Bank of Maharashtra Reports Q1 FY27 Results: Standalone Net Profit Rises 27 Per Cent to Rs 2,020 Crore; Share Price Nearly 3%

On Friday, Indian equity benchmarks ended higher, with the benchmark Nifty 50 index rising 1.00 per cent to 24,202.75. Amid the positive market sentiment, Bank of Maharashtra share price jumps 2.67 per cent to close at Rs 84.20 after the PSU lender reported strong standalone financial results for the quarter ended June 30, 2026.

Standalone Q1 FY27 Financial Performance

Bank of Maharashtra reported a 26.84 per cent year-on-year increase in standalone net profit to Rs 2,020 crore for Q1 FY27, compared with Rs 1,593 crore in the corresponding quarter last year. Operating profit rose 21.29 per cent to Rs 3,117 crore, while net interest income (NII) increased 14.53 per cent to Rs 3,770 crore, reflecting healthy growth in its core lending business. Total income for the quarter stood at Rs 9,063 crore, up 15.03 per cent year-on-year.

Asset Quality Improves Further

The bank continued to strengthen its asset quality during the quarter. Gross NPA improved to 1.45 per cent from 1.74 per cent a year ago, while Net NPA declined to 0.13 per cent from 0.18 per cent. The Provision Coverage Ratio (PCR) improved to 98.55 per cent, highlighting the bank's strong provisioning position. In addition, Return on Assets (ROA) improved to 1.90 per cent, while Return on Equity (ROE) increased to 24.65 per cent.
Also Read - Indian Bank Reports Q1 Results: Standalone Net Profit Rises 10% to Rs 3,273 Crore; Share Price Jumps Nearly 10%

Business Growth Remains Strong

Bank of Maharashtra's total global business increased 19.10 per cent year-on-year to Rs 6.50 lakh crore. Global deposits grew 12.93 per cent to Rs 3.44 lakh crore, while gross global advances registered a robust 26.90 per cent growth to Rs 3.06 lakh crore. Net advances increased 27.22 per cent to Rs 3.02 lakh crore, supported by healthy growth across retail, agriculture and MSME lending.

Balance Sheet Highlights

The bank's standalone balance sheet remained strong during the quarter. Reserves and surplus increased to Rs 27,884 crore from Rs 22,501 crore a year ago, while total assets expanded to Rs 4.26 lakh crore from Rs 3.67 lakh crore. The bank also maintained a healthy Capital Adequacy Ratio (CRAR) of 18.64 per cent, with Tier I capital at 16.35 per cent, providing a comfortable capital buffer for future growth.

However, the CASA ratio declined to 48.51 per cent as on June 30, 2026, from 50.07 per cent a year ago, even as CASA deposits grew 9.26 per cent YoY to Rs 16,687.5 crore.

About Bank of Maharashtra

Bank of Maharashtra is a leading public sector bank headquartered in Pune, Maharashtra. Established in 1935, the bank offers a comprehensive range of retail, corporate, MSME, agriculture and digital banking services through an extensive branch network across India.

The bank has consistently focused on improving asset quality, strengthening profitability and expanding its loan book while maintaining strong capital adequacy. Its continued emphasis on retail and MSME lending, coupled with disciplined risk management, has supported sustained growth in earnings and business performance.

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Disclaimer: The article is for informational purposes only and not investment advice.