Kotak Mahindra’s Q1 Results: Net Profit Drops – Is It a Sign of Trouble Ahead?
Kotak Mahindra Bank Q1 Results:
Kotak Mahindra Bank announced its April to June quarter results on Saturday, July 26. When compared to the same period last year, the lender's net profits decreased by nearly 7.6% to 3,281.7 crore, from 3,520 crore.
About Kotak Mahindra Bank:
Kotak Mahindra Bank is one of India’s leading private sector banks, known for its strong retail and corporate banking services. Founded in 2003 after receiving a banking license from the Reserve Bank of India, the bank is a subsidiary of Kotak Mahindra Finance Ltd., which was established in 1985. Headquartered in Mumbai, Kotak offers a wide range of financial products and services, including savings accounts, loans, investment banking, insurance, and wealth management. With a robust digital banking platform and a customer-centric approach, Kotak Mahindra Bank has built a strong presence across the country.
Net Profit Drops
An exchange filing stated that the bank reported an unadjusted net profit of 6,249.8 crore in Q1FY25, which included a gain from the sale of a stake in Kotak Mahindra General Insurance Company to Zurich Insurance. In the first quarter of the fiscal year that ended in 2025-26, total interest income increased by 8.5% to 13,836.5 crore, up from 12,746 crore in the same period the year before. In the June quarter, the bank's net interest income (NII) increased by 6% from the previous year, reaching 7,259 crore from 6,842 crore. According to the exchange filing, Kotak Mahindra Bank's gross non-performing assets (NPAs) for the first quarter of the 2026 fiscal year were 1.48 percent, compared to 1.39 percent for the same period last year.
In the April-June quarter of FY26, the bank reported a net NPA of 0.34 percent, up from 0.35 percent in the same period of the previous fiscal year. Update on Kotak Mahindra Bank's share price After Friday's stock market session, Kotak Mahindra Bank shares ended at 2124.95, down 0.7% from the previous market close of 2141.45. On the 26th of July in 2025, the business made the results of its first quarter public. Following the release of earnings, it is anticipated that the stock will be the subject of attention on Monday, July 28, 2025. Disclaimer: The story is intended solely for educational purposes. Mint is not responsible for the opinions or recommendations expressed above, which are those of individual analysts or brokerage firms. Before making any decisions regarding investments, we recommend that investors consult licensed professionals.
