Kotak Mahindra Bank Limited (500247) Earnings Call Transcripts

Kotak Mahindra Bank Limited's Latest Earnings Call - Q4 FY2026

Kotak Mahindra Bank Limited reported its Q4 FY '26 earnings, highlighting a 13% year-on-year increase in profit after tax (PAT) for the bank and 6% on a consolidated basis. The bank's net interest margin (NIM) stood at 4.67%, while credit costs improved significantly to 39 basis points. Revenue growth was driven by a 16.2% increase in average net advances and a 14.9% rise in average deposits. Management maintained a cautious outlook due to geopolitical tensions and potential monsoon impacts, but noted strong performance in core business segments. No changes to guidance were explicitly mentioned.

Reported metrics

Guidance from management

Management did not explicitly change guidance but indicated a cautious outlook due to geopolitical tensions and potential monsoon impacts. NIM is expected to face gradual pressure due to increased term deposit rates.

What management said

Let me take the ECL question. I think, yes, finally, the ECL guidelines are out, and I think it's more or less same as the draft version. So based on the computation, which we had done on the draft ECL guideline on 31st December, the impact of the ECL on the net worth is about less than 2%. It's not material. And given our capital position, we don't expect on an ongoing basis as well the impact to be material on the ...

We do not give the yields on the corporate book, but we don't really have any significant credit cost. Yes, I'm talking about corporate SME. There is very, very low -- I would say, very, very small amount part of the book is in our SME category. And we have actually been recovering money from some of the old cases. So I would say, as of now, the book is absolutely clean.

What analysts pressed on

Analysts questioned the outlook on NIM given the increase in term deposit rates and the potential impact on margins. Concerns were also raised about the slower growth in corporate lending compared to peers and the implications of geopolitical tensions on credit quality.

Main topics on the call

• Macroeconomic Environment — Management highlighted geopolitical tensions, including the West Asia crisis, affecting supply chains and oil prices. Despite these challenges, India's ForEx reserves remain strong, and there is no sign of credit stress ...
• Core Business Growth — The bank reported a 16.2% YoY growth in average net advances and a 14.9% increase in average deposits, aligning with its strategy to grow advances at 1.5 to 2x nominal GDP growth. "Our discipline was reflected in the Q4 ...
• Asset Quality Improvement — Credit costs improved to 39 basis points from 63 basis points in the previous quarter, with gross NPA reducing to 1.2%. "We improved all parameters across during Q4 with lower slippage," stated CFO Devang Gheewalla.
• Retail and SME Segment Performance — The SME and mortgage businesses grew over 18% YoY, while unsecured retail portfolio growth was stable. The CASA ratio improved to 43.3%. "Our retail strategy is anchored around 2 focus segments: the HNI affluent and the ...

Read the full Kotak Mahindra Bank Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 Kotak Mahindra Bank Limited earnings call transcripts on record, spanning January 20, 2020 to July 18, 2026. Based on this history, Kotak Mahindra Bank Limited reports quarterly. The most recent call on file is dated July 18, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

500247

Exchange

BSE

Country

IN

Sector

Financials

Industry

Banks

Calls on record

26

First call

January 20, 2020

Most recent

July 18, 2026

Reporting cadence

quarterly