KOTAKBANK

Kotak Mahindra Bank share price & financials

Price
₹399.25
Market cap
₹4.0L Cr
Sector
Financial Services
Calls analysed
8
Latest concall · Q1 FY27 · call held 18 Jul 2026

Kotak Mahindra Bank Limited Q1 FY27

NIM 4.53%

What went well

  • Group Profit After Tax (PAT) stood at INR 5,480 crore, marking a 23% Y-o-Y growth.
  • Bank's standalone PAT was INR 4,123 crore, a 26% Y-o-Y increase.
  • Customer assets grew by 16% Y-o-Y, primarily fueled by SME and institutional banking segments.

What to watch

  • Net Non-Performing Assets (NNPA) slightly increased to 0.27% from 0.25% on a sequential basis.
  • Slippages rose to INR 1,321 crore in Q1 FY27 from INR 1,018 crore in the previous quarter, mainly from commercial vehicle and tractor finance portfolios.
Read the full call →

What Kotak Mahindra Bank Limited does

Kotak Mahindra Bank is a private-sector bank and the flagship of the Kotak Mahindra Group, one of India's diversified and integrated financial-services conglomerates, established in 1985. It earns primarily from lending across consumer, commercial and wholesale banking and from deposit-based services, complemented by group businesses spanning securities broking, investment banking, asset management, life insurance and vehicle finance. The bank serves retail, SME, corporate and institutional clients through a pan-India network of branches, ATMs, franchisees and digital platforms, with an international presence at GIFT City (Gujarat), the DIFC in Dubai and offices across several overseas financial centres.

Segments

  • Consumer Banking
  • Commercial Banking
  • Wholesale Banking
  • Treasury
Bank branches (India)
2,148
Bank ATMs (incl. cash recyclers)
3,295
Number of customers of the Bank
5.3 crore
Full-time employees (group)
114,000+
Group branch network in India
5,378
Pan-India operating locations
961
Founded 1985Headquarters 27 BKC, Bandra Kurla Complex, Mumbai, Maharashtra, IndiaEmployees 1,14,000 (2026-03-31) Company website

Guidance record · Q1 FY27

what the last two calls moved 22 tracked 9 delivered 5 missed 8 open
  • Net NPA delivered said Q1 FY25 Promised: 0.35% Q1 FY27: Net NPA stood at 0.27%, a slight increase from 0.25% QoQ, but remains well below the 0.35% target ceiling.
  • Unsecured Retail Book Growth missed said Q1 FY25 Promised: Mid-teens Q1 FY27: The original 'mid-teens' target was not reiterated. Management guided for continued growth in absolute rupee terms, but sequential growth slowed to INR 707 cr from INR 1,200 cr in Q4.
  • Cost-to-Asset Ratio missed said Q3 FY26 Promised: maintain in the range of 2.5-2.6% Q1 FY27: The cost-to-asset ratio improved to 2.66% in Q1 FY27, moving closer to the target range but still not within it. The promise remains missed but is showing positive direction.

All 22 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 6.4%, net profit up 22.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue16,427 16,633 16,772 17,248 17,199 +5%17,507 +5%17,827 +6%18,355 +6%
Net profit5,044 4,701 4,933 4,472 4,468 −11%4,924 +5%5,423 +10%5,480 +23%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −78.8% 1Y

₹0.5k₹1.0k₹1.5k₹2.0kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 24 Oct 2025Q3 FY26 — 23 Jan 2026Q4 FY26 — 30 Apr 2026Q1 FY27 — 17 Jul 2026

1Y: ₹1,973.3 on 10 Sept 2025 → ₹419. High ₹2,225.6 (23 Oct 2025), low ₹353.4 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−2.0%
18 Jul
Q4 FY26
−3.0%
2 May
Q3 FY26
−3.3%
24 Jan
Q2 FY26
−1.8%
25 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 18.3% a year over 3 years, FY23 to FY26.

Year endingFY23FY24FY25FY26
Revenue₹42.2k Cr₹56.2k Cr₹65.7k Cr₹69.8k Cr
Interest₹14.4k Cr₹22.6k Cr₹28.3k Cr₹29.6k Cr
Depreciation₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Net profit₹14.9k Cr₹18.2k Cr₹22.1k Cr₹19.3k Cr
Net margin35.4%32.4%33.7%27.6%
Cash from operations₹-1.2k Cr₹15.7k Cr₹16.9k Cr₹41.7k Cr
Free cash flow₹-2.2k Cr₹14.6k Cr₹15.8k Cr₹40.7k Cr
ROE14.0%15.0%15.0%11.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹991 Cr₹992 Cr₹993 Cr₹994 Cr₹994 Cr₹995 Cr
Reserves₹83.3k Cr₹95.7k Cr₹110.8k Cr₹129.0k Cr₹166.9k Cr₹180.2k Cr
Borrowings₹48.2k Cr₹55.6k Cr₹57.5k Cr₹75.1k Cr—₹95.4k Cr
Deposits₹278.9k Cr₹310.1k Cr₹361.3k Cr₹445.3k Cr—₹566.9k Cr
Other liabilities₹67.4k Cr₹84.1k Cr₹89.8k Cr₹117.3k Cr₹137.8k Cr₹159.8k Cr
Total liabilities₹478.9k Cr₹546.5k Cr₹620.4k Cr₹767.7k Cr₹913.0k Cr₹1003.4k Cr
Fixed assets₹2.6k Cr₹2.7k Cr₹3.1k Cr₹3.5k Cr₹2.8k Cr₹3.8k Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹156.9k Cr₹164.5k Cr₹195.3k Cr₹246.4k Cr₹284.8k Cr₹290.6k Cr
Other assets₹319.4k Cr₹379.2k Cr₹422.0k Cr₹517.7k Cr₹625.3k Cr₹708.9k Cr
Total assets₹478.9k Cr₹546.5k Cr₹620.4k Cr₹767.7k Cr₹913.0k Cr₹1003.4k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +8.10 pp while FIIs trimmed −7.13 pp. The shareholder count grew 14% to 7,84,727.

