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Bank of Maharashtra consolidated Q1 FY2023 net profit climbs to Rs. 452.20 crores



Posted On : 2022-07-18 14:32:08( TIMEZONE : IST )

Bank of Maharashtra consolidated Q1 FY2023 net profit climbs to Rs. 452.20 crores

has reported Consolidated financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 3774.66 crores during the period ended June 30, 2022 as compared to Rs. 3948.48 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 452.95 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 355.78 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 0.67 for the period ended June 30, 2022 as compared to Rs. 0.53 for the period ended March 31, 2022.

Financials Q1 FY2023 Q4 FY2022 % Change
Total Income ₹3774.66 crs ₹3948.48 crs Up Tick / Down Tick-4.40%
Net Profit ₹452.95 crs ₹355.78 crs Up Tick / Down Tick27.31%
EPS ₹0.67 ₹0.53 Up Tick / Down Tick26.42%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs.3774.66 crores during the period ended June 30, 2022 as compared to Rs.3790.60 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.452.95 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.213.79 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.0.67 for the period ended June 30, 2022 as compared to Rs.0.33 for the period ended June 30, 2021.

Financials Q1 FY2023 Q1 FY2022 % Change
Total Income ₹3774.66 crs ₹3790.60 crs Up Tick / Down Tick-0.42%
Net Profit ₹452.95 crs ₹213.79 crs Up Tick / Down Tick111.87%
EPS ₹0.67 ₹0.33 Up Tick / Down Tick103.03%

Asset Quality:

Asset Quality Q1 FY2023 Q4 FY2022 Q1 FY2022
Gross NPA ₹ 5259.62 crs ₹5327.21 crs ₹7021.63 crs
Gross NPA % 3.74% 3.94% 6.35%
Net NPA ₹1206.43 crs ₹1276.57 crs ₹2352.75 crs
Net NPA % 0.88% 0.97% 2.22%


Gross NPA was at ₹ 5259.62 crs in Q1 FY2023 against ₹ 7021.63 crs in Q1 FY2022. The same was at ₹ 5327.21 crs in Q4 FY2022.

Net NPA was at ₹ 1206.43 crs in Q1 FY2023 against ₹ 2352.75 crs in Q1 FY2022. The same was at ₹ 1276.57 crs in Q4 FY2022.

GNPA was at 3.74% of Gross advances as on June 30, 2022 as compared to 6.35% as on June 30, 2021 and 3.94% as of March 31, 2022.

Net NPA was at 0.88% of Gross advances as on June 30, 2022 as compared to 2.22% as on June 30, 2021 and 0.97% as of March 31, 2022.

Ratios Q1 FY2023 Q4 FY2022 Q1 FY2022
RoA % 0.81% 0.65% 0.43%
CAR (BASEL III) % 16.15% 16.48% 14.46%


Return on Average Assets (RoA) is at 0.81% for Q1 FY2023 against 0.65% in Q4 FY2022 and 0.43% in Q1 FY2022.

In Q1 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 16.15%, as compared to 16.48% in Q4 FY2022 and 14.46% in Q1 FY2022.

Source : Equity Bulls

Keywords

BankofMaharashtra Q1FY23 ResultUpdate