Bank of Maharashtra Reports Strong Financial Performance for Quarter and Year Ended March 31, 2026
Bank of Maharashtra announced its financial results for the quarter and year ended March 31, 2026, highlighting significant growth across its key operational and profitability metrics.Year-End Financial Highlights (March 31, 2026 vs. March 31, 2025)
On a full-year basis, the bank's Total Business saw robust growth of 17.47 %, reaching ₹ 642,531 crore. Total Deposits increased by 14.14 % to ₹ 350,564 crore, while Gross Advances grew by 21.74 %, totaling ₹ 291,967 crore.
The bank recorded a notable increase in its operating results. Operating profit grew by 16.17 % to ₹ 10,826 crore. Net Profit registered a 27.17 % increase, reaching ₹ 7,019 crore. Net Interest Income (NII) increased by 17.13 % to ₹ 13,664 crore.
Asset quality indicators also showed improvement. Gross Non-Performing Assets (NPA) declined to 1.45 %, and Net NPA reduced to 0.13 %. The Provision Coverage Ratio improved to 98.59 %.
Q4 FY26 Profitability Deep Dive
Focusing on the fourth quarter (Q4FY26), the bank's Net Profit grew by 34.89 % year-on-year, achieving ₹ 2,014 crore, up from ₹ 1,493 crore in Q4FY25. Operating Profit showed a year-on-year growth of 16.92 %, reaching ₹ 2,946 crore (up from ₹ 2,520 crore in Q4FY24), and improved by 7.69 % sequentially.
Net Interest Income grew by 18.81 % year-on-year, clocking in at ₹ 3,702 crore (compared to ₹ 3,116 crore in Q4FY25).
Capital Structure and Assets
As of March 31, 2026, the bank’s Total Basel III Capital adequacy ratio stood at 18.36 %, with the Common Equity Tier 1 ratio at 14.59 %.
The bank's asset quality remains strong, with Gross NPA improving to 1.45 % as of March 31, 2026, compared to 1.74 % on March 31, 2025. Net NPA improved to 0.13 % (from 0.18 % on the same date), and the Provision Coverage Ratio was maintained at 98.59 %.
The bank's top-line business data for the quarter and year ended March 31, 2026, reflects the following growth:
| Particulars | Mar 25 | Mar 26 | Growth (%) Y-o-Y |
|---|---|---|---|
| Total Business | 546,979 | 642,531 | 17.47 |
| Deposits | 307,143 | 350,564 | 14.14 |
| of which CASA | 163,657 | 184,087 | 12.48 |
| Gross Advances | 239,837 | 291,967 | 21.74 |
Profitability Overview (₹ in crore)
The profitability metrics demonstrate solid year-over-year performance:
| Particulars | Quarter Ended Mar 25 | Quarter Ended Mar 26 | Y-o-Y Change (%) |
|---|---|---|---|
| Total Income | 7,711 | 8,693 | 12.73 |
| Operating Profit | 2,520 | 2,946 | 16.92 |
| Net Profit | 1,493 | 2,014 | 34.89 |
For the full year ended March 31, 2026, the financial results are as follows:
| Particulars | Mar 25 | Mar 26 | Y-o-Y Change (%) |
|---|---|---|---|
| Total Business | 546,979 | 642,531 | 17.47 |
| Total Deposits | 307,143 | 350,564 | 14.14 |
| Gross Advances | 239,837 | 291,967 | 21.74 |
Balance Sheet Data (₹ in crore)
The consolidated Balance Sheet figures show the following structure:
| LIABILITIES | Mar 25 | Mar 26 |
|---|---|---|
| Capital | 7,692 | 7,692 |
| Reserves and Surplus | 20,798 | 25,416 |
| Deposits | 307,143 | 350,564 |
| Borrowings | 23,852 | 35,234 |
| Other Liabilities & Provisions | 9,658 | 8,457 |
| TOTAL | 369,142 | 427,363 |
| ASSETS | Mar 25 | Mar 26 |
|---|---|---|
| Cash and Balances with Reserve Bank of India | 37,993 | 26,645 |
| Balances with Banks and Money at Call & Short Notice | 4,202 | 1,100 |
| Investments | 82,005 | 101,480 |
| Advances (Net) | 236,084 | 288,104 |
| Fixed Assets | 2,916 | 2,962 |
| Other Assets | 5,943 | 7,071 |
| TOTAL | 369,142 | 427,363 |
The bank also announced a proposed final dividend of 12% (i.e., @ 1.20 per equity share) for the year 2025-26, in addition to the interim dividend declared and paid at 10%, equating to ₹ 1.00 per share.
MAHABANK Stock Price Movement
Shares of Bank of Maharashtra are surging in live trading, gaining 3.85% to reach ₹75.53 as of 3:11 PM. The momentum is strong, pushing the stock to touch its 52-week high mark on a volume of 37.91 million shares traded.Source:
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