Bank of Maharashtra approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 at a board meeting held on July 10, 2026. The board meeting commenced at 12:40 PM and concluded the financial results agenda at 2:00 PM.
The results were approved pursuant to Regulation 30, 33 and 52 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The bank also submitted a statement of utilisation of issue proceeds and a NIL statement of deviation or variation in utilisation of issue proceeds for the quarter ended June 30, 2026.
Bank of Maharashtra reversed Rs 250 crore of COVID-19 related contingency provisions during the quarter ended June 30, 2026. The bank continues to hold provisions amounting to Rs 760 crore as of June 30, 2026.
The unaudited consolidated financial results cover the bank, its subsidiary The Maharashtra Executor and Trustee Company Private Limited, and its associate Maharashtra Gramin Bank. The subsidiary reported total revenues of Rs 0.83 crore and net profit after tax of Rs 0.35 crore for the quarter.
The group's share of net profit after tax from associate Maharashtra Gramin Bank stood at Rs 2.78 crore for the quarter ended June 30, 2026. A security cover certificate as of June 30, 2026 was also submitted to the exchanges.
The full unaudited financial results are available on the bank's website.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.