Kotak Mahindra Bank stock falls 1.94 percent on NSE

Kotak Mahindra Bank stock (INR 405.25, NSE) fell 1.94 percent on September 24, 2026, leaving the share price 10.58 percent below its 52-week high of INR 453.20. The move came as a same-day market report placed Kotak Mahindra Bank among the session's top losers, according to Equitymaster.

Q1 profit rises 22.54 percent

The latest operating picture is stronger than the daily share performance. In Q1 FY27, Kotak Mahindra Bank reported revenue of INR 18,355 crore, up 6.42 percent from INR 17,248 crore in Q1 FY26, while net profit reached INR 5,480 crore.

Univest reports that the Q1 FY27 profit was 22.54 percent above the INR 4,472 crore level of Q1 FY26. That comparison matters because the earnings advance outpaced revenue growth, pointing to improved conversion of income into profit during the quarter.

Margins and asset quality matter

Standalone net interest income increased to INR 7,928 crore from INR 7,259 crore in Q1 FY26, according to Univest. The same Q1 comparison showed a net interest margin of 4.53 percent versus 4.65 percent a year earlier, while gross nonperforming assets improved to 1.18 percent from 1.48 percent.

For investors, the combination is mixed in a precise way: profit growth and lower gross nonperforming assets support the fundamental case, but the 12-basis-point decline in net interest margin shows why balance-sheet growth alone is not enough. The stock's position within its yearly range makes that operating detail more important than a single session move.

Stock remains below yearly high

Kotak Mahindra Bank stock stood at INR 405.25 on NSE on September 24, 2026, with a 52-week range of INR 345.50 to INR 453.20. Its market capitalization was INR 4.0308 trillion on the same date, giving the bank a large-cap position within India's financial-services market.