KOTAKBANK · Regional Banks · INE237A01036
Analyst mean 1.95 · 38 analysts · 18% bullishWhat the numbers mean when read together — computed from the filings, not a score.
Operating cash flow is 206% of trailing profit — the earnings are converting to cash, not just accruals.
Last operating cash flow ₹41,727 cr against trailing net profit ₹20,295 cr. A ratio at or above ~0.9 means reported profit is showing up as real cash.
Both revenue and profit grew over the last year (5.7% and 6%) — growth is translating to the bottom line.
Trailing revenue ₹70,888 cr, trailing profit ₹20,295 cr. Profit growing at least as fast as revenue indicates operating leverage or pricing power.
Net margin improved from 25.9% to 29.9% year-on-year — the business is keeping more of each rupee.
Quarter net margin 29.9% vs 25.9% four quarters earlier. Expansion from operating leverage is healthy; verify it is not a one-off gain.
Free cash flow swings between positive and negative across the cycle.
Latest ₹40,690 cr, negative in 2 of 12 years.
Other income is 147% of pre-tax profit — a large share of the profit comes from outside the core operating business.
Trailing other income ₹40,409 cr against pre-tax profit ₹27,448 cr. High other-income dependence means the headline profit is flattered by treasury, one-offs, or non-operating items rather than the core business.
Markers show corporate actions (splits, bonus, dividends). Prices are split-adjusted so the series is continuous.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16,427 | 16,633 | 16,772 | 17,248 | 17,199 | 17,507 | 17,827 | 18,355 |
| Expenses | 13,094 | 10,596 | 13,666 | 13,123 | 11,606 | 13,933 | 13,656 | 14,857 |
| Other Income | 10,453 | 7,313 | 10,402 | 9,456 | 7,703 | 10,344 | 10,648 | 11,714 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 6,647 | 6,180 | 6,351 | 6,053 | 5,963 | 6,533 | 7,443 | 7,509 |
| Net Profit | 5,044 | 4,701 | 4,933 | 4,472 | 4,468 | 4,924 | 5,423 | 5,480 |
| EPS | 5.07 | 4.73 | 4.96 | 4.50 | 4.49 | 4.95 | 5.45 | 5.51 |
| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 991 | 992 | 993 | 994 | 994 | 995 |
| Reserves | 83,348 | 95,673 | 110,821 | 128,978 | 156,495 | 180,231 |
| Borrowings | — | — | — | — | — | — |
| Fixed Assets | 2,554 | 2,723 | 3,075 | 3,510 | 3,759 | 3,801 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 156,946 | 164,529 | 195,338 | 246,446 | 284,255 | 290,633 |
| Total Assets | 478,854 | 546,498 | 620,430 | 767,667 | 879,814 | 1,003,353 |