Kotak Mahindra Bank reported a 29% rise in standalone second-quarter profit to ₹4,212 crore in its 24 October 2026 release, even as its net interest margin narrowed. The results require two distinctions: bank-only figures are not group-wide results, and higher profit does not mean every profitability measure improved.
Two profit measures, two accounting scopes
| Measure | Disclosure | Official source |
|---|---|---|
| Standalone profit after tax | ₹4,212 crore; up 29% year on year and 2% quarter on quarter. | Official source |
| Consolidated profit after tax | ₹5,645 crore; up 26% year on year and 3% quarter on quarter. | Official source |
| Net interest income | ₹8,459 crore; up 16% year on year. | Official source |
| Net interest margin | 4.31%; 4.54% in Q2 FY26 and 4.53% in Q1 FY27. | Official source |
| Asset quality | Gross NPA 1.04%; net NPA 0.24% as at 30 September 2026. | Official source |
| Review status | Unaudited standalone and consolidated results approved by the board on 24 October 2026. | Official source |
Standalone profit covers the bank itself. Consolidated profit brings in group subsidiaries and other entities within the consolidation perimeter. The ₹5,645 crore group figure should not be described as the bank-only profit, or compared with a standalone prior-year amount.
Why the margin deserves attention
Net interest income is interest earned less interest paid. Net interest margin expresses net interest income against the relevant interest-earning asset base; it is not the same as final net-profit margin. The bank said margin moderation was largely connected with FCNR(B) deposit mobilisation during the quarter.
The year-on-year decline from 4.54% to 4.31% is 0.23 percentage points, or 23 basis points. Higher net interest income can coexist with a lower margin when the underlying earning-asset base or funding mix changes.
Asset quality is a separate check
Gross non-performing assets were 1.04% and net non-performing assets 0.24% at 30 September. These are the disclosed asset-quality ratios, not a promise that future credit losses will remain unchanged.
The quarter ended in September; 24 October is the announcement date. No live share-price reaction, dividend entitlement or assured investment gain is inferred from the release.
Official records and scope
Kotak Mahindra Bank 1 · Kotak Mahindra Bank 2. These are issuer/regulator records, not two independent investigations. Latest saved source observation: .
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