Bank of Maharashtra Q4 FY26 Concall Transcript Released
Bank of Maharashtra released its Q4 FY26 earnings call transcript. The bank reported strong FY26 performance, meeting guidance across key metrics. Total business grew 17%, advances 22%, and deposits 14%. Net profit rose 27% to ₹7,019 crore. GNPA improved to 1.45% and NNPA to 0.13%. For FY27, guidance includes 16-17% business growth, 18% advances growth, and NIM at 3.75%.
The announcement provides a detailed transcript of an earnings call, which includes financial performance, management commentary, and future guidance. While the results are positive, the information is a confirmation of past performance and future outlook rather than a new, material event that would drastically alter the company's trajectory. Hence, the impact is considered medium.
The announcement details a successful fiscal year for the bank, with strong growth in business, advances, and net profit, while also meeting or exceeding its financial guidance across various parameters. The management's positive outlook and clear guidance for the upcoming fiscal year further reinforce the positive sentiment.
Bank of Maharashtra has released the transcript of its earnings conference call with institutional investors and analysts held on April 20, 2026, to discuss the financial results for the quarter and year ended March 31, 2026.
The call featured insights from Mr. Nidhu Saxena, Managing Director and CEO, along with other management team members. Mr. Saxena highlighted the bank's strong performance throughout the fiscal year 2025-26, meeting or exceeding guidance across key parameters such as growth, asset quality, profitability, and capital adequacy. He noted a 17% growth in total business, with advances growing by 22% and deposits by 14%. CASA deposits grew by 12%, maintaining a CASA ratio above 50% at 52.51%.
Significant growth was observed in focused products like home loans (29%), vehicle loans (56% YoY), and gold loans (53% YoY). Agriculture and MSME portfolios also saw double-digit growth, with MSME growing at 11% and Agri at 13%. The bank also focused on corporate lending in sectors like green energy and infrastructure, resulting in a 22% YoY growth in the corporate book.
Asset quality showed improvement, with Gross NPA reducing to 1.45% (down 29 bps YoY) and Net NPA to 0.13% (down 5 bps YoY). Recovery in written-off books was strong, with INR 1,423 crores recovered in FY26, surpassing the target. Operating profit grew by 16% YoY to ₹10,826 crore, and net profit surged by 27% YoY to ₹7,019 crore.
Profitability metrics also improved, with NIM at 3.91% (against a guidance of 3.75%), ROA at 1.86% (against guidance of 1.75%), and ROE at 23.19%. The cost-to-income ratio was maintained below 40% at 37.08%. Capital adequacy remained strong, with CRAR at 18.36% and CET1 at 14.59%. The Government of India's holding has reduced to 73.60% post-OFS, making the bank MPS compliant.
During the Q&A session, management addressed concerns about geopolitical uncertainties, particularly the impact of the West Asia crisis on MSME accounts, stating that while no immediate stress was visible in March, potential impacts might be seen in subsequent quarters. The bank has created a provision of ₹200 crore for global geopolitical uncertainties. Discussions also covered the bank's GIFT City operations, which have achieved profitability in their first year, and the tax rate, which is expected to remain in the 13-14% range on an operating profit basis, with normalization occurring from the second quarter onwards.
For FY27, the bank has set guidance for total business growth of 16-17%, advances growth of 18%, and deposit growth of 14-15%. NIM is guided at 3.75%, ROA at 1.80%, and ROE at 20%+. GNPA is expected to remain within 2%, and NNPA within 0.25%. The bank also highlighted its focus on increasing fee-based income and a strategy to expand its branch network.
What to do with a filing like this
Bank of Maharashtra filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Bank of Maharashtra. Read the original for the full detail.