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Informist, Friday, Jul. 10, 2026

 

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--Bank of Maharashtra Apr-Jun net profit INR 20.20 bln 
--Bank of Maharashtra Apr-Jun PAT INR 20.20 bln vs INR 15.93 
--Bank of Maharashtra Apr-Jun PAT INR 20.20 bln vs INR 15.93 bln year ago 
--Bank of Maharashtra Apr-Jun total income INR 90.63 bln 
--Bank of Maharashtra Q1 total income INR 90.63 bln vs INR 78.79 bln yr ago 
--Bk of Maharashtra Apr-Jun provision INR 8.40 bln vs INR 8.67 bln yr ago 
--Bank of Maharashtra Q1 NPA provision INR 7.55 bln vs INR 7.19 bln yr ago 
--Bk of Maharashtra gross NPAs 1.45% on Jun 30 vs 1.45% qtr ago, 1.74% yr ago 
--Bk of Maharashtra net NPAs 0.13% on Jun 30 vs 0.13% qtr ago, 0.18% yr ago 
--Bank of Maharashtra Basel-III capital adequacy ratio 18.64% on Jun 30 
--Bank of Maharashtra provision coverage ratio 98.55% on Jun 30 
--Bk of Maharashtra Apr-Jun net interest income INR 37.70 bln, up 14.5% YoY 
--Bank of Maharashtra Apr-Jun NIM 3.79% vs 3.91% qtr ago, 3.95% year ago 
--Bk of Maharashtra total deposits INR 3.44 tln on Jun 30, up 12.9% YoY 
--Bk of Maharashtra domestic advances INR 2.98 tln on Jun 30 
--Bank of Maharashtra CASA ratio 49% on Jun 30 vs 53% qtr ago 
--Bank of Maharashtra Apr-Jun cost of deposits 4.38% vs 4.33% qtr ago 
--Bank of Maharashtra Apr-Jun cost of funds 4.01% vs 3.95% qtr ago 
--Bk of Maharashtra Apr-Jun fresh slippage INR 8.88 bln vs INR 7.27 bln yr ago 
--Bk of Maharashtra Q1 recovery, upgrades INR 2.36 bln vs INR 2.42 bln yr ago

 

By Diksha Tripathy

 

MUMBAI – Bank of Maharashtra recorded robust double-digit on-year growth in its net profit for the June quarter owing to healthy growth in total income. However, the sequential growth in its net profit was marginal due to a sharp rise in provisions and contingencies. 

 

Bank of Maharashtra posted a net profit of INR 20.20 billion for the June quarter, up 27% on year and 0.30% on a sequential basis. The bank had recorded a net profit of INR 15.93 billion in the corresponding quarter a year ago.  

 

The bank's total income grew over 15% on year to INR 90.63 billion in the June quarter. On a sequential basis, it rose over 4%. For the June quarter last year, the company had recorded total income of INR 78.79 billion. 

 

The bank's net interest income for the June quarter rose over 14% on year to INR 37.70 billion. The net interest margin was 3.79% in the June quarter, as against 3.91% in the previous quarter and 3.95% in the year-ago quarter. 

 

Bank of Maharashtra's total deposits were up nearly 13% on year at INR 3.44 trillion as on Jun. 30. However, the deposits were down nearly 2% on a sequential basis. The cost of deposits was at 4.38% in the June quarter, against 4.33% in the previous quarter. Bank of Maharashtra's cost of funds for Apr-Jun period was at 4.01%, up from 3.95% a quarter ago. 

 

The bank's borrowings and advances were sharply up in the June quarter. Borrowings were recorded at INR 387.49 billion, up over 63% on year and nearly 10% on quarter. Advances stood at INR 3.02 trillion, up over 27% on year and nearly 5% on quarter. Domestic advances were at INR 2.98 trillion as on Jun. 30. Bank of Maharashtra's current account and savings account ratio was 49% as on Jun. 30, lower than 53% a quarter ago.

 

For the June quarter, Bank of Maharashtra's provisions and contingencies were at INR 8.40 billion, down over 3% on year. On a sequential basis, provisions were up over 36% in Apr-Jun, the highest increase in 13 quarters. The provision coverage ratio of the lender was 98.55% as on Jun. 30.  

 

The bank's provisions for non-performing assets accounted for INR 7.55 billion in the June quarter, slightly higher than INR 7.19 billion in the year-ago period. The gross non-performing asset ratio of the lender was 1.45% as on Jun. 30, the same as that in the previous quarter, but down from 1.74% in the year-ago period. 

 

The net non-performing asset ratio of Bank of Maharshtra was also the same as that in the previous quarter at 0.13%, but marginally down from 0.18% in the corresponding quarter a year ago. The bank's Basel-III capital adequacy ratio came in at 18.64% on Jun. 30.

 

 

The total expenses of the bank, excluding provisions and contingencies, grew 12% on year and over 3% on quarter to INR 59.46 billion in the June quarter. Employees cost under operating expenses and overall interest expenses were the two major expenditures for the bank in the June quarter.

 

Operating cost – including employee cost and other operating expenses – came in at INR 16.82 billion, up nearly 9% on year but down nearly 1% on quarter. Of the INR 16.82 billion, INR 10.07 billion was expense under the employees' cost category, which was over 14% on year and over 15% on quarter. Other operating expenses for the June quarter were at INR 6.75 billion, up over 1% on year, but down nearly 18% on quarter. 

 

Fresh slippages rose to INR 8.88 billion in the June quarter from INR 7.27 billion in the trailing quarter. Recoveries and upgrades fell slightly to INR 2.36 billion from INR 2.42 billion in the year-ago quarter. Following the June quarter earnings announcement on Friday, shares of Bank of Maharashtra ended at INR 84.25 apiece on the National Stock Exchange, up nearly 3% from Thursday.  End

 

Edited by Avishek Dutta

 

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