Bank of Maharashtra shares gain over 5% after robust Q1 FY25 results

The net interest income (NII) also increased to ₹2,799 crore in the quarter under review as against ₹2,340 crore in the corresponding period last year, reflecting a 19.6% growth year-on-year (YoY).

The gross non-performing asset (GNPA) declined to 1.85% in Q1 FY25 as against 1.88% in the fourth quarter of financial year 2023–24, the bank said in a regulatory filing.

The net NPA ratio remained unchanged at 0.20% quarter-on-quarter (QoQ).

The Bank of Maharashtra's fee based income rose 12.1% YoY to ₹368 crore for the April-June quarter, while the non-interest income improved 42.1% to ₹894 crore in Q1 FY25.

Gross advances also grew by 18.9% to ₹2,09,031 crore in Q1 FY25 as against ₹1,75,676 crore in Q1 FY24. Capital adequacy ratio of the bank declined to 17.04 per cent from 18.07 per cent in the same quarter of FY24.

Bank of Maharashtra Q1 results: Stock rises

Following the results announcement, shares of Bank of Maharashtra were trading 5.3% higher at ₹68.5 on the National Stock Exchange.

Year to date, the stock has increased 51.9%, while it has gained 124.3% in the past year.