Bank of Maharashtra reported a 26.84% year-on-year rise in net profit to Rs 2,020 crore for the quarter ended 30 June 2026, compared with Rs 1,593 crore in the same quarter of the previous year.
Operating profit grew 21.29% to Rs 3,117 crore and net interest income increased 14.53% to Rs 3,770 crore for Q1FY27. Total income rose 15.03% to Rs 9,063 crore while total expenses stood at Rs 5,946 crore.
Total global business expanded 19.10% to Rs 6,50,457 crore, with total global deposits up 12.93% to Rs 3,44,493 crore and gross global advances up 26.90% to Rs 3,05,964 crore. Retail advances grew 24.59% to Rs 89,661 crore and MSME advances grew 23.17% to Rs 55,386 crore.
Asset quality improved with gross NPA declining to 1.45% from 1.74% a year earlier and net NPA reducing to 0.13% from 0.18%. The provision coverage ratio stood at 98.55% and the domestic credit-deposit ratio was 86.58%.
The bank's capital adequacy ratio under Basel III improved to 18.64%, with Common Equity Tier 1 at 15.56% and Tier I at 16.35%. Return on assets rose to 1.90% and return on equity improved to 24.65%, while the domestic net interest margin was 3.85% and the cost-to-income ratio stood at 35.04%.
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