Stock Report

Bank of Maharashtra Reports Record Net Profit of ₹7,017 Crore for FY26

Posted On : 2026-04-20 23:11:31( TIMEZONE : IST )

Bank of Maharashtra (NSE: MAHABANK), a premier public sector lender, has announced stellar consolidated financial results for the quarter and fiscal year ended March 31, 2026. The bank has achieved a major milestone, reporting a full-year net profit of ₹7,016.86 crore, representing a 26.6% growth over the previous fiscal year.

The results highlight a significant improvement in asset quality and a robust increase in interest income, cementing the bank's position as one of the most efficient players in the public sector banking space.

Annual Financial Performance (FY26 vs. FY25)

The bank's full-year performance shows consistent growth across all core banking parameters:

Total Income: Surged to ₹32,823.72 crore, compared to ₹28,402.61 crore in FY25.

Net Profit: Jumped to ₹7,016.86 crore from ₹5,541.78 crore in the prior year.

Net Interest Income Growth: Interest earned from advances and bills grew to ₹22,490.31 crore, up from ₹19,291.51 crore, reflecting healthy credit off-take.

Earnings Per Share (EPS): Increased to ₹9.12, significantly higher than the ₹7.51 reported in the previous year.

Quarterly Momentum (Q4FY26)

The final quarter of the year saw an acceleration in profitability:

Quarterly Net Profit: Stood at ₹2,044.88 crore, a 36% increase compared to the ₹1,502.32 crore recorded in the same quarter last year (Q4FY25).

Operating Profit: The bank reported an operating profit of ₹2,946.60 crore for the quarter, showcasing strong operational efficiency.

Major Breakthrough in Asset Quality

Bank of Maharashtra continues to lead the industry with some of the best asset quality metrics among public sector banks.

Net NPA: Has dropped to a near-negligible 0.13%, down from 0.18% a year ago.

Gross NPA: Improved to 1.45% from 1.74% in March 2025.

Provisioning: Provisions (other than tax) for the year were reduced to ₹2,968.45 crore (from ₹3,596.59 crore), indicating that the bank has successfully managed its legacy bad loan book.

Efficiency and Profitability Ratios

The bank's efficiency ratios underscore its lean operational model:

Return on Assets (RoA): Improved to 1.86% for the full year, compared to 1.76% in FY25.

Net Profit Margin: Expanded to 21.38% for the year.

Government Holding: The Government of India continues to hold a 73.60% stake in the bank.

Shares of Bank of Maharashtra was last trading in BSE at Rs. 75.66 as compared to the previous close of Rs. 72.72. The total number of shares traded during the day was 2283124 in over 12428 trades.

The stock hit an intraday high of Rs. 76.90 and intraday low of 72.33. The net turnover during the day was Rs. 170765767.00.