Bank of Maharashtra shares rise over 5% after Q2 net profit rises 23%

At 11:27 AM, shares of Bank of Maharashtra were trading 4.48% higher at ₹57.52 per equity share on the National Stock Exchange (NSE).

Bank of Maharashtra reported a net profit of ₹1,633 crore for the second quarter of the current financial year, an increase of 23% from ₹1,327 crore in the same period last year. The growth in profit was supported by lower provisioning for bad loans and higher interest income.

Meanwhile, provisions for non-performing assets (NPAs) fell 2.5% year-on-year to ₹583 crore from ₹598 crore. Net interest income, or the difference between interest earned on loans and paid on deposits, rose 16% to ₹3,248 crore in the July-September quarter from ₹2,807 crore in the year-ago period.

In absolute terms, the bank’s gross NPAs stood at ₹4,372 crore, compared with ₹4,010 crore in the same quarter last year, indicating a slight rise in overall bad loans.

During the first half of the current financial year, the lender reported 178 fraud cases involving ₹155.08 crore, with a loss of ₹133.73 crore. The bank said it has maintained 100% provisioning against the reported loss. For digital payment frauds amounting to ₹1.04 crore, the amounts were reimbursed to customers by debiting the profit and loss account, requiring no additional provisioning.

In the same period, the Reserve Bank of India imposed penalties of ₹35 lakh on the bank, which have been fully provided for as of September 30, 2025, the Pune-based state-run lender said.

Bank of Maharashtra share price

In the last five trading sessions, Bank of Maharashtra shares have edged up 0.40% and gained 4.13% over the past month. Over the past six months, the stock has rose 23.90%, and on a year-to-date basis, it remains up by 8.44%.

The company’s shares hit a 52-week high of ₹59.85 on December 5, 2024, and a 52-week low of ₹42 on April 7, 2025. As of October 15, Bank of Maharashtra’s market capitalisation stood at ₹43,872.63 crore.