Bank of Maharashtra delivered robust third-quarter results, reporting a 26% year-on-year increase in net profit to ₹1,779 crore, up from ₹1,407 crore in the corresponding period last year. The Pune-headquartered public sector bank also announced a 10% interim dividend alongside its Q3 performance.

Financial Performance Highlights

The bank's strong profit growth was underpinned by healthy business expansion and improved operational metrics. Key financial indicators showed consistent improvement across multiple parameters.

Business Growth and Margins

The bank maintained a net interest margin of 3.86% for the quarter under review, representing a one basis point improvement from the preceding quarter, though it was 12 basis points lower than the year-ago period. Managing Director Nidhu Saxena indicated that even with potential rate cuts, the NIM would likely remain above the bank's guidance of 3.75%.

Business growth remained robust with gross advances expanding 20% year-on-year to ₹2.74 lakh crore, while deposit mobilisation increased 15% to ₹3.22 lakh crore. The current and savings account ratio to total deposits stood at a healthy 49.5%.

Asset Quality Improvement

Asset quality metrics showed continued improvement, reinforcing the bank's strengthening fundamentals.

Corporate Lending Pipeline

The bank maintains a 36% corporate loan share in its portfolio. Saxena highlighted a healthy corporate loan book pipeline of approximately ₹50,000-55,000 crore, with around ₹20,000 crore currently in various stages of disbursement, indicating strong future growth prospects.

The comprehensive performance across profitability, asset quality, and business growth metrics demonstrates Bank of Maharashtra's continued operational strength and strategic execution during the quarter.

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.