Transcript of the Earnings Conference Call held on 25.04.2025
Awaiting price reaction for this filing.
Bank of Maharashtra reported a strong FY2025 with total business up 15.3% YoY to ₹5.47 lakh crore, driven by 17.76% growth in advances (₹2.40 lakh crore) and 13.44% growth in deposits (₹3.07 lakh crore). Net profit surged 36% YoY to ₹5,520 crore, while NIM improved 8 bps to 4% (Q4 at 4.01%) and ROA rose to 1.75%. Asset quality strengthened with GNPA falling to 1.74% and net NPA to just 0.18%, backed by a 98.3% provision coverage. Retail segments shone — home loans up 30%, car loans up 47%, gold loans up 56%. Management announced plans to open 1,000 branches over 5 years, secured a GIFT City IBU license, and the Board recommended a 15% dividend. FY26 guidance: NIM 3.75%, advances growth ~17%, deposits ~14%, ROA 1.75%, GNPA <2%, credit cost <1%, cost-to-income <40%.
Strong all-round performance reinforces the bank's consistent execution track record. However, the FY26 NIM guidance of 3.75% (down from 4%) signals expected margin pressure from RBI rate cuts, though capital raise plans (₹7,500 cr QIP + ₹10,000 cr bonds) and branch expansion provide a solid growth runway.