Bank of Maharashtra Q3 result: PAT rises 26.5% to Rs 1,779.33 crore

Bank of Maharashtra

Bank of Maharashtra on January 13 reported a 26.5 percent year-on-year rise in profit after tax (PAT) at Rs 1,779.33 crore for the December quarter.

The lender reported a PAT of Rs 1406.45 crore in the year-ago period. Sequentially, the net profit was up 8.9 percent.

Other income surged 18.41 percent to Rs 932.86 crore.

Net Interest Income (NII) grew by 16.27 percent year-on-year basis to Rs 3,422 crore in Q3FY26 as against Rs 2,943 crore for Q3FY25.

Assets & Liabilities

Total Business grew by 17.24 percent on year-on-year basis to Rs 5,95,163 crore.

Total Deposits increased by 15.29 percent year-on-year basis to Rs 3,21,661 crore.

Global Advances grew by 19.62 percent YoY to Rs 2,73,502 crore. RAM (Retail, Agri. & MSME) Business grew by 20.26 percent YoY, and Retail advances, has grown by 36.40 percent YoY.

Total Basel III Capital adequacy ratio stood at 17.06 percent with Common Equity Tier 1(CET1) ratio of 13.10 percent.

Asset quality

The bank reported an improvement in asset quality. Its gross non-performing asset (NPA) ratio improved to 1.6 percent from 1.72 percent in the previous quarter and 1.8 percent in the year-ago period.

Net NPA ratio also improved to 0.15 percent from 0.18 percent in the previous quarter and 0.20 percent last year

In absolute terms, gross NPAs stood at Rs 4,387.79 crore, against Rs 4372.06 crore in Q2 and Rs 4,124.30 crore in the previous year.

For the quarter, net NPA stood at Rs 412.29 crore, down from Rs 442.08 crore in the previous quarter and Rs 442.77 crore in the previous year.

Provision Coverage ratio improved to 98.41 percent as on December 31, 2025 as against 98.28 percent as on December 31, 2024. The same was 98.34 percent as on September 30, 2025.

Bank holds cumulative Covid-19 provision of Rs 1200 crore as on December 31, 2025.