Bank of Maharashtra reported a strong financial performance for the quarter and half-year ended September 30, 2025, with significant year-on-year growth across key metrics, underscoring its operational resilience and strategic focus. The bank’s net profit for the second quarter of FY2025-26 rose 23.09% to Rs 1,633 crore, up from Rs 1,327 crore in the same period last year. Operating profit for the quarter stood at Rs 2,574 crore, marking a 16.91% increase from Rs 2,202 crore in Q2FY24, while net interest income (NII) climbed 15.71% to Rs 3,248 crore from Rs 2,807 crore.
Total income for the quarter reached Rs 7,974 crore, reflecting a 17.10% rise over the previous year. Expenses grew at a similar pace, up 17.19% to Rs 5,399 crore. The bank’s cost-to-income ratio improved to 37.10%, down from 38.81% a year ago, indicating enhanced operational efficiency. Net revenues, comprising NII and other income, rose 13.73% to Rs 4,093 crore. Return on assets (ROA) improved to 1.82%, while return on equity (ROE) stood at 22.58%, compared to 26.01% in Q2FY24.
For the half-year ended September 30, 2025, net profit surged by Rs 606 crore to Rs 3,226 crore, up from Rs 2,620 crore in the corresponding period last year. Operating profit for the half-year rose 14.41% to Rs 5,144 crore, while NII grew 16.65% to Rs 6,539 crore. Fee-based income saw a modest increase of 3.46% to Rs 836 crore. The cost-to-income ratio for the half-year improved to 37.34%, and ROA rose to 1.81%, up from 1.73% last year. ROE for the half-year stood at 22.30%, compared to 25.68% in the previous year.
The bank’s total business expanded 14.20% year-on-year to Rs 5,63,909 crore, with deposits rising 12.13% to Rs 3,09,791 crore and gross advances increasing 16.83% to Rs 2,54,118 crore. The credit-deposit ratio improved to 82.03%. Retail, agriculture, and MSME (RAM) advances grew 16.94%, with retail advances alone surging 37.45% year-on-year. CASA deposits rose 14.54% to Rs 1,55,979 crore, with CASA share improving to 50.35% of total deposits.
Asset quality continued to strengthen, with gross non-performing assets (NPA) declining to 1.72% from 1.84% a year ago and net NPA falling to 0.18% from 0.20%. The provision coverage ratio remained high at 98.34%. The bank maintained a cumulative Covid-19 provision of Rs 1,200 crore. Capital adequacy under Basel III norms improved to 18.13%, with Tier I capital at 14.96% and CET1 at 14.05%.
The balance sheet showed a healthy expansion, with total liabilities rising to Rs 3,73,729 crore from Rs 3,16,975 crore a year ago. Deposits and borrowings contributed significantly to this growth, with borrowings more than doubling to Rs 24,924 crore. Reserves and surplus increased sharply to Rs 23,915 crore from Rs 15,605 crore. On the asset side, net advances rose to Rs 2,50,188 crore, while investments grew to Rs 96,422 crore.
Cash and balances with the Reserve Bank of India stood at Rs 17,276 crore, and fixed assets increased to Rs 2,904 crore.
The bank’s performance reflects its strategic emphasis on retail growth, asset quality improvement, and operational efficiency. A detailed investor presentation has been made available on the bank’s website.
