Bank of Maharashtra Reports Strong Q1 FY27 Results with Net Profit Surging 26.84%
Bank of Maharashtra has reported a period of sustained growth in its first quarter of fiscal year 2027, driven by robust advances and improving profitability metrics. The bank’s Total Global Business grew by 19.10%, while Net Profit saw a notable increase of 26.84%.The financial results for the quarter ended June 30, 2026, show strong momentum across various operational areas. Total Global Business reached ₹6,50,457 crore, marking a 19.10% growth compared to the previous year. This was supported by Total Global Deposits increasing by 12.93% to ₹3,44,493 crore. Gross Global Advances expanded significantly, growing by 26.90% and reaching ₹3,05,964 crore.
Operational Highlights for Q1 FY27
Key metrics related to the bank's overall operation and financial health include:| Metric | Value (Q1 FY27) | Status |
|---|---|---|
| Total Global Business | ₹6,50,457 crore | Up 19.10% Y-o-Y |
| Total Global Deposits | ₹3,44,493 crore | Up 12.93% Y-o-Y |
| Gross Global Advances | ₹3,05,964 crore | Up 26.90% Y-o-Y |
| Domestic Credit Deposit (CD) Ratio | 86.58% | - |
| Operating Profit | ₹3,117 crore | Up 21.29% Y-o-Y |
| Net Profit | ₹2,020 crore | Up 26.84% Y-o-Y |
Profitability and Income Generation
Bank of Maharashtra achieved a Net Profit of ₹2,020 crore in Q1 FY27, which is substantially higher than the ₹1,593 crore reported for Q1 FY26, representing a 26.84% increase year-on-year (Y-o-Y). Sequentially (Q-o-Q), the Net Profit saw a 0.31% rise.The bank's Operating Profit grew by 21.29% on a Y-o-Y basis, reaching ₹3,117 crore from ₹2,570 crore in Q1 FY26. Furthermore, Net Interest Income (NII) increased by 14.53% to ₹3,770 crore for the quarter.
Other profitability indicators demonstrated improvement:
- Return on Assets (ROA) improved to 1.90%, up from 1.80% in Q1 FY26.
- Return on Equity (ROE) reached 24.65%.
- The Cost to Income Ratio stood at 35.04% for Q1 FY27, improving compared to 37.57% in the previous year.
Asset Quality and Capital Adequacy
The bank maintained a strong stance on asset quality management. Gross Non-Performing Assets (NPA) declined to 1.45%, down from 1.74% as of June 2025. Net NPA was also reduced to 0.13%, compared to 0.18% in the previous financial year. The Provision Coverage Ratio improved, standing at 98.55% as on June 30, 2026, an increase from 98.36% recorded in Q1 FY26.Regarding capital adequacy, the bank's Basel III Capital adequacy ratio stood at 18.64%, with a Common Equity Tier 1 ratio of 15.56%.
The financial status as on June 30, 2026:
| Liabilities/Assets | Value (As on Jun 30, 2026) |
|---|---|
| Total Global Deposits | ₹344,493 crore |
| Net Advances | ₹301,934 crore |
| Cash and Balances with Reserve Bank of India | ₹14,880 crore |
| Investments | ₹100,476 crore |
MAHABANK Stock Price Movement
Shares of Bank of Maharashtra are edging higher to ₹82.41 as of 2:44 PM today after rallying 0.49% on strong buying interest. The stock trades amid high activity, with over 46.07 million shares transacted in the market so far this afternoon.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.