Strong Q4 numbers generate interest in Bank of Maharashtra

Bank of Maharashtra rose 10.42% to Rs 41.85 at 11:27 IST on BSE after net profit jumped 97.9% to Rs 112.72 crore on 6.7% growth in total income to Rs 3598.89 crore in Q4 March 2015 over Q4 March 2014.

The Q4 result was announced after market hours yesterday, 14 May 2015.

Meanwhile, the S&P BSE Sensex was up 71.06 points or 0.26% at 27,277.12.

On BSE, so far 3.90 lakh shares were traded in the counter as against average daily volume of 36,487 shares in the past one quarter.

The stock hit a high of Rs 44.15 and a low of Rs 41.50 so far during the day. The stock had hit a 52-week high of Rs 55.15 on 9 June 2014. The stock had hit a 52-week low of Rs 34.10 on 26 March 2015.

The stock had outperformed the market over the past one month till 14 May 2015, sliding 5.37% compared with Sensex's 6.33% fall. The scrip had, however, underperformed the market in past one quarter, declining 6.65% as against Sensex's 6.49% fall.

The mid-cap bank has equity capital of Rs 1063.18 crore. Face value per share is Rs 10.

Bank of Maharashtra's (BOM) ratio of gross non-performing assets (NPAs) to gross advances stood at 6.33% as on 31 March 2015 as against 6.65% as on 31 December 2014 and 3.16% as on 31 March 2014. The ratio of net NPAs to net advances stood at 4.19% as on 31 March 2015 as against 4.71% as on 31 December 2014 and 2.03% as on 31 March 2014.

The bank's provisions and contingencies rose 67.8% to Rs 431.91 crore in Q4 March 2015 over Q4 March 2014.

BOM's Capital Adequacy Ratio (CAR) as per Basel III stood at 11.94% as on 31 March 2015 as against 11.31% as on 31 December 2014 and 10.79% as on 31 March 2014.

The Government of India (GoI) held 79.8% stake in Bank of Maharashtra (as per the shareholding pattern as on 31 December 2014).

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