Bank of Maharashtra Q3 results: Net profit rises 27% to ₹1,779 crore, bank declares interim dividend for FY26

The state-run lender's provisions for non-performing assets (NPA) rose 2.5% to ₹660 crore from ₹593 crore in the year-ago period.

The Pune-based bank's net interest income (NII), or the difference between interest earned on loans and expended on deposits, grew 16.3% to ₹3,422.7 crore in the October-December period from ₹2,944 crore in the same period last year.

The bank's asset quality showed a slight improvement as its gross NPAs, as a percentage of total advances, improved to 1.6% from 1.8% in the year-ago period. Its net NPAs came in at 0.15% at the end of the December quarter, from 0.2% in the same period last year.

In absolute terms, Bank of Maharashtra's gross NPAs came in at ₹4,388 crore as against ₹4,124 crore in the year-ago period.

As of December 31, the PSU Bank saw a healthy growth in its assets and liabilities, with total business rising 17.24% year-on-year to ₹5.95 lakh crore. Its total deposits increased 15.29% YoY to ₹3.21 lakh crore, while global advances registered a strong growth of 19.62% on a yearly basis to ₹2.73 lakh crore.

For the nine months ended December 31, 2025, the net profit of the lender increased 24% YoY to ₹5,005 crore, compared with ₹4,027 crore in the corresponding period last year. Operating profit rose 15.89% YoY to ₹7,880 crore from ₹6,799 crore, while net interest income (NII) grew 16.52% YoY to ₹9,962 crore, up from ₹8,549 crore in the nine months ended December 31, 2024.

The bank has declared an interim dividend for FY26 at the rate of 10% (₹1 per equity share) on equity shares with a face value of ₹10 each.

The record date for determining the eligibility of members entitled to receive the interim dividend on equity shares has been set on January 20, 2026.

Following the earnings, shares of Bank of Maharashtra were trading at ₹64.43 apiece on NSE, rising 1.03%.