Bank of Maharashtra announced robust financial results for the second quarter and half-year ended September 30, 2026. The bank witnessed a substantial 41.42% year-on-year increase in Net Profit to ₹2,310 crore for Q2 FY27. Total Global Business grew by 25.16% to ₹7,05,766 crore, and Deposits rose by 21.50%. Asset quality also improved with Gross NPA declining to 1.25%.
Bank of Maharashtra Reports Strong Q2 FY27 Performance
Bank of Maharashtra has declared its financial results for the quarter and half-year ending September 30, 2026, showcasing significant growth across key performance indicators. The bank reported a Net Profit of ₹2,310 crore for the second quarter (Q2) of the fiscal year 2027, marking a substantial 41.42% increase compared to the same period last year.
Key Financial Highlights
Quarter Ended September 30, 2026
- Net Profit saw a robust year-on-year growth of 41.42%, reaching ₹2,310 crore. Sequentially, the profit increased by 14.33%.
- Operating Profit grew by 30.86% year-on-year to ₹3,369 crore.
- Net Interest Income (NII) increased by 21.76% year-on-year to ₹3,954 crore.
- Total Global Business expanded by 25.16% to ₹7,05,766 crore.
- Total Global Deposits increased by 21.50% to ₹3,76,407 crore.
- Gross Global Advances grew by 29.61% to ₹3,29,359 crore.
- Gross NPA declined to 1.25%, a significant improvement in asset quality.
- Net NPA reduced to 0.12%.
- Provision Coverage Ratio improved to 98.53%.
- Return on Assets (ROA) improved to 2.02%.
- Return on Equity (ROE) improved to 26.98%.
- CRAR stood at 18.51%.
Half Year Ended September 30, 2026
- Net Profit showed growth of 34.22% to ₹4,330 crore.
- Operating Profit grew by 26.08% to ₹6,486 crore.
- Net Interest Income (NII) grew by 18.12% to ₹7,724 crore.
- Return on Assets (ROA) improved to 1.96%.
- Return on Equity (ROE) improved to 25.29%.
Assets and Liabilities
As of September 30, 2026, the bank’s Total Global Business stood at ₹7,05,766 crore, with Deposits at ₹3,76,407 crore and Gross Global Advances at ₹3,29,359 crore. Capital Adequacy Ratio (Basel III) improved to 18.51%.
The detailed financial results and performance highlights are available on the bank’s official website.
Source: BSE
