Bank of Maharashtra profit jumps 41.42% to 2,310 crore rupees in second quarter
Key Facts
Bank of Maharashtra said on October 26 that its net profit reached 2,310 crore rupees in the second quarter of fiscal 2027, up 41.42% year on year from 1,633 crore rupees in the corresponding period a year earlier. Profit rose 14.33% from the first quarter, according to the bank’s quarterly results statement. The increase came alongside higher interest income and operating profit, as well as improved asset quality indicators. The bank said net interest income rose 21.76% year on year, reflecting continued growth in core lending, according to NDTV Profit. The results place quarterly profit growth within a broader expansion of the bank’s business in the three months ended September.
Net interest income was 3,954 crore rupees in the second quarter, compared with 3,248 crore a year earlier, marking a sequential increase of 4.89%. This item measures the difference between the bank’s income from loans and investments and its funding costs, and grew alongside an increase in loans and advances. Operating profit also rose 30.86% to 3,369 crore rupees from 2,574 crore in the second quarter of the previous fiscal year, and was up 8.07% from the preceding quarter. The cost-to-income ratio improved to 33.73%, compared with 37.10% a year earlier and 35.04% in the quarter ended June 2026. Return on assets was 2.02%, up from 1.82% in the corresponding period, while net interest margin was 3.97% domestically and 3.86% globally.
The bank’s total global business grew 25.16% to 7,05,766 crore rupees as of September 30, 2026. Global deposits rose 21.50% to 3,76,407 crore rupees, while total global advances climbed 29.61% to 3,29,359 crore. Net advances were 3,25,641 crore rupees, up 30.16% year on year. Within the portfolio, retail advances increased 20.91% to 94,582 crore rupees, and advances to micro, small and medium enterprises rose 24.69% to 58,049 crore. The figures reflect broader deposit and lending growth alongside increases in operating income and net profit.
The gross non-performing asset ratio improved to 1.25% at the end of September, from 1.72% a year earlier and 1.45% at the end of June 2026. The net non-performing asset ratio fell to 0.12%, compared with 0.18% in September 2025 and 0.13% in June 2026. The provision coverage ratio was 98.53%, up from 98.34% year on year, but slightly below 98.55% at the end of June. The bank also posted a return on equity of 26.98% in the second quarter. Capital adequacy stood at 18.51% on September 30, including 16.37% in Tier 1 capital.
For the first half ended September 30, net profit rose 34.22% to 4,330 crore rupees from 3,226 crore in the same period a year earlier. First-half operating profit increased 26.08% to 6,486 crore rupees, while net interest income rose 18.12% to 7,724 crore. In trading, the stock closed up 1.06% at 76.12 rupees on October 26, gaining 0.80 rupee from the previous close of 75.32 rupees, according to NDTV Profit. This close differs from the nearly 6% gain cited in the previous draft. The bank issued its performance statement on October 26, the date specified for the results in the report.