Promoters
25.9%
FIIs
25.2%
DIIs
37.7%
Public
11.2%

Since Jun 2025

  • DIIs +8.10 pp
  • FIIs −7.13 pp
  • Public −0.98 pp

How it drifted, 12 quarters

Over this window DIIs went from 20.0% to 37.7% — +17.7 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 25.9%, FIIs 41.0%, DIIs 20.0%, Public 13.1%.Dec '23: Promoters 25.9%, FIIs 39.7%, DIIs 21.4%, Public 13.0%.Mar '24: Promoters 25.9%, FIIs 37.6%, DIIs 23.4%, Public 13.1%.Jun '24: Promoters 25.9%, FIIs 33.2%, DIIs 27.7%, Public 13.3%.Sep '24: Promoters 25.9%, FIIs 33.4%, DIIs 27.9%, Public 12.8%.Dec '24: Promoters 25.9%, FIIs 32.5%, DIIs 28.8%, Public 12.8%.Mar '25: Promoters 25.9%, FIIs 32.6%, DIIs 29.1%, Public 12.3%.Jun '25: Promoters 25.9%, FIIs 32.3%, DIIs 29.6%, Public 12.2%.Sep '25: Promoters 25.9%, FIIs 29.8%, DIIs 32.0%, Public 12.3%.Dec '25: Promoters 25.9%, FIIs 29.4%, DIIs 32.9%, Public 11.9%.Mar '26: Promoters 25.9%, FIIs 26.4%, DIIs 36.2%, Public 11.5%.Jun '26: Promoters 25.9%, FIIs 25.2%, DIIs 37.7%, Public 11.2%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Kotak Mahindra Bank Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Uday Suresh Kotak 25.69%unchanged
Life Insurance Corporation Of India Insurer6.90%+0.40 pp
SBI Mutual Fund Mutual fund6.42%+0.41 pp
HDFC Mutual Fund Mutual fund3.51%unchanged
ICICI Prudential Mutual Fund Mutual fund2.96%+0.84 pp
National Pension System Trust Pension / PF2.29%+0.16 pp
UTI Mutual Fund Mutual fund2.00%+0.05 pp
Parag Parikh Mutual Fund Mutual fund1.66%+0.13 pp
Nippon Life Mutual Fund Mutual fund1.45%newly disclosed
Government Pension Fund Global Sovereign1.32%−0.08 pp
SBI Life Insurance Co. Ltd Insurer1.05%unchanged
Indira Suresh Kotak 0.10%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in KOTAKBANK

Filings to Aug 2026

1 new, 22 added, 13 trimmed, 0 sold out — net +193.59 L shares (+1.8%).

Held by funds
₹44.2k Cr
73 schemes
Biggest holder
SBI Nifty 50 ETF
₹6.0k Cr · 2.8% of that fund
SchemeHoldingLast month
SBI Nifty 50 ETF SBI Mutual Fund₹6.0k Cr+7.51 L
SBI BSE Sensex ETF SBI Mutual Fund₹4.1k Cr+9.76 L
HDFC Flexi Cap Fund HDFC Mutual Fund₹3.5k Crheld
SBI Aggressive Hybrid Fund SBI Mutual Fund₹2.9k Crheld
SBI Focused Fund SBI Mutual Fund₹2.9k Crheld
SBI ELSS Tax Saver Fund SBI Mutual Fund₹2.1k Cr+50.00 L
HDFC Large Cap Fund HDFC Mutual Fund₹2.1k Crheld
SBI Large Cap Fund SBI Mutual Fund₹2.0k Cr+100.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

22 added, 13 trimmed — net +1.94 cr shares (+1.8%)

Funds are sitting on
+8%
vs est. average cost
Held by funds
₹44.2k Cr
73 schemes · ≈ 11% of the company
Biggest holder
SBI Nifty 50 ETF
₹6.0k Cr · 2.8% of that fund
Longest holder
Nippon India Index Fund - Nifty 50 Plan
14y · since Sep '12

Shares held by these funds +162%

Aug '23 105.69 cr shares Jul '26

All earnings calls (8)

Read the Q1 FY27 call →

Learn to analyse Kotak Mahindra Bank Limited

Guides on how to read this kind of business and the numbers that matter.