Bank of Maharashtra has delivered strong financial performance in its Q3 results, with net profit registering growth of over 27% on a year-on-year basis. The public sector bank's robust quarterly performance highlights its continued operational improvements and enhanced profitability metrics.

Financial Performance Highlights

The bank's Q3 results demonstrate significant improvement in profitability, with the over 27% year-on-year growth in net profit marking a notable achievement for the quarter. This performance reflects the bank's ongoing efforts to strengthen its financial position and operational efficiency.

Market Position and Growth

The strong quarterly results position Bank of Maharashtra favorably within the public sector banking segment. The significant profit growth indicates the bank's ability to maintain positive momentum in its core banking operations and financial management strategies.

The over 27% year-on-year profit increase demonstrates the bank's commitment to delivering consistent financial performance and creating value for stakeholders. This growth trajectory reflects the institution's focus on operational excellence and strategic business initiatives.

Operational Excellence

Bank of Maharashtra's Q3 performance showcases the effectiveness of its operational strategies and business model execution. The substantial profit growth indicates successful implementation of various banking initiatives and improved financial discipline across the organization.

The quarterly results reinforce the bank's position as a significant player in India's public sector banking landscape, with the strong profit growth reflecting enhanced operational capabilities and strategic focus on sustainable business development.

Bank of Maharashtra delivered robust financial performance for the quarter ended December 31, 2025, showcasing strong growth across key metrics. The bank reported a net profit of ₹1,779.00 crores for Q3FY26, representing a significant 27% year-on-year increase from ₹1,406.00 crores in the corresponding quarter of the previous year.

Financial Performance Highlights

The bank's total income reached ₹8,277.00 crores during the quarter, marking a 16% growth compared to ₹7,112.00 crores in Q3FY25. Interest income, the primary revenue driver, grew by 16% to ₹7,344.00 crores, while non-interest income increased by 18% to ₹933.00 crores.

Operating profit demonstrated strong momentum, rising 19% to ₹2,736.00 crores from ₹2,303.00 crores in the previous year. The bank maintained disciplined cost management with total expenses increasing by 15% to ₹5,541.00 crores, resulting in improved operational efficiency.

Business Growth and Portfolio Expansion

The bank achieved substantial business growth with total business reaching ₹5,95,163.00 crores, representing a 17.26% increase from the previous year. Global advances expanded significantly by 19.62% to ₹2,73,502.00 crores, while total deposits grew to ₹3,21,661.00 crores.

Retail credit emerged as the fastest-growing segment with a remarkable 36.40% year-on-year growth, driven by strong performance in housing loans, vehicle financing, and other retail products. The bank's focus on priority sectors remained evident with RAM (Retail, Agriculture, MSME) advances constituting 63.48% of domestic advances.

Asset Quality and Capital Position

Asset quality metrics showed improvement with gross NPA ratio declining to 1.60% as of December 2025 from 1.80% in December 2024. Net NPA ratio also improved to 0.15% from 0.20% during the same period. The bank maintained adequate provisioning with provision coverage ratio remaining robust.

The bank's capital adequacy ratio stood at 17.06%, well above regulatory requirements, providing sufficient cushion for future growth. Total risk-weighted assets increased to ₹2,00,837.00 crores, reflecting the expanded business operations.

Nine-Month Performance

For the nine-month period ended December 2025, the bank reported net profit of ₹5,005.00 crores, representing a 24% increase from ₹4,027.00 crores in the corresponding period of the previous year. Total income for the nine-month period reached ₹24,129.00 crores, growing 17% year-on-year, demonstrating consistent performance throughout the fiscal year.