Kotak Mahindra Bank (KOTAKBANK) Q4 25/26 earnings summary

Executive summary

• Q4FY26 consolidated PAT was ₹5,238 crore, up 6% YoY; FY26 PAT was ₹19,103 crore, nearly flat YoY excluding one-time gains.

• Bank PAT for Q4FY26 grew 13% YoY to ₹4,027 crore; FY26 PAT rose 2% YoY to ₹14,008 crore.

• Customer assets at ₹616,219 crore (+15% YoY) and AUM at ₹747,613 crore (+12% YoY) as of March 2026.

• Subsidiaries contributed 23% of consolidated Q4 profits, despite capital market volatility.

• Audited financial results for FY26 were approved with unmodified audit opinions from joint statutory auditors.

Financial highlights

• Standalone balance sheet grew 13% YoY; net advances up 16% YoY, led by SME and mortgage segments.

• Q4 NIM at 4.67% (4.54% adjusted for days); FY26 NIM was 4.60%.

• CASA ratio at 43.3% as of March 2026; current account and fixed rate savings up 23% and 18% YoY.

• Consolidated total income for FY26 was ₹107,563.70 crore, up from ₹103,076.10 crore YoY.

• Consolidated Q4 PAT at INR 5,238 crore, up 6% QoQ; full-year consolidated PAT at INR 19,103 crore (excluding stake sale gains).

Outlook and guidance

• NIM expected to decline gradually in FY27, mainly due to higher term deposit rates, but at a slower pace than FY26.

• Credit costs anticipated to remain stable or improve, with focus on collection efficiency and risk controls.

• Continued investment in technology and digital platforms to drive cost efficiencies and operating leverage.

• Focus on diversified growth across banking, capital markets, insurance, and asset management.

• The business activities of Kotak Mahindra Investments Limited will be conducted departmentally within the bank from April 1, 2026.