Bank of Maharashtra reported a strong set of numbers for the quarter ended March 31, 2026, supported by robust growth across business segments, improved asset quality, and a solid capital position.
Net profit for Q4FY26 came in at ₹2,014.1 crore, rising 34.9% from ₹1,493.1 crore in the corresponding quarter last year. The earnings growth was backed by steady core income expansion and better operational efficiency.
Net Interest Income (NII) stood at ₹3,702.5 crore for the quarter, calculated from interest earned of ₹7,755.2 crore and interest expended of ₹4,052.7 crore. This marks an 18.9% year-on-year increase from ₹3,114.3 crore, reflecting healthy credit growth and stable margins.
Operating profit also strengthened, rising to ₹2,946.1 crore compared to ₹2,519.7 crore in Q4FY25, further supporting bottom-line growth.
On the business front, the bank delivered strong expansion across key segments. Total business grew 17.47% year-on-year to ₹6,42,531 crore. Total deposits increased 14.14% to ₹3,50,564 crore, while gross advances rose 21.74% to ₹2,91,967 crore. Net advances grew 22.03% to ₹2,88,104 crore, indicating strong credit demand and loan book expansion.
The RAM (Retail, Agriculture, and MSME) segment continued to drive growth, with overall RAM business increasing 20.74% year-on-year. Retail advances saw sharp growth of 32.39%, reaching ₹85,857 crore, while MSME advances rose 10.71% to ₹53,547 crore, highlighting diversified credit expansion.
The bank also maintained a strong capital position. As of March 31, 2026, the total Basel III Capital Adequacy Ratio improved to 18.36%, with a Common Equity Tier 1 (CET1) ratio of 14.59%, providing a comfortable buffer for future growth.
Asset quality improved both sequentially and on a year-on-year basis. Gross NPA declined to 1.45% as of March 31, 2026, compared to 1.74% a year ago and 1.60% in the previous quarter. Net NPA improved to 0.13% from 0.18% last year and 0.15% in the December quarter. The Provision Coverage Ratio stood at 98.59%, up from 98.26% a year ago, indicating strong provisioning buffers.
In line with its improved financial performance, the bank has proposed a final dividend of 12% (₹1.20 per equity share) for FY2025-26. This is in addition to the interim dividend of 10% (₹1.00 per share) already paid during the year.