Bank of Maharashtra - Q3 Results Review - Nirmal Bang

- Results were good
- NII increased 10.2% QoQ and 22.8% YoY to Rs 792.3 cr
- Profit before provisioning increased 11.0% QoQ and 23.4% YoY
- Gross NPA was flat on QoQ basis whereas Net NPA improved 12.9% QoQ
- The stock is trading at P/BV of 0.96x

Source : Equity Bulls

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