Kotak Mahindra Bank Q2 results: Consolidated PAT rises 26% YoY to Rs 5,645 crore; NII up 16%
Kotak Mahindra Bank moved higher in a quarterly results development.
· Economic Times Markets, ET Stocks, BS Companies
Kotak Mahindra Bank has announced an impressive 26% year-on-year increase in consolidated profit after tax for the second quarter, highlighting strong financial performance. Their standalone profit after tax surged by 29% compared to last year’s figures. Additionally, net interest income saw a rise of 16% year-on-year, hitting Rs 8,459 crore.
The analysis
Kotak Mahindra Bank reported Rs 5,645 crore, Rs 8,459 crore and Rs 6,99,250 crore, with movement of 26%, 16% and 29% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.6% on the day at ₹461.60, and has returned +18.5% over three months. It is trading close to its 52-week high, so expectations were already elevated going in. The banks sector has moved -6.0% over the same period, so Kotak Mahindra Bank is running 24.5 points ahead of its peers.
For Kotak Mahindra Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Kotak Mahindra Bank (KOTAKBANK), in Banks.
- Over three months: Kotak Mahindra Bank +18.5% against Banks -6.0% (24.5 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Kotak Mahindra BankKOTAKBANK · Banks | ₹461.60 | +0.6% | +10.7% | +18.5% | 0.0% | 0.9× | — |
Banks
1M -3.4% · 3M -6.0%
Kotak Mahindra Bank
Financial Services
1M -8.8% · 3M -14.9%
Capital Goods & Engineering
1M -10.9% · 3M -5.3%
Capital Markets
1M -2.9% · 3M -6.3%
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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