Bank of Maharashtra Q2 profit rises 23%

 

In an exchange filing on October 13, the Bank of Maharashtra stated that its net profit for the September quarter increased by 23.09 percent year over year to Rs 1,633 crore, while its net interest income (NII) increased by 15.71 percent year over year to Rs 3,248 crore. 

 Following the release of the quarterly data, the lender's shares fell precipitously by more than 3%. In Q2FY26, operating profit increased 16.91% year over year to Rs 2,574 crore from Rs 2,202 crore in Q2FY25. 

 In Q2FY26, net revenue (or net interest income plus other income) increased 13.73 percent to Rs 4,093 crore. Compared to Q2FY25, when it was 38.81 percent, the Bank of Maharashtra's cost to income ratio improved to 37.10 percent in Q2FY26.

Compared to 1.74 percent for Q2FY24 and 1.80 percent for Q1FY25, the return on assets (RoA) increased to 1.82 percent for Q2FY26. In Q2FY26, the return on equity (RoE) was 22.58 percent, compared to 26.01 percent in Q2FY25. 

 The total business reached Rs 5,63,909 crore, an increase of 14.20 percent year over year. At Rs 3,09,791 crore, total deposits grew by 12.13 percent annually. Gross Advances reached Rs 2,54,118 crore, an increase of 16.83 percent year over year. 

 Retail advances have increased by 37.45 percent year over year, while RAM (Retail, Agri. & MSME) business rose by 16.94 percent. Compared to 1.84 percent on September 30, 2024, and 1.74 percent on June 30, 2025, gross non-performing assets (NPA) decreased to 1.72 percent on September 30, 2025.

Compared to 0.20 percent on September 30, 2024, and 0.18 percent on June 30, 2025, net non-performing assets (NPA) decreased to 0.18 percent on September 30, 2025. 

 As of September 30, 2025, the provision coverage ratio was 98.34 percent, compared to 98.36 percent on September 30, 2024, and 98.36 percent on June 30, 2025. With a Common Equity Tier 1 (CET1) ratio of 14.05 percent, the overall Basel III Capital Adequacy ratio increased to 18.13 percent.