Quarterly Earnings
Bank of Maharashtra Q1 FY27 Results: Net Profit Jumps 26.84% YoY to ₹2,020 Crore
NSE
MAHABANK
BSE
532525
Bank of Maharashtra reported a strong set of results for the quarter ended June 30, 2026 (Q1 FY27). The bank posted 26.84% year-on-year growth in net profit to ₹2,020 crore, supported by robust loan growth, higher net interest income, improving operating profitability and continued improvement in asset quality.
PRICE-SENSITIVE TRIGGER
Event: Q1 FY27 Financial Results Announcement
Type: Quarterly Earnings
Impact: Positive
Immediate Effect: The quarterly performance reflects sustained earnings growth, healthy credit expansion, stable margins and improved asset quality, reinforcing the bank’s operational strength.
Financials:
Key Metrics:
- Revenue (Total Income): ₹9,063 crore (+15.03% YoY, +4.26% QoQ)
- Net Interest Income (NII): ₹3,770 crore (+14.53% YoY, +1.82% QoQ)
- Operating Profit (EBITDA Equivalent for Banking): ₹3,117 crore (+21.29% YoY, +5.81% QoQ)
- Profit Before Tax: ₹2,277 crore (+33.73% YoY)
- PAT (Net Profit): ₹2,020 crore (+26.84% YoY, +0.31% QoQ)
- Total Global Business: ₹6,50,457 crore (+19.10% YoY)
- Global Deposits: ₹3,44,493 crore (+12.93% YoY)
- Gross Global Advances: ₹3,05,964 crore (+26.90% YoY)
- Net Advances: ₹3,01,934 crore (+27.22% YoY)
- Gross NPA: 1.45% (improved from 1.74% YoY)
- Net NPA: 0.13% (improved from 0.18% YoY)
- Domestic Net Interest Margin (NIM): 3.85%
- Provision Coverage Ratio: 98.55%
- Return on Assets (ROA): 1.90%
- Return on Equity (ROE): 24.65%
- Capital Adequacy Ratio (CRAR): 18.64%
Highlight:
- Bank of Maharashtra reported a record quarterly net profit of ₹2,020 crore, marking a 26.84% year-on-year increase.
What Happened ?
Bank of Maharashtra announced its financial results for the quarter ended June 30, 2026, reporting healthy growth across profitability, lending and deposits.
The bank benefited from strong advances growth, higher net interest income and improved operating profit while maintaining one of the lowest NPA ratios among public sector banks. Capital adequacy also remained comfortably above regulatory requirements.
Key details
Operational & Financial Highlights:
- Total global business increased 19.10% YoY to ₹6,50,457 crore.
- Global deposits grew 12.93% YoY to ₹3,44,493 crore.
- Gross global advances increased 26.90% YoY to ₹3,05,964 crore.
- Net advances rose 27.22% YoY to ₹3,01,934 crore.
- RAM (Retail, Agriculture & MSME) business expanded 25.11% YoY.
- Retail advances grew 24.59% YoY to ₹89,661 crore.
- MSME advances increased 23.17% YoY to ₹55,386 crore.
- Gross NPA improved to 1.45%, while Net NPA declined to 0.13%.
- Provision Coverage Ratio improved to 98.55%.
- Capital Adequacy Ratio stood at 18.64%, with Tier-I ratio at 16.35%.
Note:
- The figures relate to the quarter ended June 30, 2026 (Q1 FY27).
Risk Analysis
Summary:
- The bank continues to deliver strong earnings and business growth while maintaining healthy asset quality. Sustaining loan growth, deposit mobilisation and net interest margins will remain key performance drivers.
Key Risks:
- Margin pressure could emerge if funding costs rise faster than lending yields.
- Credit growth must remain strong to sustain earnings momentum.
- Any deterioration in asset quality could increase provisioning expenses.
Worst Case:
- A combination of slower credit demand, margin compression and higher NPAs could moderate earnings growth in future quarters.
Risk Level: Medium
Company Commentary
- Net profit increased 26.84% YoY to ₹2,020 crore.
- Operating profit rose 21.29% YoY to ₹3,117 crore.
- Net Interest Income increased 14.53% YoY to ₹3,770 crore.
- Gross NPA improved to 1.45%, while Net NPA reduced to 0.13%.
- Total global business crossed ₹6.50 lakh crore.
- Capital Adequacy Ratio remained strong at 18.64%.
Official Exchange Filing: Bank of Maharashtra Limited
