Government-owned Bank of Maharashtra on Tuesday, January 13, reported a 26.50% year-on-year (YoY) rise in its consolidated profit to Rs.1,779.58 crore for the December quarter of the current financial year (Q3FY26). In the same quarter last year, the lender's profit was Rs.1,406.73 crore.
The bank's total income for the quarter rose 16.4% YoY to Rs.8,277.22 crore from Rs.7,112.66 crore in Q3FY25.Operating profit, or the profit before provisions and contingencies, rose nearly 19% YoY to Rs.2,735.90 crore from Rs.2,303.39 crore in Q3FY25.
Net profit margin improved to 21.68% from 19.83% YoY, while operating margin climbed to 33.21% from 32.43% YoY in Q3FY26.
The bank's net interest income (NII) grew by 16.27% YoY to Rs.3,422 crore during the December quarter against Rs.2,943 crore for the same quarter of the previous financial year. Net interest margin (NIM) slipped to 3.86% in Q3FY26 from 3.98% YoY.
Total deposits increased by 15.29% YoY to Rs.3,21,661 crore, while global gross advances increased by 19.62% YoY to Rs.2,73,502 crore, said the bank.The board of directors has approved an interim dividend of Rs.1 per equity share of face value of Rs.10 per share for FY26 (9 months), which is within the permissible limit of the RBI.
The bank said its gross NPA declined to 1.60% against 1.80% YoY, while net NPA declined to 0.15% against 0.20% YoY.The provision coverage ratio improved to 98.41% as of December 31, 2025, compared to 98.28% as of December 31, 2024, according to the bank.
The bank said it held a cumulative Covid-19 provision of Rs.1,200 crore as on December 31, 2025.
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