Bank of Maharashtra Q1 results: Net profit rises 23% to ₹1,593 crore, NII up 18%

Its profit after tax stood at ₹1,293.69 crore in the year-ago period.

Its net interest income (NII) advanced 17.57% to ₹3,292 crore in the latest-April-June quarter as against ₹2,800 crore in the corresponding period of the previous fiscal year.

The bank's total income increased 16.4% to ₹7,879.18 crore in the quarter under review compared to ₹6,768.76 crore in the June quarter of FY25.

Fee-based income rose by 8.49 % on a year-on-year (YoY) basis to ₹399 crore for Q1 FY26, while the cost-to-income ratio improved to 37.57 % for the latest quarter as against 37.87% for Q1 FY25.

Gross advances soared by 15.34% on a YoY basis to ₹2,41,097 crore in the quarter ended June 2025 as against ₹2,09,031 crore in Q1 FY25.

Bank of Maharashtra share price

Shares of Bank of Maharashtra are trading at ₹57.09 apiece, up 1.8%, on the National Stock Exchange (NSE) at 1:36 pm. Its market capitalisation stands at ₹43,911.09 crore.

Bank of Maharashtra asset quality

Gross non-performing asset (NPA) improved to 1.74% as of June 30, 2025, against 1.85% a year back. Sequentially, it remained unchanged at 1.74%.

Net NPA improved to 0.18% as of June 2024 against 0.20% as of 30.06.2024. Sequentially, it remained unchanged at 0.18%.

The provision coverage ratio stood at 98.36% in the quarter under review, compared to 98.36% as of 30.06.2024. The same was 98.26% in Q4 FY25.

"RAM (Retail, Agri. & MSME) Business improved to 62.10% of Gross Advances. Retail advances grew by 35.37% to ₹71,966 crore on Y-o-Y basis. MSME advances grew by 5.65% on Y-o-Y basis to ₹44,967 crore. Total Basel III Capital adequacy ratio improved to 20.06% with Common Equity Tier1 ratio of 15.62 % for Q1FY26," it said in an exchange filing.