Bank of Maharashtra Q2 FY27 Net Profit Surges 41.42% to ₹2,310 Crore
Bank of Maharashtra reported a 41.42% YoY increase in Q2 FY27 Net Profit to ₹2,310 crore. Total Global Business grew 25.16% to ₹7,05,766 crore. Deposits rose 21.50% to ₹3,76,407 crore, and Advances increased 29.61% to ₹3,29,359 crore. Gross NPA improved to 1.25%.
The strong financial performance and improvement in asset quality are significant positive developments for the bank, likely to be viewed favorably by investors and stakeholders.
The bank has shown significant year-on-year growth in key financial metrics such as Net Profit, Operating Profit, Net Interest Income, Deposits, and Advances. Asset quality has also improved.
Bank of Maharashtra has announced its financial results for the quarter and half-year ended September 30, 2026. The bank reported a significant 41.42% year-on-year increase in Net Profit for the second quarter of FY27, reaching ₹2,310 crore, up from ₹1,633 crore in the corresponding quarter of FY26. On a sequential basis, Net Profit grew by 14.33% from the previous quarter.
Operating Profit also showed robust growth, increasing by 30.86% year-on-year to ₹3,369 crore in Q2 FY27 from ₹2,574 crore in Q2 FY26. Net Interest Income (NII) grew by 21.76% year-on-year to ₹3,954 crore. The Cost to Income Ratio improved to 33.73% from 37.10% in the previous year's quarter, and Return on Assets (ROA) improved to 2.02% from 1.82%.
For the half-year ended September 30, 2026, Net Profit increased by 34.22% year-on-year to ₹4,330 crore. Operating Profit grew by 26.08% to ₹6,486 crore, and NII rose by 18.12% to ₹7,724 crore.
Total Global Business grew by 25.16% to ₹7,05,766 crore as of September 30, 2026. Total Deposits increased by 21.50% to ₹3,76,407 crore, and Gross Global Advances increased by 29.61% to ₹3,29,359 crore. Asset quality improved with Gross NPA declining to 1.25% and Net NPA reducing to 0.12%. The Provision Coverage Ratio improved to 98.53%. Capital Adequacy Ratio stood at 18.51%.
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