Bank of Maharashtra delivered strong financial performance in Q3 FY26, reporting a net profit of ₹1,779.00 crore for the quarter ended December 31, 2025, marking a robust 26.51% year-on-year growth. The results underscore the bank's improved operational efficiency and strengthened asset quality metrics.

Financial Performance Highlights

The bank's core banking operations showed healthy momentum with Net Interest Income rising 16.27% year-on-year to ₹7,344.00 crore, compared to ₹6,325.00 crore in the corresponding quarter last year. Operating Profit increased by 18.78% during the quarter, reflecting improved business fundamentals.

Business Growth and Deposits

Total Business expanded by 17.24% year-on-year in the December quarter, driven by strong growth across deposit categories. Total Deposits increased by 15.29% year-on-year, with Current Deposits posting impressive growth of 20.00% and Term Deposits rising 14.69%. Savings Deposits also contributed positively with 14.49% growth during the period.

Advances Portfolio and Asset Quality

The bank's lending portfolio demonstrated strong expansion with Gross Advances growing 19.62% year-on-year. Retail Advances showed particularly robust performance with 36.40% growth, while MSME Advances increased by 7.54% during the same period.

Asset quality metrics improved significantly across key parameters. Gross Non-Performing Assets declined to 1.60% from 1.80% in the previous year, while Net NPA reduced to 0.15% from 0.20%, indicating enhanced credit risk management and recovery efforts.

Operational Efficiency and Key Ratios

The bank's operational efficiency showed marked improvement with the Cost to Income Ratio declining to 37.19% from 38.27% in Q3 FY25. Return on Assets improved to 1.86% from 1.78% in the corresponding quarter last year, while Return on Equity reached 23.79%.

Balance Sheet and Market Position

As of December 2025, Bank of Maharashtra's outstanding shares stood at 769.00 crore. The bank's market capitalization reached ₹47,726.00 crore, while net worth increased to ₹29,923.00 crore. Earnings Per Share for the quarter was ₹2.31, and Book Value Per Share excluding revaluation reserves improved to ₹38.90.

Bank of Maharashtra delivered strong third-quarter FY26 financial results, demonstrating robust performance in the competitive banking sector. The Pune-headquartered state-owned lender announced these results on Tuesday, January 13, showcasing significant growth in profitability.

Financial Performance Highlights

The bank's financial metrics for Q3 FY26 reflect strong operational efficiency and growth momentum:

The 27% year-on-year increase in net profit represents a substantial improvement in the bank's bottom-line performance, indicating effective management strategies and strong business fundamentals.

Quarterly Results Overview

Bank of Maharashtra's Q3 FY26 results highlight the institution's continued growth trajectory in the current financial year. The significant profit surge from ₹1,407.00 crore to ₹1,779.30 crore demonstrates the bank's ability to maintain strong operational performance while navigating the dynamic banking environment.

The state-owned lender's performance in the third quarter reflects its strategic positioning in the Indian banking sector, with the Pune-based institution continuing to build on its established market presence and customer base.