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HomeNewsBusinessCompaniesBank of Maharashtra's net profit jumps 44% to Rs 1,327 cr in Q2FY25; shares fall

Bank of Maharashtra's net profit jumps 44% to Rs 1,327 cr in Q2FY25; shares fall

The bank’s net profit stood at Rs 1,293.68 crore in the first quarter of the current financial year

October 15, 2024 / 13:36 IST
The bank’s net interest income reported a 15 percent jump y-o-y at Rs Rs 2,806.8 crore over Rs 2,432 crore posted in the same period of the previous financial year.
     
     
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    Bank of Maharashtra on October 15 reported a 44.28 percent jump in consolidated net profit at Rs 1,327.08 crore in the second quarter of FY25, compared to Rs 919.75 crore in the year-ago period, a stock exchange filing showed.

    The bank’s net profit stood at Rs 1,293.68 crore in the first quarter of the current financial year.

    Following the announcement of the quarterly result, the shares of the lender was trading at Rs 53.96, down 44 percent at 13:24 pm on NSE.

    The bank’s net interest income reported a 15 percent jump y-o-y at Rs Rs 2,806.8 crore over Rs 2,432 crore posted in the same period of the previous financial year.

    The asset quality of the bank remained unchanged sequentially as the gross non-performing asset (NPA) stood at 1.84 percent in the reported quarter compared to 1.85 percent in the last quarter.

    The net NPA was at 0.2 percent in the September quarter, unchanged from the June quarter, the filing showed.

    Moneycontrol News
    first published: Oct 15, 2024 01:29 pm

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