Q1FY27 results: Net Profit up 26.84% YoY to Rs 2,020 cr
MAHABANK · price
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Bank of Maharashtra reported Q1FY27 results. Net Profit rose 26.84% YoY to Rs 2,020 crore. Operating Profit grew 21.29% to Rs 3,117 crore. Net Interest Income rose 14.53% to Rs 3,770 crore. Total Business grew 19.10% to Rs 6,50,457 crore, with deposits at Rs 3,44,493 crore (up 12.93%) and gross advances at Rs 3,05,964 crore (up 26.90%). Asset quality improved with Gross NPA at 1.45% (vs 1.74%) and Net NPA at 0.13% (vs 0.18%). NIM stood at 3.85%, Cost to Income improved to 35.04%, ROA at 1.90%, ROE at 24.65%, and CRAR at 18.64%.
Strong results with healthy profit growth, improving asset quality, and robust advances growth support positive sentiment for the stock.