Bank of Maharashtra on April 25 reported a standalone net profit of Rs 1,493.08 crore for the fourth quarter of FY25, marking a 22.6 percent rise from Rs 1,217.67 crore in the same quarter last year.
The growth was supported by strong interest income, controlled expenses, and lower provisioning requirements, according to the company’s investor presentation.
For the full year FY25, Bank of Maharashtra's net profit rose 36 percent to Rs 5,519.79 crore from Rs 4,055.03 crore in FY24.
Total income for the quarter increased to Rs 7,711.44 crore from Rs 6,488.25 crore a year ago, while full-year income rose to Rs 28,401.62 crore from Rs 23,492.56 crore.
Interest earned during Q4 stood at Rs 6,730.78 crore. Operating profit rose to Rs 2,519.74 crore in the quarter, compared to Rs 2,209.62 crore in Q4 FY24.
For the full year, operating profit increased to Rs 9,319.03 crore from Rs 8,005.34 crore in the previous year.
Total expenditure (excluding provisions) was Rs 5,191.70 crore during the quarter and Rs 19,082.59 crore for the year. Of this, employee costs accounted for Rs 3,442.23 crore, while other operating expenses stood at Rs 2,358.48 crore in FY25.
Provisions (excluding taxes) for the March quarter stood at Rs 983.25 crore, marginally up from Rs 942.30 crore a year ago. For the full year, provisions declined slightly to Rs 3,596.55 crore from Rs 3,645.87 crore in FY24.
Provisioning for non-performing assets rose to Rs 2,417.32 crore in FY25 from Rs 2,174.27 crore the previous year.
In terms of asset quality, the gross non-performing asset (GNPA) ratio improved to 1.74 percent as of March 31, 2025, from 1.88 percent a year ago and 1.80 percent in the preceding quarter.
The net NPA ratio declined to 0.18 percent from 0.20 percent both a year ago and in the previous quarter.
On the capital front, the bank reported a capital adequacy ratio (CRAR) of 20.53 percent, up from 17.38 percent in FY24. The common equity tier 1 ratio improved to 15.83 percent from 12.50 percent, while additional tier 1 capital stood at 1.03 percent.
The bank’s net worth rose to Rs 25,880.52 crore from Rs 17,177.58 crore a year earlier.
Return on assets (non-annualised) improved to 1.75 percent for the year, up from 1.50 percent in FY24.
Net profit margin stood at 19.43 percent, while operating margin was 32.81 percent.
The board has proposed a final dividend of 15 percent, or Rs 1.50 per share, subject to shareholder approval.
As of March 31, 2025, total deposits stood at Rs 3,07,142.60 crore, up from Rs 2,70,747.17 crore a year earlier. Advances rose to Rs 2,36,083.80 crore from Rs 2,00,239.88 crore in the same period.
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