&w=3840&q=100)
Bank of Maharashtra shares rise 3% on posting Q1 results; check details
At 2 PM, Bank of Maharashtra shares were quoting at ₹57.13, up 1.87 per cent compared to the previous day's close of ₹56.08. In comparison, the benchmark NSE Nifty50 index was trading at 25,177.75 levels, up 93.65 points or 0.37 per cent.
The stock has recovered around 37 per cent from its 52-week low of ₹42 touched on April 7, 2025. The bank's total market capitalisation stood at ₹42,872.63 crore.
Here's why Bank of Maharashtra shares are rising today
Bank of Maharashtra's share price increased on Tuesday after the bank posted upbeat numbers for the June quarter of the financial year 2025-26 (Q1FY26).
The public sector lender's net interest income (NII) increased by 18 per cent to ₹3,292 crore compared to ₹2,800 crore in the year-ago period.
Net profit for the reported quarter jumped 23 per cent to ₹1,593 crore from ₹1,293 crore in the corresponding quarter of the previous fiscal. However, the bank's asset quality remained unchanged on a sequential basis. Gross non-performing assets (NPA) stood at 1.74 per cent while net NPA came in at 0.18 per cent.
Provisions for the reported quarter came in at ₹867.41 crore compared to ₹983.29 crore in the March 2025 quarter (Q4FY25).
The bank's net interest margins (NIM) stood at 3.95 per cent, down from 4.01 per cent in Q4FY25.
Total slippages for the quarter stood at ₹727 crore at the end of the June quarter, compared to ₹660 crore in the March quarter.
About Bank of Maharashtra
Bank of Maharashtra is a public sector bank (PSB) based in Maharashtra. It offers personal banking, cash management, retail loans and other financial services. Their services include deposits, savings/current bank accounts, vehicle loans, personal loans, retail trade finance, global banking, lending to priority sector and small-scale sectors, foreign exchange, export finance, corporate loans and equipment loans.
The bank also has one subsidiary, "The Maharashtra Executor & Trustee Company", which undertakes the management of public/ private trusts and the administration or execution of a Will. They also sponsored three Regional Rural Banks (RRBs), namely Aurangabad Jalna Gramin Bank, Thane Gramin Bank and Marathwada Gramin Bank, with head offices at Aurangabad, Thane and Nanded, respectively. Bank of Maharashtra was incorporated on September 16, 1935 and started its business on February 8, 1936.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Q1 results today: L&T, Asian Paints, Varun Beverages, NTPC on July 29
Q1 FY26 company results today: ASK Automotive, Bank of India, GHCL Textiles, Lloyds Engineering Works, and Zee Media will release their April-June quarter earnings reports on July 29 Apexa Rai New Delhi Larsen & Toubro (L&T), Asian Paints, Varun Beverages, NTPC, and Bank of India are scheduled to announce their earnings report for the first quarter (Q1) of the financial year 2025-26 (FY26) on Tuesday. A host of other companies, including SK Automotive, Star Health, Allied Insurance Company, Blue Dart Express, GHCL Textiles, Lloyds Engineering Works, and Zee Media, are expected to declare their Q1 results today. Adani Green Energy Q1 results highlights Adani Green Energy reported a consolidated net profit of ₹713 crore in Q1FY26, up 60 per cent year-on-year (Y-o-Y) from ₹446 crore. Sequentially, profit rose 210 per cent from ₹230 crore in Q4FY25. Revenue from power supply grew 31 per cent Y-o-Y to ₹3,312 crore, compared to ₹2,528 crore last year. On a sequential basis, revenue rose 24.2 per cent from ₹2,666 crore. IndusInd Bank Q1 results highlights IndusInd Bank reported a 72 per cent Y-o-Y decline in net profit to ₹604 crore in Q1FY26, impacted by increased provisions for retail loans and lower core and non-core income. In the previous quarter (Q4 FY25), the bank reported a ₹2,329 crore loss due to heavy provisioning and the reversal of misbooked revenues linked to accounting issues in derivatives and microfinance. Net interest income fell 14 per cent YoY to ₹4,640 crore on a shrinking loan book but rose 52 per cent sequentially. Other income declined 12 per cent YoY to ₹2,157 crore. Market close highlights from July 28 The benchmark equity indices ended in the red on Monday, weighed down by selling across banking, IT, and realty sectors. The BSE Sensex declined 572.07 points, or 0.70 per cent, to close at 80,891, while the NSE Nifty50 dropped 156.10 points, or 0.63 per cent, to settle at 24,680.90. Market overview for July 29 Domestic equities are expected to remain cautious as uncertainty over a potential trade agreement with the United States continues to weigh on investor sentiment, coupled with persistent selling by foreign portfolio investors (FPIs). At 8:15 am, the GIFT Nifty was down 0.2 per cent, indicating a subdued opening for Indian markets. Benchmark indices are likely to follow cues from broader Asian markets, which are under pressure ahead of this week's tariff deadline. The MSCI Asia Pacific Index declined by 0.68 per cent. Japan's Nikkei slipped 0.78 per cent, while South Korea's Kospi edged down 0.02 per cent. Allied Blenders and Distillers Ltd Alan Scott Enterprises Ltd Amber Enterprises India Ltd Apar