Bank of Maharashtra reported a 22.6% year-on-year (YoY) rise in net profit at ₹1,493 crore for the quarter ended March 31, 2025, compared to ₹1,218 crore in the same period last year. The bank’s performance was driven by strong growth in core income and continued improvement in asset quality.
The bank’s Net Interest Income (NII) rose 20.6% YoY to ₹3,116.7 crore, up from ₹2,584.4 crore in Q4 FY24, reflecting better credit offtake and stable margins.
Asset quality also saw marginal improvement:
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Gross NPA ratio declined to 1.74%, from 1.80% in the previous quarter
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Net NPA ratio reduced to 0.18%, from 0.20% in Q3 FY25
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In absolute terms, Gross NPAs rose slightly to ₹4,184.5 crore (vs ₹4,124 crore QoQ)
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Net NPAs stood at ₹432 crore (vs ₹443 crore QoQ)
Bank of Maharashtra continues to demonstrate robust financial health, maintaining one of the lowest NPA ratios in the public sector banking space.
