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.

Bank of Maharashtra has reported fresh slippages of ₹7.50 billion in its latest quarterly results, representing an increase from the previous quarter's figure of ₹7.10 billion. This development highlights the bank's ongoing challenges in managing asset quality during the reporting period.

Fresh Slippages Analysis

The bank's fresh slippages showed a sequential increase, with the following quarterly comparison:

Asset Quality Implications

Fresh slippages represent loans that have transitioned from the standard category to non-performing assets (NPAs) during the reporting quarter. This metric serves as a crucial indicator of a bank's asset quality trends and credit risk management effectiveness. The increase of ₹0.40 billion in fresh slippages suggests that Bank of Maharashtra faced headwinds in maintaining its loan portfolio quality during the quarter.

Key Takeaways

The reported figures indicate:

• Sequential growth in fresh slippages on a quarter-on-quarter basis
• Continued pressure on asset quality metrics
• Need for enhanced credit monitoring and recovery mechanisms

The bank's management will likely focus on strengthening its credit appraisal processes and recovery efforts to address the rising trend in fresh slippages and maintain overall portfolio health.