Bank of Maharashtra Reports 23% Surge In Q1 Net Profit To Rs 1,593 Cr, NII Rises 17.6%; Asset Quality Robust

On Tuesday, July 15, the Bank of Maharashtra announced outstanding financial results for the quarter-ending June 30, 2025, with net profit increasing 23.14% year-on-year to Rs 1,593 crore from Rs 1,293 crore during the same period the previous year. With a 15.34% growth in gross advances to Rs 2.41 lakh crore and a 14.07% rise in total deposits to Rs 3.05 lakh crore, the bank's total business rose by 14.63% YoY to Rs 5.46 lakh crore.

According to the bank, net interest income increased 17.60% to Rs 3,292 crore from Rs 2,799 crore recorded in the same quarter of the previous fiscal year, while operating profit increased to Rs 2,570 crore for Q1FY26 from Rs 2,294 crore for Q1FY25. A solid mix of low-cost deposits was shown by the notable improvement in the CASA ratio to 50.07%. Whereas in terms of profitability the bank's Return on Assets (ROA) improved to 1.80 % for Q1FY26 as against 1.72 % for Q1FY25 while Return on Equity (ROE) stood at 23.00 % for Q1FY26 against 27.62 % for Q1FY25, as per a regulatory filing.

According to the Bank of Maharashtra, its gross advances increased by 15.34% YoY to Rs 241,097 crore in Q1FY26 from Rs 209,031 crore in Q1FY25. Additionally, the bank's asset quality improved, as seen by the declines in Gross NPA and Net NPA to 1.74% and 0.18%, respectively. At 98.36%, the provision coverage ratio was steady.

Bank of Maharashtra is still well-capitalized to enable future expansion, as seen by its strong capital adequacy ratio of 20.06% under Basel III standards, which includes a Tier I capital of 16.63%. Gross advances expanded 15.34% to Rs 2.41 lakh crore and deposits jumped 14.07% to Rs 3.05 lakh crore, driving the bank's total business expansion of 14.63% to Rs 5.46 lakh crore.

The bank has more than 2,641 branches and a substantial presence in rural and semi-urban regions as part of its financial inclusion initiative. Last but not least, during the quarter Bank of Maharashtra received multiple awards for its achievements, including the IBEX ESG excellence award, the Best Mid-Sized Bank award, and technology honors from Finnoviti and IBA. In summary, solid financial growth, excellent asset quality, robust digital development, and a persistent emphasis on inclusive and sustainable banking all contributed to Bank of Maharashtra's durable and well-rounded performance in Q1 FY26.