Bank of Maharashtra has reported impressive growth for the fiscal year ended March 31, 2026. The bank achieved a 27.17% increase in annual net profit, reaching ₹7,019 crore. Operating profit also saw a healthy rise of 16.17% to ₹10,826 crore. With a significant improvement in asset quality, including a reduction in net NPA to 0.13% and a strong capital adequacy ratio of 18.36%, the bank demonstrates consistent operational excellence.
Annual Financial Highlights
For the fiscal year ended March 31, 2026, Bank of Maharashtra delivered a strong performance across key metrics. Total business grew by 17.47% to reach ₹642,531 crore, supported by a 14.14% increase in total deposits to ₹350,564 crore. Gross advances surged by 21.74%, totaling ₹291,967 crore, while net interest income (NII) improved by 17.13% to ₹13,664 crore.
Quarterly Performance Analysis
The bank maintained growth momentum in the final quarter (January-March 2026). Net profit for Q4 stood at ₹2,014 crore, representing a 34.89% increase on a year-on-year basis. Operating profit for the same period reached ₹2,946 crore, a 16.92% growth compared to the previous year. Furthermore, net interest income for the quarter grew by 18.81% to ₹3,702 crore.
Asset Quality and Capital Strength
Asset quality has shown remarkable improvement, with the gross NPA ratio declining to 1.45% and net NPA reducing to 0.13% as of March 31, 2026. The provision coverage ratio also improved to 98.59%. The bank continues to maintain a solid capital base with a CRAR of 18.36%, ensuring stability for future growth.
Shareholder Returns
In light of the positive annual performance, the board has proposed a final dividend of 12%, equivalent to ₹1.20 per equity share, for the year 2025-26. This is in addition to the interim dividend of 10% (₹1.00 per share) already paid during the year.
Source: BSE
