Shares of Bank of Maharashtra slipped more than 4% in Tuesday’s trade after the lender announced its Q2 FY25 results. As of 2:23 AM, the shares were trading 3.87% lower at Rs 55.35.
For the September quarter, the bank reported a 23.2% year-on-year (YoY) rise in net profit to ₹1,633 crore, compared to ₹1,327 crore in the same period last year. Net Interest Income (NII) climbed 15.7% YoY to ₹3,248 crore, against ₹2,807 crore in Q2 FY24, reflecting strong loan growth and better margins.
On the asset quality front, the Gross NPA ratio stood at 1.72%, slightly lower than 1.74% in the previous quarter, while the Net NPA remained stable at 0.18%. In absolute terms, Gross NPAs increased to ₹4,372 crore from ₹4,206 crore in the June quarter, and Net NPAs rose marginally to ₹442.1 crore from ₹434.4 crore.
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