Kotak Mahindra Bank has reported a steady performance for the third quarter of FY26, with consolidated profit after tax (PAT) rising 5 per cent year-on-year to ₹4,924 crore. Profit grew 10 per cent sequentially from ₹4,468 crore in Q2FY26. The results include an estimated post-tax impact of ₹98 crore due to the new Labour Code.
Standalone PAT for the quarter stood at ₹3,446 crore, up 4 per cent year-on-year and 6 per cent quarter-on-quarter. Net interest income increased 5 per cent year-on-year to ₹7,565 crore, while net interest margin was stable at 4.54 per cent.
Net advances rose 16 per cent to ₹4.81 lakh crore as of December 31, 2025, while customer assets grew 15 per cent to ₹5.29 lakh crore. Period-end deposits increased 15 per cent to ₹5.43 lakh crore, with the CASA ratio at 41.3 per cent. The bank’s customer base stood at 5.1 crore.
Fees and services income grew 8 per cent year-on-year to ₹2,549 crore. Operating expenses rose 8 per cent to ₹5,023 crore, including an incremental cost of ₹96 crore linked to the new Labour Code. Excluding this, cost growth was 6 per cent.
Asset quality improved, with gross NPAs declining to 1.30 per cent and net NPAs to 0.31 per cent. At the consolidated level, customer assets rose 15 per cent to ₹5.99 lakh crore, while assets under management reached ₹7.88 lakh crore. Capital adequacy remained strong at 23.3 per cent under Basel III norms.
