Kotak Mahindra Bank Limited · NSE:KOTAKBANK
Kotak Mahindra Bank — Q2 FY26 Earnings Presentation
28 slides from Kotak Mahindra Bank's earnings presentation, Oct 25, 2025
Slide 1: Exchange filing cover letter
October 25, 2025 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (East), Mumbai 400 001 Mumbai 400 051 BSE Scrip 500247, 958687, 974396, NSE KOTAKBANK,
Slide 2: Transforming for scale
Transforming for scale Investor Presentation Q2FY26 Presentation on financial results for the Period ended 30th September, 2025 25th October, 2025
Slide 3: Consolidated Highlights
Consolidated Highlights Q2FY26 PAT ₹ 4,468 cr -11% ROA 1.97% ROE 10.65% Q2FY25 ₹ 5,044 cr 2.53% 13.88% As at Customer Assets* CAR CET-I Book Value / Share Consolidated AUM Sep’25 ₹ 760,598 cr 12% ₹ 576,339 cr 13% 22.8% 21.8% ₹ 844 14% Sep’24 ₹ 680,838 cr ₹ 510,598 cr 22.6% 21.7% ₹ 740 2 CAR and CET-
Slide 4: Kotak Group PAT – Q2FY26
Kotak Group PAT – Q2FY26 ₹ cr Q2FY26 Q2FY25 Q1FY26 YoY PAT Contribution Kotak Mahindra Bank 3,253 3,344 3,282 (3%) Kotak Mahindra Prime 246 269 272 (8%) Q2FY26 Kotak Mahindra Investments 120 141 107 (15%) Kotak Infrastructure Debt Fund 16 16 14 - Q2FY25 BSS Microfinance# (22) 16 (17) - Sonata Financ
Slide 5: Kotak Group PAT – H1FY26
Kotak Group PAT – H1FY26 ₹ cr H1FY26 H1FY25 YoY FY25 PAT Contribution Kotak Mahindra Bank 6,535 6,864 (5%) 13,720 Kotak Mahindra Prime 518 501 4% 1,015 Kotak Mahindra Investments 227 279 (19%) 501 H1FY26 Kotak Infrastructure Debt Fund 30 27 10% 53 BSS Microfinance# (38) 66 - (74) H1FY25^ Sonata Fina
Slide 6: Kotak Group Networth & ROE
Kotak Group Networth & ROE ₹ cr PAT Q2FY26 Networth Sep’25 ROE CET-I Networth NetworthContribution Contribution Kotak Mahindra Bank 3,253 125,157 20.9% Kotak Mahindra Prime 246 10,687 22.8% Kotak Mahindra Investments 120 4,064 36.2% Kotak Infrastructure Debt Fund 16 603 44.3% 84% BSS Microfinance# (
Slide 7: Kotak Group Assets Under Management
Kotak Group Assets Under Management Total: ₹ 760,598 cr 12% Total: ₹ 680,838 cr Domestic MF Equity Domestic MF Equity 319,161 362,694 Domestic MF Debt Domestic MF Debt 196,886 162,679 30th Sep, 30th Sep, 2025 2024 NPS & PMS Offshore Funds NPS & PMS Offshore Funds^ 10,142 58,030 13,203 51,600 Alterna
Slide 8: Bank Highlights
Bank Highlights Q2FY26 PAT ₹ 3,253 cr -3% NIM 4.54% ROA 1.88% Cost / Income 46.8% Q2FY25 ₹ 3,344 cr 4.91% 2.17% 47.5% As at Customer Assets* Deposits CAR CET-I Sep’25 ₹ 509,399 cr 13% ₹ 528, 776 cr 15% Net NPA 0.32% CASA Ratio 42.3% 22.1% 20.9% Sep’24 ₹ 450,064 cr ₹ 461,454 cr 0.43% 43.6% 22.6% 21.5
Slide 9: Profit and Loss Statement – Q2FY26
Profit and Loss Statement – Q2FY26 ₹ cr Q2FY26 Q2FY25 Q1FY26 YoY Notes Net Interest Income 7,311 7,020 7,259 4% Q1FY26: “Other Income - Others” includes dividend income Other Income 2,589 2,684 3,080 (4%) 2,415 2,312 2,249 4% from subsidiaries: ₹ 449 cr Fee and Services (128) 91 195 - Q2FY26: Prov.
