Bank of Maharashtra shares rise post Q1 business updates; check details

The state-owned bank’s credit growth increased 15.36% to ₹2.41 lakh crore in the April to June quarter of financial year 2025-26 as compared to ₹2.09 lakh crore in the same quarter of the previous fiscal year.

The Pune-headquartered lender reported a 14.08% increase in total deposits to ₹3.09 lakh crore in the reporting quarter against ₹2.67 lakh crore at the end of the first quarter of the previous financial year.

As a result, the total business (total credit and deposits) of the bank registered an increase of 14.64% to ₹5.46 lakh crore compared with ₹4.67 lakh crore at the end of June 30, 2024.

During the latest quarter, it said, the Current Accounts and Savings Accounts (CASA) ratio rose to 50.07% of the total deposits against 47.86% in the same period of the preceding financial year.

The credit-deposit ratio increased to 79.04% in the first quarter compared with 78.17% in the year-ago period.

Following the development, Bank of Maharashtra shares settled at ₹57.41 apiece on the National Stock Exchange, rising 0.38%.

Over the last five trading days, shares of the PSU bank rose over 3%. Since January 6, 2025, which is six months, the stock has climbed 9%.

Its market capitalisation stands at ₹44,157.22 crore.

The PSU Bank had reported a 22.6% jump in its standalone net profit of ₹1,493.08 crore for the fourth quarter of FY25, rising from ₹1,217.67 crore in the same quarter last year.

Its total income in Q4 FY25 rose to ₹7,711.44 crore from ₹6,488.25 crore a year ago.

In terms of asset quality, the gross non-performing asset (GNPA) ratio improved to 1.74% as of March 31, 2025, from 1.88% a year ago and 1.80% in the preceding quarter.

The net NPA ratio declined to 0.18% from 0.20% both a year ago and in the previous quarter.

For the full year FY25, Bank of Maharashtra's net profit grew 36% to ₹5,519.79 crore in contrast to ₹4,055.03 crore in FY24. Provisioning for NPA gained to ₹2,417.32 crore in FY25 from ₹2,174.27 crore the previous year.