
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:
- 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%)
- 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%)
- 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:
- 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.
- Net NPA:
- Remained steady at 0.20% QoQ, highlighting strong credit risk management.
Other Financial Metrics:
- Net Interest Income (NII):
- Jumped 19% YoY to ₹2,944 crore from ₹2,465 crore in Q3 FY2024, demonstrating strong growth in core earnings.
- 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.