Bank of Maharashtra Q4 results: Net profit soars 35% YoY to ₹2,014 crore; ₹1.2/share dividend announced

The PSU Bank posted a 34.89% year-on-year (YoY) surge in net profit to ₹2,014.09 crore during the quarter under review, compared to ₹1,493.08 crore in the March quarter of the 2024-25 fiscal year (Q4 FY25).

Its net interest income (NII) jumped 18.81% YoY to ₹3,702 crore in the January-March quarter of FY26, as against ₹3,116 crore in the year-ago period.

Asset quality

Its asset quality improved both on a YoY and sequential basis, with Gross Non-Performing Assets (GNPA) contracting to 1.45% in the March quarter of FY26, compared with 1.74% in Q4 FY25 and 1.6% in the quarter-ago period.

Similarly, its Net NPA (NNPA) improved to 0.13% for the reporting quarter, in comparison to 0.18% in the corresponding period of FY25 and 0.15% in the December quarter of FY26.

The bank’s provision coverage ratio stood at 98.59% as on March 31, 2026, as against 98.26% a year back and 98.41% in Q3 FY26.

Key highlights

• Its return on assets (ROA) improved to 1.97% for the reporting quarter, from 1.78% in Q4 FY25.
• As of March 31, 2026, its total business stood at ₹6.42 lakh crore, reflecting a 17.47% YoY growth.
• Bank of Maharadhtra’s total Deposits increased by 14.14 % on a YoY basis to ₹3.51 lakh crore as of March 31, 2026.
• As on March 31, 2026, its gross Advances grew 21.74% YoY to ₹2.92 lakh crore.

Final dividend

The board of Bank of Maharashtra also recommended a final dividend of ₹1.20 per equity share, at a rate of 12%, with a face value of ₹10 each for the FY26, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Bank.

Other board approvals

Along with the earnings and the dividend, the board of directors of Bank of Maharashtra also approved raising of capital upto ₹7,500 crore by way of equity capital by "issue of equity shares by way of preferential allotment basis to GOI/ LIC/ Fl and /or by way of Qualified Institutional Placement (QIP) / Follow-on Public Offer (FPO)/ Rights/ ESPS Issue etc. and/or Basel III Additional Tier I Bonds and/or Tier II Bonds, subject to the necessary approvals."

Furthermore, the board approved the issuance of long-term infra bonds up to an amount of ₹10,000 crore during the 2026-27 financial year (FY27) in multiple tranches.

Lastly, it greenlit raising long-term funds by issuing foreign currency bonds up to an amount of $500 million in multiple tranches during FY27.