Bank of Maharashtra Q4FY26: NIM 3.95%, GNPA 1.45%, Business ₹6 Lakh Cr
Bank of Maharashtra reported audited financial results for Q4 and year ended March 31, 2026, with quarterly NIM at 3.95% and ROA at 1.97%. The bank achieved total business growth of 17.47%, advances growth of 21.74%, and deposits growth of 14.14%. Asset quality remained strong with Gross NPA at 1.45% and Net NPA at 0.13%, while CASA ratio stood at 52.51%. Net profit for the quarter was ₹2,014.09 crore.
*this image is generated using AI for illustrative purposes only.
Bank of Maharashtra published its audited financial results for the quarter and year ended March 31, 2026, in newspapers on April 21, 2026, pursuant to SEBI Listing Obligations and Disclosure Requirements Regulations. The public sector bank demonstrated robust performance across key operational metrics, with total business crossing ₹6 lakh crore.
Q4FY26 Financial Performance
The bank reported a Net Interest Margin (NIM) of 3.95% for the quarter ended March 31, 2026, while Return on Assets (RoA) stood at 1.97%. The cost-to-income ratio for the quarter was 37.08%, reflecting operational efficiency. Total Income from Operations (Net) for the quarter reached ₹8,693.04 crore.
| Financial Metric | Q4FY26 Achievement |
|---|---|
| NIM (Domestic) | 3.95% |
| RoA (Quarterly) | 1.97% |
| Cost to Income | 37.08% |
| Net Profit (After Tax) | ₹2,014.09 crore |
Business Growth Performance
Bank of Maharashtra achieved strong growth across all major business segments. Total business grew by 17.47%, with advances recording growth of 21.74%. Deposits increased by 14.14%, while CASA deposits maintained a healthy ratio of 52.51%. Retail advances grew by 32.39%, and vehicle loans showed significant expansion at 55.51%.
| Growth Metric | Performance |
|---|---|
| Total Business Growth | 17.47% |
| Advances Growth | 21.74% |
| Deposits Growth | 14.14% |
| CASA Ratio | 52.51% |
| Retail Advances | 32.39% |
| Vehicle Loans | 55.51% |
Asset Quality and Capital Adequacy
The bank maintained strong asset quality indicators with Gross NPA at 1.45% and Net NPA at 0.13%. The Provision Coverage Ratio stood at 98.59%, indicating robust provisioning practices. Net Worth reached ₹30,272.42 crore, while the Debt-Equity Ratio was 0.70.
| Asset Quality Metric | Q4FY26 |
|---|---|
| Gross NPA | 1.45% |
| Net NPA | 0.13% |
| PCR | 98.59% |
| Net Worth | ₹30,272.42 crore |
| Debt-Equity Ratio | 0.70 |
Annual Performance Comparison
For the year ended March 31, 2026, the bank reported Total Income from Operations (Net) of ₹32,822.53 crore compared to ₹28,401.62 crore in the previous year. Net Profit after Tax for the year was ₹7,019.32 crore. Earnings Per Share (EPS) for the year stood at ₹9.13 per share of ₹10 each.
| Particulars | Year Ended 31/03/2026 | Year Ended 31/03/2025 |
|---|---|---|
| Total Income from Operations (Net) | ₹32,822.53 crore | ₹28,401.62 crore |
| Net Profit After Tax | ₹7,019.32 crore | ₹5,519.79 crore |
| EPS (₹10 each) | ₹9.13 | ₹7.48 |
What strategic initiatives will Bank of Maharashtra implement to sustain its exceptional 21.74% advances growth rate amid potential economic headwinds?
How will the bank's outstanding asset quality metrics position it for potential market share gains against competitors in the public sector banking space?
What impact could Bank of Maharashtra's strong performance have on its credit rating outlook and access to capital markets for future expansion?
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