Kotak Mahindra Bank (KOTAKBANK) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 consolidated PAT was ₹5,645.38 crore, up 26% YoY; standalone PAT was ₹4,211.97 crore, up 29%. Subsidiaries contributed 26% of consolidated profit.

• Management emphasized profitable growth, customer-franchise expansion, a stronger deposit base and technology-led productivity.

Financial highlights

• Standalone NII rose 16% YoY to ₹8,459 crore; net total income increased 18% to ₹11,653 crore and operating profit rose 21% to ₹6,382 crore.

• Consolidated operating profit was ₹8,350.73 crore and PBT ₹7,530.30 crore; consolidated PAT rose 3% QoQ.

• H1 FY27 consolidated PAT grew 24% to ₹11,126 crore, excluding the prior-year Infina divestment gain; standalone H1 PAT was ₹8,334.93 crore.

• Standalone deposits were ₹651,491.47 crore and advances ₹577,294.71 crore at September 30, 2026, up 23% and 25% YoY, respectively.

• Consolidated total income was ₹29,426.88 crore in Q2 FY27; consolidated net customer assets reached ₹699,250 crore, up 21% YoY.

Outlook and guidance

• Advances are targeted to grow at 1.5x–2x nominal GDP; remaining FCNR liquidity is planned for deployment into customer assets over coming quarters, beyond core deposit-funded growth.

• NIM reflects the full-quarter FCNR funding impact, asset deployment and repo-rate transmission; management expects deployment to support a pickup but gave no margin guidance.

• Investment priorities include customer segments, independent product businesses, technology, digital and AI; planned efficiency measures include reducing manual work and fixed overhead.

• Digital investment targets scalable infrastructure, data-led risk decisions and AI-enabled service, productivity and controls; core architecture supports ~10,000 transactions per second and 3.6 crore+ API calls daily.

• Kotak811 monthly customer acquisition averaged 321K over the rolling 12 months; digital savings accounts were 13.3% of total savings accounts.