Bank of Maharashtra posted a strong third‑quarter performance, with profit rising sharply and loan quality improving.
Key Financial Highlights
- Consolidated profit up 26.5% YoY to ₹1,779.58 crore.
- Total income grew 16.4% to ₹8,277.22 crore.
- Operating profit increased 19% to ₹2,735.90 crore.
- Net interest income rose 16.3% to ₹3,422 crore.
Profitability Metrics
Net profit margin improved to 21.68% from 19.83%, while operating margin climbed to 33.21% from 32.43%.
Net interest margin slipped slightly to 3.86% from 3.98%.
Deposits and Advances
- Deposits grew 15.29% YoY to ₹3,21,661 crore.
- Gross advances increased 19.62% YoY to ₹2,73,502 crore.
Asset Quality
- Gross NPA fell to 1.60% from 1.80%.
- Net NPA declined to 0.15% from 0.20%.
- Provision coverage improved to 98.41%.
- Cumulative Covid‑19 provision stands at ₹1,200 crore.
Dividend Announcement
The board approved an interim dividend of ₹1 per share (face value ₹10) for FY26, within RBI limits.
What This Means for Investors
Higher earnings, better margins, and cleaner balance sheets suggest the bank is on a solid growth path, making the ₹1 dividend an added bonus for shareholders.
Remember, this is just my take on the numbers—not a prediction. Do your own research or consult a financial advisor before making any decisions.