Kotak Mahindra Bank Limited delivered a strong quarterly performance with standalone net profit for Q4 reaching ₹4,026 crore, marking a 13% year-on-year growth from ₹3,550 crore in the corresponding quarter last year. The bank reported revenue of ₹14,200 crore for the quarter, a 5% increase from ₹13,500 crore in the previous year. The Board of Directors approved these audited standalone and consolidated results at their meeting held on May 2, 2026. Following the results, several leading global brokerages maintained bullish ratings on the stock, citing strong core performance, improving asset quality, and attractive valuations.

Q4FY26 Standalone Performance Highlights

The bank demonstrated robust operational performance across key metrics during the fourth quarter:

Asset Quality Shows Marked Improvement

The bank demonstrated significant improvement in asset quality metrics with Gross NPA ratio declining to 1.20% in Q4 from 1.30% in the previous quarter, while Net NPA ratio improved to 0.25% from 0.31% quarter-on-quarter. Fresh slippages for the quarter declined to ₹1,018 crore, representing a substantial improvement from ₹1,610 crore in the previous quarter and ₹1,488 crore in the corresponding quarter last year.

FY26 Annual Financial Performance

For the full financial year, the bank reported steady growth in key revenue streams:

*Excluding gain on ZKGI divestment

Business Growth and Customer Metrics

The bank maintained strong growth momentum across its lending and deposit portfolios:

Consolidated Results and Subsidiary Performance

Consolidated PAT for Q4FY26 stood at ₹5,423 crore, up 10% YoY from ₹4,933 crore in Q4FY25. For FY26, consolidated PAT reached ₹19,288 crore. Key subsidiaries contributed significantly to overall performance:

Capital Position and Dividend Recommendation

The bank maintained robust capital adequacy with Basel III ratio at 22.40% and CET1 ratio at 21.30%, well above regulatory requirements. The Board recommended a dividend of ₹0.65 per equity share of face value ₹1 for FY26, subject to shareholder approval at the Annual General Meeting. Return on Assets stood at 2.14% for Q4FY26 and Return on Equity at 12.27% for the quarter.

Brokerage Views Post Q4FY26 Results

Following the Q4FY26 results, leading global brokerages weighed in with their assessments. The majority maintained bullish stances, highlighting the PAT beat, improving asset quality, and steady loan and NII growth as key positives. The following table summarises the ratings and target prices:

Kotak Mahindra Bank has confirmed the payment of principal and interest to bondholders for its 8.25% Senior Unsecured Redeemable Long Term Bonds under Regulation 57 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank remitted the payments to eligible bondholders on April 28, 2026, as per the scheduled due date.

Payment Details

The payment pertains to bonds with ISIN INE237A08940. The principal amount of Rs 150 crore and interest of Rs 1.0510 crore were paid on the due date. The bonds were Non-Convertible Debentures of Rs 1 lakh each.

Interest Payment Breakdown

The bank provided comprehensive details regarding the interest payment in Annexure A. The interest amount to be paid on the due date was Rs 1,05,10,273.97. The interest payment record date was April 13, 2026, while the due date and actual date for interest payment were both April 28, 2026. The last interest payment was made on March 30, 2026.

Redemption Details

The bonds were fully redeemed at maturity. The quantity redeemed was 1500 Non-Convertible Debentures. The due date for redemption and the actual date of redemption were both April 28, 2026. The amount redeemed was Rs 150,00,00,000, with no outstanding amount remaining. The reason for redemption was stated as maturity.

The bank has hosted this information on its website in compliance with the Listing Regulations, as amended. The confirmation was signed by Avan Doomasia, Company Secretary of Kotak Mahindra Bank Limited.