Bank of Maharashtra has reported a 23.09 percent on-year rise in net profit at Rs 1,633 crore during the September quarter, with Net Interest Income (NII) up 15.71 percent on-year to Rs 3,248 crore, an exchange filing said on October 13.
Shares of the lender were sharply lower by over 3 percent after the quarterly results were announced.
Operating Profit saw a growth of 16.91 percent on-year to Rs 2,574 crore for Q2FY26 as against Rs 2,202 crore for Q2FY25. Net Revenue or Net Interest Income plus Other Income for Q2FY26 improved by 13.73 percent to Rs 4,093 crore for Q2FY26. The Cost to Income Ratio for Bank of Maharashtra improved to 37.10 percent for Q2FY26 as against 38.81 percent for Q2FY25.
Return on Assets (RoA) improved to 1.82 percent for Q2FY26 against 1.74 percent for Q2FY24 and 1.80 percent for Q1FY25. Return on Equity (RoE) stood at 22.58 percent for Q2FY26 against 26.01 percent for Q2FY25.
Total Business grew by 14.20 percent year-on-year to Rs 5,63,909 crore. Total Deposits increased by 12.13 percent year-on-year to Rs 3,09,791 crore.
Gross Advances grew by 16.83 percent on year-on-year to Rs 2,54,118 crore. RAM (Retail, Agri. & MSME) Business grew by 16.94 percent YoY and Retail advances, has grown by 37.45 percent YoY.
Gross NPA declined to 1.72 percent as on September 30, 2025, as against 1.84 percent as on September 30, 2024, and 1.74 percent as on June 30, 2025.
Net NPA declined to 0.18 percent as on September 30, 2025, as against 0.20 percent as on September 30, 2024, and 0.18 percent as on June 30, 2025.
Provision Coverage ratio stood at 98.34 percent as on September 30, 2025 as against 98.36 percent as on September 30, 2024, and 98.36 percent as on June 30, 2025.
Total Basel III Capital adequacy ratio improved to 18.13 percent with Common Equity Tier 1(CET1) ratio of 14.05 percent.
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