Bank of Maharashtra Q4 Results: Net Profit Soars 22.6% YoY; Double-Digit Growth Across All Key Metrics

Financial results for the quarter and year ending March 31, 2025, were released by the Bank of Maharashtra on Friday, April 25. On a year-on-year basis, net profit climbed by 22.62% to Rs 1,493 crore in Q4FY25 from Rs 1,218 crore in Q4FY24. In Q4FY25, the bank's Net Interest Income (NII) increased by 20.59% YoY to Rs 3,116 crore, up from Rs 2,584 crore in Q4FY24. According to the bank, its operating profit jumped 14.03 percent YoY to Rs 2,520 crore for Q4FY25 compared to Rs 2,210 crore for Q4FY24.

Net revenues (net interest income + other income) for Q4FY25 climbed by 13.62%, according to the Bank of Maharashtra, from Rs 3606 crore for Q4FY24 to Rs 4097 crore for Q4FY25. The bank's Return on Assets (ROA) increased to 1.78 percent for Q4FY25 compared to 1.73% for Q4FY24, while its Cost to Income Ratio jumped to 38.50% for Q4FY25 from 38.72% for Q4FY24.

The bank said that, on a year-on-year basis, its net profit for FY25 was Rs 5,520 crore, up 36.12% from Rs 4,055 crore for the year that ended on March 31, 2024. Compared to Rs 9,822 crore for the year ended March 31, 2024, Net Interest Income (NII) increased 18.77% YoY to Rs 11,666 crore for the year ended March 31, 2025. On a year-on-year basis, operating profit increased 16.41% to Rs 9,319 crore in FY25 from Rs 8,005 crore in FY24.

For the year that ended on March 31, 2025, the bank's fee-based income climbed by 10.05% YoY to Rs 1741 crore. Bank of Maharashtra reported that its Return on Assets (ROA) increased to 1.75 percent for the year ended 31.03.2025 from 1.50% for the year ended 31.03.2024, while its Cost to Income Ratio was 38.37% for the year ended 31.03.2025 compared to 37.55% for the year ended 31.03.2024. For the fiscal year that ended in FY25, the Return on Equity (ROE) was 22.92%.

The bank reported that although total deposits rose 13.44% YoY to Rs 307,143 crore, its overall business climbed 15.30% YoY to Rs 546,979 crore. According to the Bank of Maharashtra, as of March 31st, 2025, its gross advances climbed 17.76% YoY to Rs 239,837 crore, while its net advances increased 17.90% YoY to Rs 236,084 crore.

According to the bank, its gross non-performing asset (NPA) climbed to 1.74 percent on March 31, 2025, from 1.88 percent on March 31, 2024, while its net non-performing asset (NPA) increased to 0.18 percent on March 31, 2025, from 0.20 percent on March 31, 2024. The bank's provision coverage ratio grew from 98.34% on March 31, 2024, to 98.26% on March 31, 2025.

The Board announced a 15% dividend, or Rs 1.50 per equity share, for the year 2024-2025 for which 9th May has been fixed as the record date.