Bank of Maharashtra Q4FY26 Profit Surges 35% to ₹2,014 Crore

Bank of Maharashtra had a solid March quarter, with profit, income, and its loan book all moving up nicely, while asset quality kept getting better. For Q4FY26, the bank posted a net profit of ₹2,014 crore, up 34.9% year-on-year (YoY) from ₹1,493 crore. On a sequential basis, too, profit rose 13.2% from ₹1,779 crore in the December quarter.

As a result of this announcement, the closing price of Bank of Maharashtra shares on the NSE on 20 April 2026 was ₹75.54, up almost 4%.

Key Q4 Numbers At A Glance

The bank’s net interest income (NII) rose 18.8% YoY to ₹3,702 crore, compared to ₹3,116 crore last year. Net revenues (NII plus other income) also grew 13.3% to ₹4,640 crore.

Operating performance stayed strong:

• Operating profit was ₹2,946 crore, demonstrating a 16.9% increase YoY

• Total income was ₹8,693 crore, showing a 12.7% rise

• Total expenses reached ₹5,747 crore, reflecting a 10.7% increase

In other words, earnings growth exceeded the rise in expenses, which led to higher profitability.

Furthermore, the bank registered a strong growth in pre-tax earnings as its profit before tax (PBT) was ₹2,329 crore, a 51.6% increase YoY.

The bank's margins and efficiency also improved, as seen in the cost-to-income ratio of 36.51%, compared with 38.50% last year. Return on assets (ROA) increased slightly to 1.97% from 1.78% YoY.

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FY26 Performance Highlights

For the entire year, the results show consistent growth across all the major metrics:

• Total Deposits: ₹3,50,564 crore (+14.1%)

• Net profit: ₹7,019 crore (+27.2%)

• Operating profit: ₹10,826 crore (+16.2%)

• NII: ₹13,664 crore (+17.1%)

• Fee income: ₹1,862 crore (+7%)

• Return on Assets (ROA): 1.86 %

• Return on Equity (ROE): 23.19%

Due to the strong quarterly results, the bank has proposed a final dividend of ₹1.20 per share (12%). It had already paid an interim dividend of ₹1 per share (10%), making it a total of 22% for the year.

Sources:

Moneycontrol

ET

ETNow