12bps YoY from 4.65%; QoQ down 14bps
What Went Right
  • PAT grew 26% YoY to ₹4,123 Cr, driven by 10% YoY operating profit growth and sharp 45% YoY fall in provisions.
  • Fee & services income rose 11% YoY to ₹2,500 Cr, with general banking fees up 12%.
  • Credit cost halved to 0.46% annualised from 0.93% a year ago; GNPA ratio improved to 1.18% from 1.48%.
  • Advances grew 15% YoY to ₹5.28 lakh Cr, led by institutional banking (+20%), home loans (+15%), and SME (+20%).
  • Consolidated PAT including subsidiaries rose 23% YoY to ₹5,480 Cr, with asset management PAT up 30% and capital markets up 12%.
What to Watch
  • NIM compressed 12bps YoY to 4.53% and 14bps QoQ, as cost of funds fell only 55bps YoY but loan yields declined more.
  • CASA ratio dropped to 40.3% from 40.9% a year ago and 43.3% last quarter, reflecting deposit mix pressure.
  • SMA-2 loans (borrowers >₹5 Cr) rose to ₹249 Cr from ₹194 Cr in March, a 28% QoQ increase.
  • Tractor finance book declined 1% QoQ (now ₹19,793 Cr), and CV/CE book also slipped 2% QoQ, indicating seasonal softness.
  • Other income excluding fees fell sharply – trading/MTM loss of ₹58 Cr vs gain of ₹195 Cr in Q1FY26.
Investor Lens
The quarter validates Kotak’s diversified model: core banking profits were supported by lower credit costs and strong fee income, but NIM erosion and deposit mix deterioration remain concerns. Asset quality improved (GNPA 1.18%), yet the uptick in SMA-2 warrants monitoring. Subsidiaries contributed 33% of group PAT, with asset management and capital markets showing strong momentum. Key watch items for Q2FY27: NIM trajectory, deposit repricing, and growth in CASA; any further weakening would pressure ROE (11.98% standalone vs 12.27% last quarter). The absence of explicit full-year guidance keeps focus on execution amid rising competition for deposits.
From investor presentation · AI-generated analysis · Not investment advice
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📊 MIXED Net profit up 22.5% YoY but financing margin turns negative, indicating pressure.
Revenue
Revenue grew 6.4% YoY to ₹18,355 crore, with a 3.0% QoQ increase. Other income stood at ₹11,714 crore, while interest income was ₹7,703 crore.
Profitability
Net profit jumped 22.5% YoY to ₹5,480 crore, with EPS rising to ₹5.51 from ₹4.50 a year ago. PBT was ₹7,509 crore and the tax rate was 27%.
Margins
Financing margin turned negative at -23%, worsening from -20% YoY and -18% QoQ, signaling significant NIM compression.
Cash Flow
Skip — not applicable for banking/financial companies.
Balance Sheet
No specific balance sheet data provided. ROE stands at 11.4%, and the PE ratio is 20.11.
Key Risks
Negative and widening financing margin indicates NIM compression. Asset quality and credit costs remain key concerns. Regulatory changes could also impact profitability.
Outlook
Margin pressure may persist unless the bank improves its funding mix or reprices assets. Sustained loan growth and stable asset quality will be critical for earnings recovery.
Generated by AI · Jun 2026 results · Not investment advice
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Revenue by Segment

Segment Q3FY26 Q4FY26 Trend
Advisory and Transactional Services
288
367
Asset Management
936
732
Broking
1,204
1,294
Corporate / Wholesale Banking
6,207
6,985
Insurance
7,170
7,299
Other Lending Activities
574
585
Retail Banking
8,890
8,550
Treasury, BMU and Corporate Centre
3,356
3,194
Vehicle Financing
1,118
1,070
Total 29,744 30,075

Source: NSE Integrated Filing XBRL (Reg. 33 Ind AS). Values in ₹ Crore.

🏦 Banking KPIs

NIM, GNPA, CASA, CAR, ROA, ROE and more — extracted from investor presentations
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Quarterly banking KPIs with historical trend — NIM, GNPA, CASA, CAR and more, AI-extracted from investor presentations
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📊 Analysis Methodology

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