Kotak Bank is expected to report a steady set of Q3FY26 numbers, with modest growth in profits and operating metrics, supported by healthy loan expansion, stable margins and benign asset quality trends. The earnings will be announced on Saturday, January 24, 2026.

Profit After Tax Projections

The private lender is likely to report a 1%-3% year-on-year rise in its December quarter net profit, with estimates varying across brokerages:

Net Interest Income Growth

Net interest income is likely to go up by up to 5% YoY to Rs 7,565 crore in the quarter under review, according to brokerage estimates:

Pre-Provision Operating Profit Outlook

While pre-provision operating profit growth is likely to remain moderate, estimates show consistent positive momentum:

Net Interest Margin Trends

Net interest margins are expected to face pressure with sequential moderation anticipated:

• Nuvama: 4.60%, down 33 bps YoY, up 6 bps QoQ
• Emkay Research: 4.5%, down 42 bps YoY and 3 bps QoQ
• YES Securities: Sequential moderation expected as yield compression outpaces deposit cost decline

Loan and Deposit Growth

The bank's balance sheet expansion is expected to continue with healthy growth rates:

Asset Quality and Credit Costs

Analysts expect controlled credit costs and improving GNPA/NNPA ratios to underpin earnings resilience:

Asset Quality Metrics:

• GNPA: Expected at 1.39% in Q3FY26 versus 1.45% in Q2FY26
• NNPA: Projected at 0.32% in Q3FY26 versus 0.37% in Q2FY26
• Provisions (Nuvama): Rs 880 crore, likely up 10.2% YoY and down 8% QoQ

Credit Cost Outlook:

• Nuvama: 0.73%, down 4 bps YoY and 9 bps QoQ
• Emkay Research: Lower loan loss provisions to support profitability
• YES Securities: Slight sequential moderation in credit costs expected

The brokerage estimates used in this preview include PL Capital, Nuvama, Emkay Research and YES Securities, providing a comprehensive view of the bank's expected performance across key financial metrics.

Kotak Bank executed a significant block trade on the National Stock Exchange (NSE), marking substantial institutional activity in the banking sector. The transaction represents one of the notable large-volume trades in the financial services space.

Block Trade Details

The block trade transaction involved considerable volume and value, demonstrating significant market interest in the bank's shares.

Market Implications

Block trades are typically executed by institutional investors, mutual funds, or large stakeholders looking to buy or sell substantial quantities of shares without significantly impacting the stock's market price. These transactions are conducted outside the regular trading mechanism to ensure minimal market disruption.

The execution of this block trade at ₹422.60 per share indicates the price level at which institutional participants were willing to transact in Kotak Mahindra Bank shares. Such large-volume transactions often reflect strategic portfolio adjustments or significant investment decisions by institutional players.

Transaction Significance

The ₹81.73 crore transaction value represents a substantial single-day institutional activity for the bank's stock. Block trades of this magnitude typically attract market attention as they may signal changing institutional sentiment or strategic repositioning by large investors in the banking sector.