Bank of Maharashtra Q1 results: Net profit jumps to Rs 1,593 crore; net NPA at 0.18%

Bank of Maharashtra on Tuesday reported its April-June quarter results with a 23.14 per cent increase in net profit to Rs 1,593 crore on a year-on-year basis while the operating profit jumped by 12.03 per cent to Rs 2,570 crore in Q1 FY26 vis-a-vis Rs 2,294 crore during the same period in the previous fiscal. The bank’s total income for the previous quarter increased by 16.40 per cent to Rs 7,879 crore while Net Interest Income (NII) grew by 17.60 per cent to Rs 3,292 crore from Rs 2,799 crore in Q1 FY25, according to the bank’s post earnings release.

The asset quality of the state-run lender improved with Gross NPA ratio dropping to 1.74 per cent as of June 30, 2025 from 1.85 per cent as of June 30, 2024. Net NPA also improved from 0.20 per cent from Q1 last fiscal to 0.18 per cent in Q1 FY26.

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Bank reported 14.63 per cent to Rs 546,143 crore in its total business with gross advances increased by 15.34 per cent to Rs 241,097 crore. Its retail, agriculture, MSME (RAM) business improved to 62.10 per cent of gross advances with retail advances scaling by 35.37 per cent to Rs 71,966 crore and MSME advances growing by 5.65 per cent to Rs 44,967 crore. 

Bank’s total deposits grew by 14 per cent to 305,046 crore as of June 2025 from Rs 267,416 crore as of June 2024 while CASA deposits improved to Rs 152,738 crore -- 50.07 per cent of total deposits. Its gross advances jumped by 15.34 per cent to Rs 241,097 crore. 

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Moreover, the Cost to Income Ratio stood at 37.57 per cent for Q1 FY26, vis-a-vis 37.87 per cent in Q1 FY25 while Return on Assets (ROA) improved to 1.80 per cent from 1.72 per cent during the said period and Return on Equity (ROE) dropped to 23 per cent in Q1 FY26 from 27.62 per cent in Q1 FY25.