Bank of Maharashtra Q1 Net profit jumps 27% YoY

On Friday, July 10, Bank of Maharashtra announced a 27% year-over-year increase in net profit to ₹2,020 crore for the quarter ended June 2026 (Q1 FY27), which was fueled by a robust increase in interest revenue and an improvement in asset quality.

In the same quarter of the prior fiscal year, the state-owned banking reported a net profit of ₹1,593 crore.

A regulatory filing states that overall income increased from ₹7,879 crore a year earlier to ₹9,063 crore during the quarter. Additionally, interest income rose to ₹8,037 crore from ₹7,054 crore during the same time last year.

According to the bank's exchange filing, Net Interest Income (NII) rose 14.53% year-on-year to ₹3,770 crore in Q1 FY27, compared with ₹3,292 crore in the corresponding quarter last year. On a sequential basis, NII increased 1.82%.

The bank's cost-to-income ratio improved to 35.04% from 37.57% a year ago and 36.51% in the March 2026 quarter.

Return on Assets (RoA) also strengthened to 1.90%, up from 1.80% in Q1 FY26, while net advances registered a robust 27.22% year-on-year growth to ₹3,01,934 crore.

The bank's asset quality strengthened further, with the gross non-performing asset (GNPA) ratio improving to 1.45% of gross advances as of June-end, down from 1.74% a year ago. The net NPA (NNPA) ratio also declined to 0.13%, compared with 0.18% in the corresponding period last year.

Meanwhile, the bank's capital adequacy ratio (CAR) stood at 18.64% at the end of the June quarter, compared with 20.06% in the year-ago period.

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Indian Bank Q1 Standalone net profit rises 10% YoY

For the April–June quarter of FY27, Indian Bank declared a standalone net profit of Rs 3,273 crore on Friday. This represents a more than 10% year-over-year (YoY) increase from Rs 2,973 crore recorded in the same quarter of the previous fiscal year.

The PSU lender’s net interest income (NII), meanwhile, rose nearly 17% to around Rs 7,435 crore in Q1 FY27 from Rs 6,359 crore in Q1 FY26. The company’s shares surged around 10% following the release of the results.

Indian Bank’s rise in net profit and NII was accompanied by a sharp improvement in asset quality. Gross non-performing assets (GNPA) fell nearly 30% YoY to Rs 12,710 crore, while the gross NPA ratio declined to 1.86% from 3.01% in Q1 FY26. Net NPA, meanwhile, fell over 4% YoY to Rs 990 crore, with the net NPA ratio improving to 0.15% from 0.23% a year earlier.

The PSU bank’s net worth rose nearly 14% YoY to Rs 68,793 crore in the first quarter of FY27, from Rs 60,383 crore in the same period of FY26. Its operating profit margin rose to 26.82% from 25.48% a year earlier, while net profit margin edged down to 15.79% from 15.88% in Q1 FY26.

Indian Bank’s return on assets rose to 1.34%, while earnings per share (EPS) increased to Rs 24.92. Its capital adequacy ratio stood at 17.80%, while total advances grew around 14% to Rs 6.84 lakh crore.

The bank said its slippage ratio declined to 0.77% in June 2026 from 0.94% in June 2025. Yield on investments (YoI), meanwhile, stood at 6.96%, while domestic net interest margin (NIM) improved to 3.41% from 3.35% a year earlier.

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