Kotak Mahindra Bank reported a net profit of ₹3,253 crore for the quarter ended September 30, down 2.7% year-on-year from ₹3,344 crore in Q2 FY25. The result was slightly below market estimates of ₹3,272 crore.Net interest income (NII) rose to ₹7,311 crore, up 4.1% YoY from ₹7,020 crore in the same quarter last year and slightly above estimates of ₹7,294 crore.Provisions during the quarter stood at ₹947 crore, compared with ₹660 crore in Q2 FY25 and ₹1,208 crore in Q1 FY26.
Asset quality showed improvement, with gross non-performing assets (GNPA) declining to ₹6,480 crore from ₹6,638 crore in Q1 FY26. Net NPA fell to ₹1,491 crore from ₹1,531 crore sequentially. The gross NPA ratio stood at 1.39% versus 1.48% in Q1 FY26, while the net NPA ratio improved to 0.32% from 0.34% sequentially.
