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Bank of Maharashtra reported a strong performance for the March quarter of FY26, with net profit rising 35% to INR 2,014 crore compared to INR 1,493 crore in the same period last fiscal year. The bank also recorded higher total and interest income, supported by steady business growth. Asset quality showed improvement, with both gross and net non-performing assets declining further. While profitability and asset quality strengthened, the capital adequacy ratio witnessed a drop compared to the previous year, though it remained at a comfortable level.
State-owned Bank of Maharashtra reported a 35% increase in net profit for the March quarter of FY26, reaching INR 2,014 crore, compared to INR 1,493 crore in the corresponding quarter of the previous year. Advertisement
The Pune-headquartered lender saw its total income rise to INR 8,693 crore from INR 7,711 crore in the same period last year. Interest income also grew to INR 7,755 crore from INR 6,731 crore, reflecting steady growth in core lending activity.
On the asset quality front, the bank reported an improvement in its loan book performance. Gross non-performing assets declined to 1.45% of gross advances from 1.74% in the previous year period, while net non-performing assets reduced to 0.13% from 0.18%.
Return on Assets improved to 1.86% for the year ended March FY26, compared to 1.75% in the previous fiscal year, indicating better efficiency in generating profits from assets.
However, the capital adequacy ratio fell to 18.36% from 20.53% in the previous year, though it remained well above regulatory requirements, reflecting a relatively stable capital position.
Source PTI
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