Bank of Maharashtra's Profits Soar by 35%
State-owned Bank of Maharashtra's shares surged after it announced a 35% rise in net profit for Q4 of 2025-26, reaching Rs 2,014 crore. The bank's asset quality improved, with a decline in gross and net non-performing assets. Total income and interest income also showed significant growth during the period.
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Shares of Bank of Maharashtra rose by 4% on Monday, following the bank's announcement of a significant 35% increase in net profit for the January-March quarter of the fiscal year 2025-26. The state-owned bank's stock closed at Rs 75.66 on the BSE, after hitting an intraday high of Rs 76.90.
The Pune-headquartered institution reported a net profit of Rs 2,014 crore, compared to Rs 1,493 crore in the same period the previous year. Total income for the quarter climbed to Rs 8,693 crore from Rs 7,711 crore a year earlier, with interest income rising to Rs 7,755 crore.
In terms of asset quality, Bank of Maharashtra's gross non-performing assets decreased to 1.45% of gross advances by March 2026, down from 1.74% the year before. Net non-performing assets also dropped to 0.13% from 0.18% at the end of the previous fiscal year, contributing to the bank's positive financial performance.
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