Press release on the financial results
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 20 Apr 2026, 03:08 PM IST · BSE ID: 9b7e5cef-a98d-4e0c-beb4-aa838cfd2c0c
View Original BSE Filing (PDF)
💡
In Simple Terms
Bank of Maharashtra's annual profits jumped 27% to ₹7,019 crore in FY26, with strong loan growth and improving credit quality across all metrics.
🤖 AI Summary
- Bank of Maharashtra FY26 net profit ₹7,019 crore, +27.17% YoY growth
- Gross advances expanded 21.74% to ₹291,967 crore; deposits grew 14.14% to ₹350,564 crore
- Gross NPA improved to 1.45% from 1.74%; Net NPA strengthened to 0.13% from 0.18%
- Return on Equity improved to 23.19%; CRAR at 18.36% with Tier I at 15.41%
- Final dividend proposed ₹1.20 per share (12%) plus interim dividend ₹1.00 per share (10%)
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net Profit FY26
₹7,019 crore
+27.17
Total Business
₹642,531 crore
+17.47
Gross Advances
₹291,967 crore
+21.74
Total Deposits
₹350,564 crore
+14.14
Capital Adequacy Ratio
18.36%
Operating Profit
₹10,826 crore
+16.17
Net Interest Income
₹13,664 crore
+17.13
Final Dividend per Share
₹1.20
Q4FY26 Net Profit
₹2,014 crore
+34.89
🏢 How This Affects the Company
Gross advances grew 21.74% to ₹291,967 crore, with Retail advances surging 32.39% and MSME advances expanding 10.71%, demonstrating broad-based credit expansion across key segments.
Net Profit increased 27.17% to ₹7,019 crore. Operating Profit grew 16.17% to ₹10,826 crore. Return on Assets improved to 1.86% from 1.75%. Return on Equity strengthened to 23.19%. Net Interest Income grew 17.13% to ₹13,664 crore.
Cost to Income Ratio improved to 37.08% from 38.37%, indicating operational efficiency gains. Provision Coverage Ratio strengthened to 98.59%, showing robust credit risk management processes.
Asset quality metrics improved significantly — Gross NPA declined to 1.45% from 1.74%, Net NPA to 0.13% from 0.18%. Capital Adequacy Ratio of 18.36% remains above regulatory minimums. Credit-Deposit ratio of 83.28% indicates balanced balance sheet composition.
👥 What This Means For Shareholders
✅
Action Required
Note dividend record date and ensure shares held in demat before ex-date announcement for total dividend of ₹2.20 per share.
👤
Who Is Affected
All equity shareholders holding shares on record date entitled to final dividend ₹1.20 per share (12%) in addition to interim dividend ₹1.00 per share (10%) already paid.
🔍
Management Signal
Strong profitability growth (+27.17%) combined with advance expansion (+21.74%) and improved asset quality suggest management confidence in credit growth sustainability and operational efficiency.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 results — track if 21.74% advance growth sustains above ₹300,000 crore
Dividend ex-date and record date announcement — confirm payment timeline for ₹2.20 per share total
Quarterly NPA trends — monitor if Gross NPA remains below 1.50% and Net NPA below 0.15%
LOW RISK
Strong capital buffer (18.36% CRAR), excellent asset quality (1.45% Gross NPA), and robust profitability growth mitigate operational and credit risks.
💡 Investor Takeaway
FY26 net profit reached ₹7,019 crore (+27.17% YoY), growing faster than top-line business growth of 17.47% to ₹642,531 crore. Gross advances jumped 21.74% to ₹291,967 crore while Gross NPA improved to 1.45%. Capital Adequacy Ratio stands at 18.36%. Total dividend ₹2.20 per share proposed.
⚖️ Strengths & Concerns
✅ Positives
- Net Profit growth of 27.17% to ₹7,019 crore substantially outpaced business growth of 17.47%, demonstrating operational leverage.
- Gross NPA improved to 1.45% and Net NPA to 0.13% with Provision Coverage Ratio at 98.59%, showing strong asset quality.
⚠️ Concerns
- Deposit growth of 14.14% lagged advance growth of 21.74%, widening the liquidity gap to 83.28% CD ratio.
- CASA share declined to 52.51% from 53.28%, indicating a shift toward higher-cost deposits affecting future margins.
📅 Company Track Record
Bank of Maharashtra FY26 business reached ₹642,531 crore with 17.47% growth, following provisional disclosure of ₹6,42,700 crore in March 2026. Full-year net profit of ₹7,019 crore represents acceleration from ₹5,520 crore in FY25. Quarterly net profit in Q4FY26 jumped 34.89% to ₹2,014 crore, fastest quarterly growth reported.
Based on publicly available historical data. For context only.