Bank of Maharashtra delivered a strong performance in the December quarter, with net profit growing 26.5% year-on-year and asset quality showing notable improvement. The state-run lender's results demonstrate healthy growth momentum across key financial metrics.

Financial Performance Highlights

The bank's profitability showed robust growth during the quarter, with core income maintaining steady expansion. The following table summarizes the key financial metrics:

The 16% growth in Net Interest Income reflects the bank's ability to expand its core banking operations effectively. This growth in NII, combined with operational efficiency, contributed to the substantial increase in net profitability.

Asset Quality Improvement

Bank of Maharashtra demonstrated significant improvement in asset quality metrics compared to the September quarter. The bank's non-performing assets showed positive trends across both gross and net categories.

The improvement in NPA ratios indicates better asset quality management, with the Gross NPA ratio declining by 12 basis points and Net NPA ratio improving by 3 basis points quarter-on-quarter.

Provisions and Capital Adequacy

The bank's provisioning strategy showed mixed trends during the quarter. Total provisions decreased to ₹728.19 crore from ₹755.87 crore in the September quarter. However, provisions specifically for Non-Performing Assets increased to ₹660 crore from ₹583 crore in the previous quarter, reflecting proactive risk management.

The CET-1 ratio stood at 13.10% at the end of the quarter, down from 14.05% in the September quarter and 13.60% during the same quarter last year, while remaining well above regulatory requirements.

Market Response

Shares of Bank of Maharashtra traded 0.90% higher at ₹64.33 following the results announcement. The stock is trading close to its 52-week high of ₹65.97, having gained nearly 40% over the last 12 months, reflecting investor confidence in the bank's performance trajectory.

Bank of Maharashtra delivered robust financial performance for the quarter ended December 31, 2025, demonstrating strong operational efficiency and improved asset quality. The public sector bank reported significant growth across key financial metrics while maintaining healthy capital adequacy ratios.

Financial Performance Highlights

The bank's financial results for Q3 FY26 showed impressive growth momentum across all major parameters:

For the nine-month period ended December 31, 2025, the bank maintained its strong performance trajectory with net profit of ₹5,005.23 crores compared to ₹4,026.71 crores in the corresponding period of the previous year, representing a growth of 24.30%.

Asset Quality Improvement

Bank of Maharashtra demonstrated significant improvement in asset quality metrics, reflecting enhanced risk management and recovery efforts:

The bank's provision coverage ratio of 98.41% indicates robust provisioning practices and preparedness for potential credit losses.

Capital Adequacy and Profitability Ratios

The bank maintained strong capital adequacy ratios well above regulatory requirements:

Business Segment Performance

The bank's diversified business model showed balanced growth across segments:

Retail Banking Operations emerged as the largest revenue contributor with ₹3,783.19 crores in Q3 FY26, while Corporate/Wholesale Banking generated ₹2,876.82 crores. Treasury Operations contributed ₹1,557.86 crores to the total segment revenue.

Corporate Actions and Strategic Developments

The board of directors approved several significant decisions during their meeting on January 13, 2026:

• Interim Dividend: Declared 10% interim dividend (₹1.00 per equity share with face value of ₹10 each)
• Offer for Sale Completion: Successfully completed OFS of 46.15 crore equity shares representing 6% of paid-up capital
• Public Shareholding Compliance: Achieved SEBI's minimum 25% public shareholding requirement

The Government of India's shareholding reduced from 79.60% to 73.60% following the successful completion of the Offer for Sale on December 1, 2025.

Operational Metrics and Provisions

Bank of Maharashtra continues to maintain conservative provisioning practices with total provisions of ₹728.19 crores for Q3 FY26, including ₹659.98 crores specifically for non-performing assets. The bank holds COVID-19 related contingency provisions of ₹1,200 crores as of December 31, 2025.

The bank reported 285 fraud cases involving ₹807.28 crores during the nine-month period, with total loss of ₹725.71 crores. The bank maintains 100% provisions against the loss amount of ₹723.92 crores, demonstrating prudent risk management practices.

Source: Bank of Maharashtra Q3 FY26 Financial Results