Bank of Maharashtra on January 15 reported 36% y-o-y rise in its consolidated net profit at Rs 1,406.73 crore in the third quarter of FY25. On an annual basis, the bank's total income rose 22% to Rs 7,112.66 crore.
After the announcement, Bank of Maharashtra shares closed 3% lower at Rs 51.14 apiece on January 15. The shares have so far dropped around 25.6% in the last six months.
Bank of Maharashtra's percentage of net non-performing assets (NPA) in Q3 remained unchanged since the previous quarter (Q2) at 0.2%. This, however, is lower than the 0.22% net NPA reported in Q3 of the last financial year (FY24). The percentage of gross NPA, however, has seen a decline from 2.04% in Q3 FY 24 to 1.80% in Q3 FY 25.
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Notably, the bank saw a decline in the percentage of shares held by the government during the quarter. The government of India held 79.6% shares in the bank in Q3 of FY25, down from 86.46% in Q3 of FY24.
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