Kotak Mahindra Bank share price rose as much as 2% on Monday, ranking among the top gainers on the Nifty 50, after the private lender posted robust earnings growth in the second quarter of the financial year.
Kotak Mahindra Bank shares opened at ₹440.90 per share today, as compared to previous close of ₹430.50 on Friday last week and touched an intraday high of ₹446.30 on 26 October.
Kotak Mahindra Bank reported a 26% year-on-year (YoY) increase in consolidated profit after tax (PAT) to ₹5,645 crore in Q2 FY27, compared with ₹4,468 crore in the corresponding quarter of the previous fiscal. On a quarter-on-quarter (QoQ) basis, consolidated PAT rose 3% from ₹5,480 crore in Q1 FY27.
On a standalone basis, the private sector lender's PAT grew 29% YoY to ₹4,212 crore in Q2 FY27, up from ₹3,253 crore in Q2 FY26. Sequentially, standalone profit increased 2% from ₹4,123 crore in the preceding quarter. Net interest income (NII) rose 16% YoY to ₹8,459 crore from ₹7,311 crore in the year-ago quarter. Compared with Q1 FY27, NII increased 7% from ₹7,928 crore, according to the bank's exchange filing.
As of September 30, 2026, Kotak Mahindra Bank's consolidated customer assets, including advances (comprising IBPC and BRDS) and credit substitutes, stood at ₹6,99,250 crore, marking a 21% increase from ₹5,76,339 crore a year earlier. Consolidated customer assets under management (AUM) grew 8% YoY to ₹8,14,118 crore from ₹7,56,964 crore as of September 30, 2025. Meanwhile, total domestic mutual fund AUM increased 10% YoY to ₹6,15,679 crore.