Bank of Maharashtra Q1 results: Net profit rises to ₹2,020 crore, NIIs grows nearly 15% YoY

Bank of Maharashtra reported a 27% year-on-year (YoY) surge in its net profit to ₹2,020 crore on Friday, July 10, for the quarter ended June 30, 2026, (Q1 FY27), as compared to ₹1,593 crore seen in the same quarter of the previous fiscal year.

The state-run lender's provisions stood at ₹840 crore for the quarter under review from ₹617 crore in the March quarter period.

The Pune-based bank's net interest income (NII), or the difference between interest earned on loans and expended on deposits, jumped 14.5% YoY to ₹3,770 crore in the April-June quarter of FY27, as against ₹3,117 crore in the year-ago period.

On the asset quality front, Bank of Maharashtra's gross NPA stood flat at 1.45% on quarter-on-quarter (QoQ) basis. Its net NPA also remained flat at 0.13% sequentially.

The PSU lender reported a 19.10% YoY growth in total global business to ₹6,50,457 crore. Its total global deposits rose 12.93% yearly to ₹3,44,493 crore, while gross global advances increased 26.90% YoY to ₹3,05,964 crore.

Its net advances also registered a strong growth of 27.22% YoY, reaching ₹3,01,934 crore during the period.

Bank of Maharashtra reported an improvement in key profitability and capital metrics, with return on assets (ROA) rising to 1.90% for Q1 FY27 from 1.80% in the year-ago period. The bank’s total Basel III capital adequacy ratio stood at 18.64%, supported by a Common Equity Tier 1 (CET1) ratio of 15.56%.

The lender posted a 25.11% YoY growth in its RAM (Retail, Agri & MSME) business. Within this segment, retail advances increased 24.59% YoY to ₹89,661 crore, while MSME advances rose 23.17% YoY to ₹55,386 crore.

Bank of Maharashtra share price trends

At 3:05 PM, shares of Bank of Maharashtra were trading at ₹85.17 apiece on the National Stock Exchange, climbing 3.85%.

In a month, shares of the firm have climbed 1.2%, while for six months’ time, they have jumped 33.5%. From the beginning of the year, Bank of Maharashtra shares have surged 34%.

Shares of Bank of Maharashtra had touched their one-year high of ₹94.50 apiece on June 29, 2026, while their 52-week low of ₹51.71 was hit on September 1, 2025.

Bank of Maharashtra has a total market capitalisation of ₹64,793.66 crore as of July 10, 2026, according to data on the NSE.