Kotak Mahindra Bank reported a standalone net profit of ₹3,253 crore for the quarter ended September 30, down 2.7% year-on-year from ₹3,344 crore in Q2 FY25. Consolidated net profit, which includes subsidiaries, stood at ₹4,468 crore, compared with ₹5,044 crore a year earlier.

The bank’s net interest income increased 4% YoY to ₹7,311 crore from ₹7,020 crore in Q2 FY25, while the net interest margin remained at 4.54%.

Operating profit rose 3% YoY to ₹5,268 crore.

Provisions during the quarter were ₹947 crore, higher than ₹660 crore in the same quarter last year but lower than ₹1,208 crore in the preceding quarter.

Asset quality improved, with gross non-performing assets at ₹6,480 crore, down from ₹6,638 crore in Q1 FY26.

Net NPA declined to ₹1,491 crore from ₹1,531 crore sequentially.

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