Bank of Maharashtra Q1FY27 Net Profit Surges 26.84% to ₹2,020 Crore
Bank of Maharashtra reported Q1FY27 net profit of ₹2,020 crore, a 26.84% increase year-on-year. Total business grew 19.10% to ₹6,50,457 crore. Deposits rose 12.93% to ₹3,44,493 crore, and advances increased 26.90% to ₹3,05,964 crore. Operating profit grew 21.29% to ₹3,117 crore. Gross NPA improved to 1.45%.
The strong financial performance, including substantial profit growth and asset quality improvements, is expected to have a significant positive impact on investor sentiment and the bank's market valuation.
The bank has reported significant year-on-year growth in net profit, operating profit, net interest income, and total business, alongside improvements in asset quality (lower NPAs) and capital adequacy.
Bank of Maharashtra announced its financial results for the quarter ended June 30, 2026, reporting a significant increase in key performance indicators.
The bank's total global business grew by 19.10% year-on-year to ₹6,50,457 crore. Total global deposits increased by 12.93% to ₹3,44,493 crore, while gross global advances saw a substantial rise of 26.90% to ₹3,05,964 crore.
Profitability metrics showed strong improvement. Net profit for the quarter surged by 26.84% to ₹2,020 crore, compared to ₹1,593 crore in the same quarter last year. Operating profit grew by 21.29% to ₹3,117 crore. Net Interest Income (NII) increased by 14.53% to ₹3,770 crore. The Cost to Income Ratio improved to 35.04%, and Return on Assets (ROA) rose to 1.90%.
Asset quality also strengthened, with Gross NPA declining to 1.45% and Net NPA reducing to 0.13%. The Provision Coverage Ratio improved to 98.55%. The bank's Basel III Capital Adequacy Ratio stood at 18.64%.
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See the model portfoliosA plain-language summary of a public exchange filing by Bank of Maharashtra. Read the original for the full detail.