Kotak Mahindra Bank Ltd Share Price – NSE /  BSE

Banks, Mid Cap

Kotak Mahindra Bank Ltd is up for a third straight session today. The stock is quoting at Rs 390.75, up 1.97% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.4% on the day, quoting at 23783.6. The Sensex is at 75701.49, up 0.4%. Kotak Mahindra Bank Ltd has gained around 3.06% in last one month.

Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has gained around 3.38% in last one month and is currently quoting at 54128.95, up 0.12% on the day. The volume in the stock stood at 109.48 lakh shares today, compared to the daily average of 200.31 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 390.8, up 1.88% on the day. Kotak Mahindra Bank Ltd is down 7.33% in last one year as compared to a 4.94% slide in NIFTY and a 2.1% slide in the Nifty Bank index.

The PE of the stock is 27.21 based on TTM earnings ending March 26.

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Despite the revision, the foreign broker maintained a buy rating on the stock with a revised target price of Rs 473 down from 511, an upside of 23.2% from current levels. The brokerage noted that Q4 growth stood at 4.1% QoQ, supported by better NIMs and loan growth, with advances expanding at over 16% YoY. Asset quality improved, aided by lower slippages and reduced credit costs. However, the brokerage cut its target valuation multiple to 2x from 2.3x. The revised valuation is based on a sum-of-the-parts approach.

The bank reported a 13.37% jump in standalone net profit to Rs 4,026.55 crore on 3.46% increase in total income to Rs 17,291.10 crore in Q4 FY26 over Q4 FY25.

Profit before provisions and contingencies rose 7% YoY to Rs 5,855.17 core in the quarter ended 31st March 2026. Provisions for Q4 FY26 decreased to Rs 516 crore, down 43% from Rs 909 crore in Q4 FY25

Net interest income (NII) increased to Rs 7,876 crore in Q4FY26, up 8% from Rs 7,284 crore in Q4 FY25. Net interest margin (NIM) contracted to 4.67% in Q4 FY26 as against 4.97% in Q4 FY25.

Total period-end deposits grew to Rs 5,72,456 crore for Q4 FY26, up 15% from Rs 4,99,055 crore for Q4 FY25. Net Advances increased 16% to Rs 4,96,009 crore as at 31st March 2026 from Rs 4,26,909 crore as at 31st March 2025.

CASA ratio stood at 43.3% as at 31st March 2026, compared with 43.0% as at March 31, 2025.

Asset quality continued to improve, with gross non-performing assets (GNPA) declining to 1.20% as on 31st March 2026, from 1.42% as on 31st March 2025 and net non-performing assets (NNPA) was 0.25% as on 31st March 2026 compared with 0.31% as of 31st March 2025. As at 31st March 2026, Provision Coverage Ratio stood at 79%.

The bank?s capital adequacy ratio under Basel III norms stood at 22.40% as of 31st March 2026, while the CET1 ratio was 21.3%.

On full year basis, the company?s standalone net profit climbed 14.85% to Rs 14,007.70 crore on 4.43% rise in total income to Rs 67,187.26 crore in FY26 over FY25.

Meanwhile, the bank?s board recommended a dividend of Rs 0.65 per equity share of the face value of Re 1 each, out of the net profits for the financial year ended March 31, 2026.

Kotak Mahindra Bank is the flagship company of the Kotak Group and has diversified operations covering commercial vehicle financing, consumer loans, corporate finance, and asset reconstruction. Through its subsidiaries, the bank is engaged in investment banking, equity broking, securities-based lending, and car finance.

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Kotak Mahindra Bank announced that the Board of Directors of the Company at its meeting held on 02 May 2026, has recommended a Final Dividend of Rs.0.65 per share (i.e.65%), subject to the approval of the shareholders.

Net profit of Kotak Mahindra Bank rose 9.94% to Rs 5423.15 crore in the quarter ended March 2026 as against Rs 4932.76 crore during the previous quarter ended March 2025. Total Operating Income rose 6.29% to Rs 17827.36 crore in the quarter ended March 2026 as against Rs 16771.93 crore during the previous quarter ended March 2025.

For the full year,net profit declined 12.83% to Rs 19287.89 crore in the year ended March 2026 as against Rs 22125.99 crore during the previous year ended March 2025. Total Operating Income rose 6.26% to Rs 69781.21 crore in the year ended March 2026 as against Rs 65668.83 crore during the previous year ended March 2025.

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