Bank of Maharashtra Q3 FY2025 Results: NII up 19% YoY, Net Profit up 35.83% YoY

Bank of Maharashtra has announced its financial results for the quarter ended December 31, 2024, showcasing solid growth in key metrics on both a QoQ and YoY basis.

Key Financial Highlights:

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  1. Interest Earned:
    • Q3 FY2025: ₹6,324.65 crore
    • Q2 FY2025: ₹6,017.38 crore (QoQ growth: 5.11%)
    • Q3 FY2024: ₹5,171.45 crore (YoY growth: 22.29%)
  2. Total Income:
    • Q3 FY2025: ₹7,112.43 crore
    • Q2 FY2025: ₹6,809.18 crore (QoQ growth: 4.46%)
    • Q3 FY2024: ₹5,851.34 crore (YoY growth: 21.56%)
  3. Net Profit for the Period:
    • Q3 FY2025: ₹1,406.45 crore
    • Q2 FY2025: ₹1,326.77 crore (QoQ growth: 6.01%)
    • Q3 FY2024: ₹1,035.51 crore (YoY growth: 35.83%)

Asset Quality:

  1. Gross NPA:
    • Declined to 1.80% in Q3 FY2025 from 1.84% in Q2 FY2025, reflecting improved recovery efforts and reduced stress in the loan book.
  2. Net NPA:
    • Remained steady at 0.20% QoQ, highlighting strong credit risk management.

Other Financial Metrics:

  1. Net Interest Income (NII):
    • Jumped 19% YoY to ₹2,944 crore from ₹2,465 crore in Q3 FY2024, demonstrating strong growth in core earnings.
  2. Provisions:
    • Q3 FY2025: ₹841 crore
    • Q2 FY2025: ₹822 crore
    • Q3 FY2024: ₹943 crore
    • The reduction in YoY provisions reflects lower credit costs and better asset quality.