Bank of Maharashtra has informed the Exchange regarding Outcome of Board Meeting held on April 25, 2025.
MAHABANK · price
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Awaiting price reaction for this filing.
Bank of Maharashtra's board approved audited standalone and consolidated financial results for Q4 and FY25 along with a recommended dividend of Rs. 1.50 per share (15%) subject to shareholder approval. Net profit for FY25 jumped 36% YoY to Rs. 5,520 crore from Rs. 4,055 crore, while total income rose nearly 21% to Rs. 28,402 crore. Asset quality improved with gross NPAs falling to 1.74% (from 1.88%) and net NPAs at 0.18%, and Capital Adequacy Ratio strengthened to 20.53% (from 17.38%) after a Rs. 3,500 crore QIP in October 2024. The bank raised Rs. 3,423 crore in bonds during the year while redeeming Rs. 600 crore of Tier II bonds, pushing debt-to-equity to 0.72 from 0.42. Auditors issued an unmodified opinion but flagged two Emphasis of Matter points: absence of sufficient Independent Directors (results placed directly to Board) and continued holding of Rs. 1,200 crore as COVID-19 contingency provision.
Strong earnings growth, improved asset quality, and higher capital adequacy are positive for shareholders, supported by a dividend payout. However, the higher debt-equity ratio and the governance flag around missing independent directors are minor concerns. The market is likely to view the 36% profit growth and sub-2% NPA metrics favorably.