Bank of Maharashtra has reported a strong financial performance for the quarter and fiscal year ending March 31, 2025, reflecting notable growth across key metrics. Total business expanded by 15.30% year-over-year, reaching US Rs. 5.47 trillion, with deposits growing by 13.44% to US Rs. 3.07 trillion and gross advances increasing by 17.76% to US Rs. 2.40 trillion. The credit-deposit ratio stood at 78.09%, showcasing efficient capital utilization.
Profitability remained on an upward trajectory, with a net profit of US Rs. 14.93 billion for the fourth quarter, marking a 22.62% increase compared to the previous year. Operating profit rose by 14.03% to US Rs. 25.20 billion, while net interest income surged by 20.59% to US Rs. 31.16 billion. The net interest margin improved to 4.01%, reinforcing the bank’s strong asset performance.
The bank maintained a high provision coverage ratio of 98.26%, further strengthening asset quality. Gross non-performing assets improved to 1.74%, while net NPA fell to 0.18%, underscoring effective risk management. Over the fiscal year, the bank posted a net profit of US Rs. 55.20 billion, reflecting a 36.12% growth year-over-year. Return on assets improved to 1.75%, while return on equity stood at 22.92%, highlighting enhanced shareholder value.
Capital adequacy remained solid, with the Basel III capital adequacy ratio at 20.53%, supported by an equity capital raise of US Rs. 35 billion at US Rs. 57.36 per share and a Tier II bond issuance of US Rs. 10 billion at a 7.89% coupon rate. Retail, agriculture, and MSME lending grew by 19.68% year-over-year, with retail advances increasing by 25.38% to US Rs. 648.53 billion, demonstrating the bank’s commitment to strengthening key loan segments.
With its continued focus on credit expansion, cost efficiency, and prudent asset management, the bank remains well-positioned for sustained growth in India’s evolving financial landscape. A dividend of 15%, or US Rs. 1.50 per equity share, has been proposed for FY25, reinforcing its commitment to shareholder returns.
