Bank of Maharashtra Q1 FY26 results: Net profit rises 23% YoY to Rs 1,593 crore; NII grows 17% YoY to Rs 3,292 crore
The lender's standalone net profit stood at ₹1,593 crore, up 23% from ₹1,293 crore in the year-ago quarter. Net interest income (NII) increased by nearly 17% to ₹3,292 crore compared to ₹2,800 crore in Q1 FY25. Total income for the quarter rose to ₹7,879 crore, versus ₹6,769 crore in the corresponding period last year.
Gross non-performing assets (GNPA) remained stable at 1.74%, while net NPA also held steady at 0.18% sequentially, indicating continued focus on asset quality. Provisions (other than tax) and contingencies came in at ₹867 crore for the quarter, down from ₹983 crore in the preceding quarter.
The bank's return on assets (annualised) improved slightly to 1.80% from 1.72% in Q1 FY25, supported by improved profitability and contained operating expenses. Key Ratios – Q1 FY26 vs Q1 FY25 Gross NPA (%): 1.74% (unchanged YoY)
Net NPA (%): 0.18% (unchanged YoY)
Return on Assets (annualised): 1.80% (vs 1.72% YoY)
Paid-up Debt Capital/Outstanding Debt (%): 25.32% (vs 59.35% YoY)
Debt-to-Equity Ratio: 0.63 (vs 0.38 YoY)
The bank also reported a steady operating profit of ₹2,569 crore and noted lower provisioning needs, reflecting better risk management.
With improved core income, strong asset quality, and steady operational ratios, Bank of Maharashtra continues to strengthen its position in the Indian banking sector.
Disclaimer: The information provided here is for informational purposes only and should not be construed as investment advice. Stock market investments are subject to market risks. Please do your own research or consult a financial advisor before making any investment decisions. Neither the author nor the publisher is responsible for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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