MediumPositive
Announced Fri, 10 Jul · 15:59 IST

Bank of Maharashtra Q1 results: Net profit jumps 27% YoY to ₹2,020 crore

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AI summary

Bank of Maharashtra reported a 27% year-on-year jump in net profit to Rs 2,020 crore for Q1 FY27, up from Rs 1,593 crore a year earlier. Net Interest Income rose 14.53% YoY to Rs 3,770 crore, while net advances grew 27.22% YoY to Rs 3,01,934 crore. Asset quality improved with GNPA ratio falling to 1.45% from 1.74% and NNPA ratio declining to 0.13% from 0.18%, though capital adequacy ratio slipped to 18.64% from 20.06%.