Bank of Maharashtra Q3FY26 Net Profit Surges 26.51% to ₹1,779 Crore
Bank of Maharashtra reported a 26.51% year-on-year increase in Net Profit to ₹1,779 crore for Q3FY26. Total business grew 17.24% to ₹5,95,163 crore. Gross NPA decreased to 1.60% and Net NPA to 0.15%. The bank declared an interim dividend of 10%.
The significant increase in profitability and business growth, coupled with improved asset quality and a dividend payout, are material positive developments for the bank and its shareholders, indicating strong financial performance and operational efficiency.
The bank has reported strong growth in net profit, operating profit, net interest income, and total business, along with improvements in asset quality (lower NPAs) and key ratios like ROA and ROE. The declaration of an interim dividend further reinforces the positive sentiment.
Bank of Maharashtra announced its financial results for the quarter and nine months ended December 31, 2025. The bank reported a significant increase in Net Profit, which grew by 26.51% to ₹1,779 crore for the third quarter of FY26, compared to ₹1,406 crore in the same period last year. Operating profit also saw a healthy rise of 18.78% to ₹2,736 crore.
Net Interest Income (NII) increased by 16.27% year-on-year to ₹3,422 crore. Net Revenues grew by 16.73% to ₹4,355 crore. The Cost to Income Ratio improved to 37.19% from 38.27% in the previous year.
For the nine months ended December 31, 2025, Net Profit stood at ₹5,005 crore, a substantial increase from ₹4,027 crore in the corresponding period of FY25. Operating Profit for the nine months grew by 15.89% to ₹7,880 crore.
Total business for the bank grew by 17.24% to ₹5,95,163 crore as of December 31, 2025. Total Deposits increased by 15.29% to ₹3,21,661 crore, and Global Gross Advances rose by 19.62% to ₹2,73,502 crore.
Asset quality showed improvement, with Gross NPA declining to 1.60% and Net NPA to 0.15% as of December 31, 2025. The Provision Coverage Ratio improved to 98.41%.
The Board of Directors has approved an interim dividend of 10%, or ₹1.00 per equity share of face value ₹10, for Financial Year 2025-26.
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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.