Bank of Maharashtra reported a 23.14% year-on-year increase in net profit to ₹1,593 crore for the quarter ended June 30, 2025. The total income for Q1 FY26 stood at ₹7,879 crore, marking a 16.40% increase compared to the corresponding quarter last year.
The bank's operating profit increased by 12.03% to ₹2,570 crore in Q1 FY26, compared to ₹2,294 crore in Q1 FY25. Net Interest Income (NII) grew by 17.60% year-on-year to ₹3,292 crore in Q1 FY26, up from ₹2,799 crore in Q1 FY25. Fee-based income also saw an increase of 8.49%, reaching ₹399 crore for the quarter.
As of June 2025, total deposits reached ₹305,046 crore, a 14.07% increase from ₹267,416 crore in June 2024. CASA deposits improved to ₹152,738 crore, representing 50.07% of total deposits. Gross advances increased by 15.34% to ₹241,097 crore.
The bank's asset quality showed improvement, with Gross NPA declining to 1.74% as of June 30, 2025, compared to 1.85% as of June 30, 2024. Net NPA also improved to 0.18% as of June 30, 2025, against 0.20% as of June 30, 2024. The Provision Coverage Ratio stood at 98.36% as of June 30, 2025.
Bank of Maharashtra's Cost to Income Ratio improved to 37.57% for Q1 FY26, compared to 37.87% for Q1 FY25. Return on Assets (ROA) improved to 1.80% for Q1 FY26 as against 1.72% for Q1 FY25. Return on Equity (ROE) stood at 23.00% for Q1 FY26 against 27.62% for Q1 FY25.
The bank's total Basel III Capital adequacy ratio improved to 20.06%, with a Common Equity Tier 1 ratio of 15.62% for Q1 FY26.
Total business grew by 14.63% to ₹546,143 crore. Gross Advances increased by 15.34 % to ₹ 241,097 crore. RAM (Retail, Agri. & MSME) Business improved to 62.10% of Gross Advances. Retail advances grew by 35.37 % to ₹ 71,966 crore on Y-o-Y basis. MSME advances grew by 5.65% on Y-o-Y basis to ₹ 44,967 crore.
| Particulars | Jun 2025 | Mar 2025 | Jun 2024 | Y-o-Y Change |
|---|---|---|---|---|
| Total Income | 7,879 | 7,711 | 6,769 | 16.40% |
| Total Expenses | 5,309 | 5,192 | 4,474 | 18.66% |
| Operating Profit | 2,570 | 2,520 | 2,294 | 12.03% |
| Profit Before Tax | 1,703 | 1,536 | 1,344 | 26.71% |
| Net Profit | 1,593 | 1,493 | 1,293 | 23.20% |
Financial Performance
The bank's operating profit increased by 12.03% to ₹2,570 crore in Q1 FY26, compared to ₹2,294 crore in Q1 FY25. Net Interest Income (NII) grew by 17.60% year-on-year to ₹3,292 crore in Q1 FY26, up from ₹2,799 crore in Q1 FY25. Fee-based income also saw an increase of 8.49%, reaching ₹399 crore for the quarter.
Balance Sheet
As of June 2025, total deposits reached ₹305,046 crore, a 14.07% increase from ₹267,416 crore in June 2024. CASA deposits improved to ₹152,738 crore, representing 50.07% of total deposits. Gross advances increased by 15.34% to ₹241,097 crore.
Asset Quality
The bank's asset quality showed improvement, with Gross NPA declining to 1.74% as of June 30, 2025, compared to 1.85% as of June 30, 2024. Net NPA also improved to 0.18% as of June 30, 2025, against 0.20% as of June 30, 2024. The Provision Coverage Ratio stood at 98.36% as of June 30, 2025.
Key Ratios
Bank of Maharashtra's Cost to Income Ratio improved to 37.57% for Q1 FY26, compared to 37.87% for Q1 FY25. Return on Assets (ROA) improved to 1.80% for Q1 FY26 as against 1.72% for Q1 FY25. Return on Equity (ROE) stood at 23.00% for Q1 FY26 against 27.62% for Q1 FY25.
Capital Adequacy
The bank's total Basel III Capital adequacy ratio improved to 20.06%, with a Common Equity Tier 1 ratio of 15.62% for Q1 FY26.
Business Growth
Total business grew by 14.63% to ₹546,143 crore. Gross Advances increased by 15.34 % to ₹ 241,097 crore. RAM (Retail, Agri. & MSME) Business improved to 62.10% of Gross Advances. Retail advances grew by 35.37 % to ₹ 71,966 crore on Y-o-Y basis. MSME advances grew by 5.65% on Y-o-Y basis to ₹ 44,967 crore.