Slide 10: Profit and Loss Statement – H1FY26
Profit and Loss Statement – H1FY26 ₹ cr H1FY26 H1FY25 YoY FY25 Net Interest Income 14,570 13,862 5% 28,342 Other Income 5,669 5,613 1% 11,418 Fees & Services Fee and Services 4,664 4,552 2% 9,530 ₹ cr H1FY26 H1FY25 FY25 Trading and MTM income* 67 196 (66%) 253 Distribution 806 695 1,782 Others 938 8
Slide 11: Balance Sheet
Balance Sheet ₹ cr 30-Sep-25 30-Sep-24 30-Jun-25 ₹ cr 30-Sep-25 30-Sep-24 30-Jun-25 Capital & Reserves and Surplus 125,157 110,646 123,428 Cash, Bank and Call 49,792 32,588 43,080 Deposits 528,776 461,454 512,838 Investments 172,994 175,532 182,292 of which, CASA 223,791 201,275 209,645 Net Advances
Slide 12: Deposits
Deposits CASA (₹ cr) Averages Q2FY26 YoY % Q2FY25 CASA % 42.3% 43.6% 40.9% Total Deposits 510,538 14% 446,110 13,384 20,281 13,288 120,520 114,657 Current Account 70,220 14% 61,853 109,695 Fixed rate Savings 113,894 8% 105,584 Account 89,887 71,299 81,700 Floating rate -27% 14,135 19,239 Savings Acc
Slide 13: Customer Assets
Customer Assets ₹ cr 30-Sep-25 30-Sep-24 30-Jun-25 YoY QoQ Advance Mix Home Loans & LAP 137,893 116,715 131,541 18% 5% Business Banking Assets 47,825 40,002 44,469 20% 8% 2% PL, BL and Consumer 24,272 20,868 24,368 16% - Consumer Durables Credit Cards 12,444 14,446 12,924 (14%) (4%) 31% Commercial O
Slide 14: Asset Quality
Asset Quality ₹ cr Q2FY26 Q2FY25 Q1FY26 ₹ cr 30-Sep-25 30-Sep-24 30-Jun-25 Opening GNPA 6,638 5,477 6,134 GNPA (%) 1.39% 1.49% 1.48% Fresh Slippages 1,629 1,875 1,812 NNPA (%) 0.32% 0.43% 0.34% Upgradations & Recoveries 688 681 549 PCR (%) 77% 71% 77% Write-offs 1,099 638 759 GNPA 6,480 6,033 6,638
Slide 15: Bank’s Financial Health Indicators
Bank’s Financial Health Indicators Particulars Q2FY26 Q2FY25 Q1FY26 NIM 4.54% 4.91% 4.65% Cost of Funds 4.70% 5.15% 5.01% Profitability Return on Equity 10.38% 12.23% 10.94% Return on Assets 1.88% 2.17% 1.94% Cost to Income 46.8% 47.5% 46.2% Efficiency Cost to Assets 2.67% 2.99% 2.83% CD Ratio 87.5%
Slide 16: Kotak Mahindra Prime
Kotak Mahindra Prime Customer assets^ (₹ cr) ₹ cr Q2FY26 Q2FY25 Q1FY26 FY25 NII 575 520 568 2,133 42,274 41,469 Other Income 148 209 177 686 37,589 NII and Other Income 723 729 745 2,819 34,415 34,146 Profit Before Tax 328 359 363 1,357 32,118 Profit After Tax 246 269 272 1,015 NNPA (%) 1.2% 0.9% 1.
