Bank of Maharashtra gains after Q1 PAT rises 23% YoY; clocks NIM of 3.95%

Bank of Maharashtra rose 1.66% to Rs 56.99 after the bank reported 23% increase in net profit to Rs 1,593 crore on a 16% rise in total income to Rs 7,879 crore in Q1 FY26 as compared with Q1 FY25.

Net Interest Income (NII) grew by 17.60% on YoY basis to Rs 3,292 crore in Q1 FY26 as against Rs 2,799 crore for Q1 FY25. Net interest margin (NIM) stood at 3.95% as on 30 June 2025.

Operating profit of the bank for the June25 quarter was Rs 2,570 crore, up 12% YoY.

Provision & contingencies other than taxes declined by 9% to Rs 867 crore in Q1 FY26 from Rs 951 crore in Q1 FY25.

 

Profit before tax in Q1 FY26 stood at Rs 1,703 crore, up by 27% from Rs 1,343 crore in Q1 FY25.

Gross NPA improved to 1.74% as on 30 June 2025 against 1.85% as on 30 June 2024. The same was at 1.74% as on 31 March 2025.

Net NPA improved to 0.18% as on 30 June 2025 against 0.20% as on 30 June 2024 and 0.18% as on 31 March 2025.

Provision coverage ratio stood at 98.36% as on 30 June 2025.

Gross advances grew by 15.34% on YoY basis to Rs 241,097 crore in Q1 FY26 as against Rs 209,031 crore in Q1 FY25. Deposits jumped 14.07% YoY to Rs 267,416 crore in Q1 FY26.

Total Basel-III capital adequacy ratio improved to 20.06% with common equity tier-1 ratio of 15.62 % for Q1 FY26.

Bank of Maharashtra is engaged in providing banking services. The bank's segments include treasury, corporate/wholesale banking, retail banking, and other banking operations. The Government of India held a 79.60% stake in the bank as of 30 June 2025.

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