BANK OF MAHARASHTRA Q4 FY26 Results

Summary

Bank of Maharashtra reported a robust financial performance for the quarter and year ended March 31, 2026. The bank's Net Profit for FY26 surged by 27.17% to ₹7,019 crore, underpinned by strong growth in total business which expanded by 17.47% to ₹642,531 crore. This was primarily driven by a 21.74% increase in Gross Advances and a 14.14% rise in Total Deposits. The bank demonstrated significant improvements in asset quality, with Gross NPA decreasing to 1.45% and Net NPA reducing to 0.13%, while Return on Assets improved to 1.86% for the full year.

Key Highlights

1. 1

   Bank of Maharashtra's Net Profit for the financial year ended March 31, 2026, increased by 27.17% year-on-year to ₹7,019 crore.

2. 2

   Total Business grew significantly by 17.47% to ₹642,531 crore, driven by a 21.74% rise in Gross Advances to ₹291,967 crore and a 14.14% increase in Total Deposits to ₹350,564 crore.

3. 3

   Asset quality improved notably, with Gross NPA declining to 1.45% and Net NPA reducing to 0.13% as of March 31, 2026.

4. 4

   The bank's Operating Profit for FY26 grew by 16.41% to ₹10,826 crore, supported by a 17.13% increase in Net Interest Income to ₹13,664 crore.

5. 5

   Return on Assets (ROA) improved to 1.86% for FY26 and 1.97% for Q4FY26, while Return on Equity (ROE) reached 23.19% for the year.

6. 6

   For the fourth quarter of FY26, Net Profit increased by 34.89% year-on-year to ₹2,014 crore.

7. 7

   A final dividend of 12% (i.e., ₹1.20 per equity share) is proposed for FY26, in addition to the 10% interim dividend (₹1.00 per share) already declared and paid.