Industries Ltd Arvind Ltd Asahi Songwon Colors Ltd Asian Paints Ltd ASK Automotive Ltd Bank of India Basant Agro Tech India Ltd BFL Asset Finvest Ltd Bharat Gears Ltd Bharat Seats Ltd Bliss GVS Pharma Ltd Blue Dart Express Ltd John Cockerill India Ltd Comfort Commotrade Ltd Comfort Fincap Ltd Craftsman Automation Ltd Dilip Buildcon Ltd DB International Stock Brokers Ltd Deepak Fertilisers & Petrochemicals Corporation Ltd D.P. Abhushan Ltd Dalal Street Investments Ltd Eiko Lifesciences Ltd Electrotherm (India) Ltd Emami Paper Mills Ltd Entertainment Network (India) Ltd Foseco India Ltd Gabriel India Ltd-$ Gallantt Ispat Ltd Gateway Distriparks Ltd Gayatri BioOrganics Ltd GHCL Textiles Ltd GMR Airports Ltd Golkunda Diamonds & Jewellery Ltd Greenply Industries Ltd Gujarat Poly Electronics Ltd GE Vernova T&D India Ltd Happiest Minds Technologies Ltd HeidelbergCement India Ltd Hind Rectifiers Ltd IFB Industries Ltd IFL Enterprises Ltd International Gemmological Institute India Ltd Invigorated Business Consulting Ltd iStreet Network Ltd Jagran Prakashan Ltd Jasch Industries Ltd Jasch Gauging Technologies Ltd J. Kumar Infraprojects Ltd Jubilant Pharmova Ltd Kolte-Patil Developers Ltd Kopran Ltd Lloyds Engineering Works Ltd Larsen & Toubro Ltd Mahaveer Infoway Ltd Manaksia Steels Ltd Martin Burn Ltd Master Trust Ltd Mather and Platt Fire Systems Ltd Mysore Paper Mills Ltd Naperol Investments Ltd National Plastic Technologies Ltd The New India Assurance Company Ltd NRB Industrial Bearings Ltd Nilkamal Ltd Nalin Lease Finance Ltd Northern Arc Capital Ltd Novartis India Ltd National Peroxide Ltd NTPC Ltd Odyssey Technologies Ltd Parshva Enterprises Ltd Piramal Enterprises Ltd Pil Italica Lifestyle Ltd Quadrant Future Tek Ltd Radhika Jeweltech Ltd Remi Edelstahl Tubulars Ltd Robust Hotels Ltd Rushabh Precision Bearings Ltd Shardul Securities Ltd Siyaram Silk Mills Ltd S.J.S. Enterprises Ltd Stanpacks India Ltd Strides Pharma Science Ltd Star Health and Allied Insurance Company Ltd Summit Securities Ltd Timex Group India Ltd Tirupati Starch & Chemicals Ltd Triveni Engineering & Industries Ltd Vanta Bioscience Ltd Varun Beverages Ltd Vertex Securities Ltd V-Guard Industries Ltd Viksit Engineering Ltd Voltamp Transformers Ltd Welspun Corp Ltd Zee Media Corporation Ltd
India Today
an hour ago
- India Today
Sensex opens 200 points lower, Nifty below 24,700; Infosys down 1%
Benchmark stock market indices opened lower on Tuesday, dragged by a decline in IT stocks pushing the market down. Trade deal uncertainty between India and US is also weighing in on the market. The S&P BSE Sensex was down by 62.31 points to 80,828.71, while the NSE Nifty50 lost 7.20 points to 24,673.70 as of 9:26 VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said that there are more headwinds than tailwinds for the market now."The major issue weighing on markets is that the expected trade deal between India and the US has not happened so far and the probability of a deal before the August 1 deadline is becoming lower. President Trump's success in reaching deals with Japan and EU, which were advantageous for the US, may further make the US position harder on deal with India," he added. advertisementSustained FII selling is impacting the market despite the DII buying. It is better to remain in a wait and watch mode.- Ends
New Indian Express
14 hours ago
- New Indian Express
Dalal Street disaster: Rs 12 lakh crore wiped out in three days as bears take over
Equity market investors lost nearly Rs 12 lakh crore over the past three trading sessions as Dalal Street succumbed to intense bearish pressure. Weak Q1FY26 earnings and delays in the India-US trade deal have dampened investor sentiment, triggering a sharp sell-off. The benchmark BSE Sensex plunged 1,836 points (2.2%), while the NSE Nifty50 dropped 2.1% during this period. The sentiments have further been weighed down by TCS's announcement of 12,000 job cuts and a relentless selling by foreign institutional investors (FIIs). Data for this month, up to 25th July, shows a net FII sell figure of Rs 20,262 crores. On Monday, they offloaded (net sales) shares worth Rs 5,876.76 crore. 'Markets are currently grappling with headwinds on both domestic and global fronts. On the domestic side, earnings disappointments and persistent foreign fund outflows are dampening sentiment,' said Ajit Mishra – SVP, Research, Religare Broking. Mishra added that in the banking space, earlier resilience had helped limit the decline but renewed pressure across the sector—except for heavyweights ICICI Bank and HDFC Bank—is adding to participants' concerns. Banking stocks came under severe pressure on Monday after Kotak Mahindra Bank plunged over 7% to close at Rs 1,966 following weak Q1 results. Other lenders, including IndusInd Bank, PNB, SBI, and Bank of Baroda, declined 1–3%. Mishra added that globally, uncertainty surrounding trade deals, despite strength in the US markets, is contributing to the cautious approach. Vinod Nair, Head of Research, Geojit Investments, said that in contrast to domestic market performance, global markets remain broadly positive, supported by US-EU trade developments that are perceived as less concerning than anticipated.
