Synopsis: The Pune-based public sector lender ends FY26 on a strong note net profit rises to Rs. 2,014 crore for the quarter as bad loans hit record lows and business crosses Rs. 6.4 lakh crore.
Results Bank of Maharashtra delivered its strongest annual performance on record. The bank’s net profit for the full year FY26 rose 27.17% to Rs. 7,019 crore, against Rs. 5,520 crore in FY25. The fourth quarter alone saw profit climb 34.89% year-on-year to Rs. 2,014 crore.
Shares of Bank of Maharashtra Limited’s stock, with a market capitalisation of Rs. 57,509 crores, rose to Rs. 76.95, up of 5.39 percent from its previous closing price of Rs. 72.73. Furthermore, the stock over the past year has given a return of 47 percent.
The bank’s total business grew 17.47% to reach Rs. 6,42,531 crore as of 31 March 2026. Total deposits rose 14.14% to Rs. 3,50,564 crore. Gross advances expanded at a faster pace up 21.74% to Rs. 2,91,967 crore.
Retail advances stood out with a sharp 32.39% jump to Rs. 85,857 crore. MSME advances grew 10.71% to Rs. 53,547 crore. The RAM Retail, Agriculture, and MSME segment overall expanded 20.74% year-on-year. The Credit-Deposit ratio held at 83.28%.
Net Interest Income the core earnings metric for banks rose 18.81% year-on-year to Rs. 3,702 crore in Q4 FY26. For the full year, NII grew 17.13% to Rs. 13,664 crore. Fee-based income for the year rose 6.97% to Rs. 1,862 crore.
The bank also improved its cost efficiency. The Cost-to-Income Ratio improved to 36.51% in Q4 FY26, down from 38.50% a year ago. For the full year, the ratio stood at 37.08%. Net revenues for the quarter grew 13.26% to Rs. 4,640 crore. The bank’s operating profit grew 16.17% to Rs. 10,826 crore for the full year, reflecting steady core business momentum and disciplined cost management.
- Bad loans at record lows, coverage ratio near 99%
- Gross NPA: 1.45% vs 1.74% in Mar 2025
- Net NPA: 0.13% vs 0.18% in Mar 2025
- Provision Coverage: 98.59% vs 98.26% in Mar 2025
Asset quality improved sharply. Gross NPA fell to 1.45% from 1.74% a year ago. Net NPA dropped further to just 0.13%. The Provision Coverage Ratio a key buffer against future loan losses stood at a near-complete 98.59%. These figures rank among the best in the public sector banking space.
The bank’s capital adequacy ratio (CRAR) under Basel III stood at 18.36%, well above the regulatory minimum. Tier I capital came in at 15.41%, with Common Equity Tier 1 at 14.59%. Return on Assets improved to 1.86% for the full year, while Return on Equity rose to 23.19%.
On dividends, the bank proposed a final dividend of Rs. 1.20 per share (12%) for FY26. This is in addition to an interim dividend of Rs. 1.00 per share (10%) already paid. Total dividend for the year, therefore, works out to Rs. 2.20 per share.
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