Kotak Mahindra Bank Reports 29% Year-Over-Year Profit Jump in Q2FY27
What happened
Kotak Mahindra Bank reported that its profit after tax increased 29% year-over-year to Rs 4,212 crore in Q2FY27, up from Rs 3,253 crore in Q2FY26, according to a report by Kumar Gaurav. Net interest income rose 16% year-over-year to Rs 8,459 crore. Consolidated customer assets grew 21% year-over-year, reaching Rs 6,99,250 crore as of September 30, 2026.
From indiatimes.com
Why it matters
The strong performance indicates significant growth in the bank's core lending and asset management activities. The increase in book value per share to Rs 196, reflecting a 16% year-over-year rise, suggests improved shareholder value. The bank's annualised return on equity stood at 11.70% for Q2FY27.
From indiatimes.com
Who's involved
- Kumar GauravAuthor of the article detailing the bank's financial results
- Kotak Mahindra BankIndian private sector bank whose Q2FY27 financial results were reported
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The entities involved
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Kumar Gaurav
Indian businessperson (born 1977, child of Umesh Kumar Singh)
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Kotak Mahindra Bank
Indian private sector bank headquartered in Mumbai