New Delhi: Public sector lender Bank of Maharashtra today reported a robust 23.14% year-on-year (YoY) rise in net profit, reaching ₹1,593 crore for the quarter ended June 30, 2025 (Q1FY26), as compared to ₹1,293 crore in the same quarter last year.
The strong bottom-line performance was backed by solid growth in operating income, improved asset quality, and a healthy uptick in advances.
Key Financial Highlights (Q1FY26 vs Q1FY25):
- Net Profit: ₹1,593 crore (↑23.14% YoY)
- Operating Profit: ₹2,570 crore (↑12.01%)
- Net Interest Income (NII): ₹3,292 crore (↑17.60%)
- Gross Advances: ₹2.41 lakh crore (↑15.34%)
- CASA Ratio: 50.07% of total deposits
- Gross NPA: 1.74% (vs 1.85% YoY)
- Net NPA: 0.18% (vs 0.20% YoY)
- Provision Coverage Ratio (PCR): 98.36%
Read Also: Bank of Maharashtra Reports 14.64% YoY Growth in Q1FY26 — Full Business Update Inside
Profitability Boosted by Lending Growth and Lower NPAs
The Bank’s Net Interest Income (NII) — a key measure of core lending operations — grew 17.60% YoY to ₹3,292 crore, supported by an expansion in loan book and better interest margin management. The bank’s Operating Profit rose to ₹2,570 crore, up from ₹2,294 crore a year ago.
Asset Quality Sees Marginal Improvement
The Gross Non-Performing Assets (GNPA) declined to 1.74%, an improvement over 1.85% in Q1FY25, indicating better recovery and monitoring. Notably, the Net NPA fell to 0.18%, one of the lowest among public sector banks, reflecting tight control on slippages.
The Provision Coverage Ratio (PCR) remained strong at 98.36%, providing a robust cushion against potential credit risks.
CASA and Advances on the Rise
The CASA ratio — the share of low-cost current and savings accounts — improved to 50.07%, showcasing customer stickiness and a healthy deposit base.
Meanwhile, Gross Advances surged to ₹2.41 lakh crore, reflecting a 15.34% growth YoY, highlighting continued credit demand across retail, MSME, and corporate segments.
Read Also: Bank of Maharashtra Partners with SBI Card to Launch Co-Branded Credit Cards
Outlook
With improved profitability, stable asset quality, and a strong CASA foundation, Bank of Maharashtra continues to reinforce its position among the most efficient PSBs. The consistency in low net NPAs and high provision coverage adds confidence to the bank’s future earnings sustainability.
About Bank of Maharashtra
Bank of Maharashtra (BOM) is a public sector bank in India, owned by the Ministry of Finance, Government of India. It was established on September 16, 1935, and commenced operations on February 8, 1936. BOM provides various banking services, including personal banking, cash management, retail loans, and other financial services.
