Bank of Maharashtra delivered impressive financial performance in Q3FY26, reporting a substantial 26.51% increase in net profit to ₹1,779 crore compared to ₹1,406 crore in the corresponding quarter of the previous year. The bank's strong operational efficiency and business growth momentum contributed to this robust performance across key financial metrics.

Financial Performance Highlights

The bank's quarterly financial results demonstrate strong operational performance across multiple parameters:

Net Interest Income grew by 16.27% to ₹3,422 crore, while operating profit increased by 18.78% to ₹2,736 crore. The bank's net revenues, comprising net interest income plus other income, improved by 16.73% to ₹4,355 crore compared to ₹3,731 crore in Q3FY25.

Business Growth and Expansion

Bank of Maharashtra achieved significant business expansion during the quarter:

The bank maintained a healthy CASA ratio of 49.54% of total deposits. Retail advances showed particularly strong growth of 36.40% year-on-year, while the RAM (Retail, Agriculture & MSME) business segment grew by 20.26%.

Asset Quality and Risk Management

Asset quality metrics showed substantial improvement across all key indicators:

The bank continues to hold cumulative Covid-19 provisions of ₹1,200 crore as of December 31, 2025, demonstrating prudent risk management practices.

Profitability and Efficiency Ratios

Key profitability and operational efficiency metrics showed marked improvement:

• Return on Assets (ROA): Improved to 1.86% in Q3FY26 from 1.78% in Q3FY25
• Return on Equity (ROE): Enhanced to 23.79% from 22.36% year-on-year
• Cost to Income Ratio: Improved to 37.19% from 38.27% in Q3FY25
• Domestic Net Interest Margin (NIM): Maintained at 3.87%

Capital Adequacy and Dividend Declaration

The bank maintained strong capital adequacy with a Total Basel III Capital Adequacy Ratio of 17.06%, including a Common Equity Tier 1 (CET1) ratio of 13.10% and Tier I capital ratio of 13.95%. The Board of Directors approved an interim dividend of 10% (₹1.00 per equity share of face value ₹10) for Financial Year 2025-26, which falls within the permissible limits set by the Reserve Bank of India.

For the nine months ended December 31, 2025, Bank of Maharashtra reported net profit growth of ₹979 crore to ₹5,005 crore compared to ₹4,027 crore in the corresponding period of the previous year, reflecting sustained performance momentum throughout the fiscal year.

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.