Bank of Maharashtra Q4 FY26 Net Profit Surges 34.89% to ₹2,014 Crore
Bank of Maharashtra reported a 34.89% YoY increase in Q4 FY26 net profit to ₹2,014 crore and a 27.17% YoY rise in FY26 net profit to ₹7,019 crore. Total business grew 17.47% to ₹642,531 crore. Gross NPA improved to 1.45%. A final dividend of 12% is proposed.
The announcement details robust financial performance with significant growth across key metrics, improvements in asset quality, and a proposed dividend. This indicates a positive outlook and strong operational efficiency, which is likely to be viewed favorably by investors and stakeholders.
The bank reported strong year-on-year growth in net profit, operating profit, and net interest income for both the quarter and the full year. Key performance indicators such as total business, advances, and deposits also showed significant growth. Asset quality improved, with reductions in Gross and Net NPAs, and an improved Provision Coverage Ratio.
Bank of Maharashtra announced its financial results for the quarter and year ended March 31, 2026. The bank reported a significant increase in net profit for the fourth quarter of FY26, which grew by 34.89% year-on-year to ₹2,014 crore, compared to ₹1,493 crore in Q4 FY25. Sequentially, the net profit increased by 13.19% on a quarter-on-quarter basis.
For the full fiscal year ended March 31, 2026, the bank's net profit rose by 27.17% year-on-year to ₹7,019 crore, up from ₹5,520 crore in the previous fiscal year. Operating profit for the full year grew by 16.41% to ₹10,826 crore. Net Interest Income (NII) increased by 17.13% year-on-year to ₹13,664 crore for the fiscal year.
Total business for the bank grew by 17.47% year-on-year to ₹642,531 crore as of March 31, 2026. Total deposits increased by 14.14% to ₹350,564 crore, while gross advances saw a substantial rise of 21.74% to ₹291,967 crore. The bank's asset quality improved, with Gross NPA declining to 1.45% and Net NPA reducing to 0.13%. The Provision Coverage Ratio stood at a healthy 98.59%.
The bank proposed a final dividend of 12% (₹1.20 per equity share) for the year 2025-26, in addition to the interim dividend of 10% (₹1.00 per share) already paid. A presentation for investors is also available on the bank's website.
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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.