Bank of Maharashtra Q2 Results: Profit Surges 23% YoY To Rs 1,633 Cr, NII Rises 15.7%; Asset Quality Gains

On Tuesday, October 14, the Bank of Maharashtra released positive results for the quarter and a half that ended on September 30, 2025. On a year-on-year basis, the bank's net profit climbed by 23.09% to Rs 1,633 crore in Q2FY26 from Rs 1,327 crore in Q2FY25. The bank said that its Net Interest Income (NII) jumped to Rs 3,248 crore in Q2FY26 from Rs 2,807 crore in Q2FY25, a 15.71% year-on-year growth. The bank's operating profit for the current quarter was Rs 2,574 crore, up 16.91% YoY from Rs 2,202 crore in the same quarter last year.

According to the Bank of Maharashtra, its cost-to-income ratio increased from 38.81% to 37.10%. The bank's Return on Equity (ROE) was 22.58% for Q2FY26 compared to 26.01% for Q2FY25, while its Return on Assets (ROA) increased to 1.82% during the quarter under review from 1.74% for Q2FY25 and 1.80% for Q1FY26.

The bank's net profit for the half-year ending September 30, 2025, was Rs 3226 crore on a year-on-year basis, up from Rs 2,620 crore for the half-year ending September 30, 2024. According to the bank, its operating profit increased 14.41% YoY to Rs 5,144 crore from Rs 4,496 crore for the half-year that ended on September 30, 2024. Compared to Rs 5,606 crore for the half-year ended September 30, 2024, Net Interest Income (NII) increased by 16.65% YoY to Rs 6,539 crore for the half-year ended September 30, 2025.

The bank demonstrated excellent financial performance as of September 30, 2025, in all key metrics. A 12.13% growth in total deposits to Rs 3,09,791 crore and a 16.83% increase in gross advances to Rs 2,54,118 crore drove the 14.20% year-on-year (YoY) expansion of the total business to Rs 5,63,909 crore. A strong capital position was demonstrated by the bank's Basel III capital adequacy ratio, which jumped to 18.13%, and the Common Equity Tier 1 (CET1) ratio, which improved to 14.05%.

Regarding asset quality, improved credit discipline was demonstrated by the Gross Non-Performing Asset (NPA) falling to 1.72% as of September 30, 2025, from 1.84% the year before, and the Net NPA falling to 0.18% from 0.20%. Although it was a little lower than the previous year's 98.36%, the Provision Coverage Ratio (PCR) was still solid at 98.34%. As of September 30, 2025, the bank had kept an Rs 1,200 crore Covid-19 provision, demonstrating its strong balance sheet and prudent risk management.