Slide 17: Kotak Securities
Kotak Securities ₹ cr Q2FY26 Q2FY25 Q1FY26 FY25 KS Cash ADV (₹ cr) Total Income 1,299 1,380 1,446 5,348 Profit After Tax^ 345 444 465 1,640 Cash Market Share* (%) 9.6 9.3 10.1 9.4 8,354 7,662 7,320 Derivative Market Share* (%) 15.1 13.0 14.3 12.9 6,429 Overall Market Share*(%) 13.1 11.6 12.8 11.6 Q2
Slide 18: Kotak Mahindra AMC & Trustee Co.
Kotak Mahindra AMC & Trustee Co. Average Assets Under Management (₹ cr) – Overall ₹ cr Q2FY26 Q2FY25 Q1FY26 FY25 Profit After Tax* 258 197 326 977 *PAT includes: 567,001 • Unrealized gains (post tax) due to alignment of valuation of investment 525,829 portfolio as per RBI’s Master Direction: 473,634
Slide 19: Kotak Mahindra Life Insurance
Kotak Mahindra Life Insurance Gross written premium (₹ cr) ₹ cr Q2FY26 Q2FY25 Q1FY26 FY25 4,430 3,987 2,861 18,376 Capital and Reserves & 6,486 6,166 6,437 6,403 Surplus 2,253 1,997 1,344 9,832 Total Premium 4,430 3,987 2,861 18,376 1,137 955 965 4,450 PAT(Shareholders’) 49 360 327 769 365 445 1,232
Slide 20: Building on the Power of a Diversified Financial Conglomerate
Building on the Power of a Diversified Financial Conglomerate Four Engines of growth that enables us to meet Our conglomerate structure helps retain profitability customer needs across the financial spectrum within the group by capturing shifting financial trends through cycles Consolidated PAT con
Slide 21: Focus Customer Segments are Served through Curated Propositions
Focus Customer Segments are Served through Curated Propositions Core India Customer High Networth Customers SME Customer Institutional Customer Kotak811 is a proposition: Curated comprehensive A relationship centric A full-scale Corporate and • Focused on serving Core propositions for High Networth
Slide 22: Rendering Digital Experiences for our Chosen Customer Segments
Rendering Digital Experiences for our Chosen Customer Segments Affluent, NR and Core India Corporate and Investors (for Trading Self Employed (a Billion Indians) SME and Investment needs) 4.7 4.6 4.8 4.7 4.7 4.4 Kotak Bank App Kotak811 Kotak fyn Kotak Neo An App tailored for a diverse set Full-stack
Slide 23: Geographical Presence
Geographical Presence Group Branches distributed across various geographies Bank Branch Classification Bank Branch Distribution (No. | %) (No. | % ) Network in India Branches Metro 1,010 | 46% North 704 | 32% Urban 478 | 22% East 185 | 8% Kotak Bank 2,198 Semi Urban 324 | 15% West 673 | 31% Rural 38
Slide 24: Creating Value for our Stakeholders
Creating Value for our Stakeholders Customers: The Heart of Our Business Getting it right by our customers by understanding their needs and stitching together relevant product propositions drawn from capabilities across the Group companies will help us become primary Banking relationship for our Cus
Slide 25: Annexure
Annexure 24
Slide 26: Kotak - A Diversified Financial Conglomerate
Kotak - A Diversified Financial Conglomerate All subsidiaries are 100% beneficially owned by the Bank Kotak Mahindra Bank Kotak Securities Bank Capital Stock Broking Kotak Mahindra Capital Company Kotak Mahindra Prime Market Investment Banking Car and Two-Wheeler Loans Banking & Kotak Mahindra Trust
Slide 27: Customer Segments are Served Through Diversified Products
Customer Segments are Served Through Diversified Products Consumer Banking Commercial Banking •Branch Banking • Small Business Loans •Agriculture Finance •Tractor Finance •Priority Banking • Working Capital •Commercial Vehicles •Microcredit •Kotak811 • NRI Banking •Construction Equipment •Gold Loans
Slide 28: Disclaimer
Disclaimer Equity This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Kotak Mahindra Bank Limited (the “Bank”) and no part of it shall form the basis of or be relied upon in connect