Pune, January 13, 2026: Bank of Maharashtra (NSE: MAHABANK, BSE: 532525) reported a strong set of financial results for the quarter ended December 31, 2025, posting a 26.5 percent year-on-year rise in net profit to ₹1,779 crore, supported by robust credit growth, steady improvement in margins, and a continued decline in stressed assets.
The public sector lender also announced an interim dividend of ₹1 per equity share for the ongoing financial year, reflecting improved profitability and balance sheet strength.
Strong Business Growth Drives Performance
During the December quarter, the bank’s total business expanded by 17.24 percent year-on-year to ₹5,95,163 crore. Total deposits grew 15.29 percent to ₹3,21,661 crore, while global gross advances rose 19.62 percent to ₹2,73,502 crore, led by healthy traction across retail, agriculture, and MSME segments.Retail advances recorded a sharp growth of 36.4 percent year-on-year, underscoring the bank’s focus on granular lending and higher-yielding portfolios. The RAM segment as a whole grew 20.26 percent over the same period.
Profitability Improves Across Key Metrics
Net interest income for the quarter increased 16.27 percent year-on-year to ₹3,422 crore, aided by improved asset yields and balance sheet expansion. Operating profit rose 18.78 percent to ₹2,736 crore, while net revenues climbed 16.73 percent to ₹4,355 crore.The bank’s cost efficiency continued to improve, with the cost-to-income ratio declining to 37.19 percent from 38.27 percent in the corresponding quarter last year.
Return ratios remained strong, with return on assets improving to 1.86 percent and return on equity rising to 23.79 percent during the quarter.
Asset Quality Remains Robust
Asset quality indicators showed further improvement. Gross non-performing assets declined to 1.60 percent as of December 31, 2025, compared with 1.80 percent a year earlier. Net NPA moderated to 0.15 percent from 0.20 percent in the same period last year.The provision coverage ratio improved to a healthy 98.41 percent, providing additional comfort on balance sheet resilience. The bank continues to maintain cumulative pandemic-related provisions of ₹1,200 crore.
Nine-Month Performance Reflects Consistency
For the nine months ended December 31, 2025, Bank of Maharashtra reported a net profit of ₹5,005 crore, an increase of ₹979 crore over the corresponding period last year. Operating profit for the period grew 15.89 percent to ₹7,880 crore, while net interest income rose 16.52 percent to ₹9,962 crore.Fee-based income increased 11.29 percent year-on-year to ₹1,364 crore, contributing to diversified revenue streams.
Capital Position and Balance Sheet
The bank’s capital adequacy remained comfortable, with the capital adequacy ratio at 17.06 percent as of December 31, 2025. The balance sheet expanded steadily, with total assets rising to ₹3,93,224 crore from ₹3,29,695 crore a year earlier, driven by growth in advances and investments.Interim Dividend Declared
The board approved an interim dividend of 10 percent, translating to ₹1 per equity share of face value ₹10, for the current financial year. The payout underscores management’s confidence in earnings visibility and capital position.About the Company
Bank of Maharashtra is a public sector bank with a nationwide presence, offering a comprehensive range of banking and financial services across retail, corporate, agriculture, and MSME segments. The bank is listed on both the BSE and the NSE and continues to focus on sustainable growth, asset quality improvement, and profitability enhancement.Source:
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