Bank of Maharashtra's Q1 FY2025-26 Quarterly Results
- 2d ago
Result Summary
- Bank of Maharashtra reported a 21.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 16.4%.
- Its expenses for the quarter were up by 24.1% QoQ and 18.7% YoY.
- The net profit increased 22.3% QoQ and increased 16.2% YoY.
- The earnings per share (EPS) of Bank of Maharashtra stood at 2 during Q1 FY2025-26.
Financial Statments for Q1FY26
| (₹ crores) | Q1FY26 | Q4FY25 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 7879.18 | 6488.48 | 6768.76 | 21.4% | 16.4% |
Total Expenses | 5308.78 | 4278.58 | 4474.16 | 24.1% | 18.7% |
Provisions & contingencies | 867.41 | 942.28 | 950.50 | -7.9% | -8.7% |
Profit Before Tax | 1702.99 | 1267.62 | 1344.10 | 34.3% | 26.7% |
Tax | 109.90 | 49.71 | 50.42 | 121.1% | 118.0% |
Profit After Tax | 1504.37 | 1229.87 | 1295.09 | 22.3% | 16.2% |
Earnings Per Share | 2.00 | 1.70 | 1.80 | 17.6% | 11.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Bank of Maharashtra is a prominent public sector bank in India, primarily engaged in providing a wide range of banking and financial services. It serves a broad clientele, including individuals, businesses, and government entities, through its vast network of branches across the country. The bank offers services such as personal banking, corporate banking, SME banking, agricultural banking, and other financial products like loans, deposits, and credit cards. As a public sector bank, it plays a crucial role in supporting economic growth by facilitating financial inclusion and providing credit to various sectors. The bank's operations are significantly impacted by regulatory changes in the banking industry, economic conditions, and government policies. However, no specific recent major developments have been cited in the provided data.
Bank of Maharashtra's Revenue
In the first quarter of fiscal year 2026 (Q1 FY2025-26), Bank of Maharashtra reported a total income of ₹7879.18 crores. This represents a significant increase of 21.4% compared to the previous quarter (Q4FY25) and a 16.4% increase on a year-over-year basis compared to the first quarter of fiscal year 2025 (Q1FY25). The quarter-over-quarter growth suggests a strong performance in revenue generation, likely driven by increased business activity or improved interest income. The year-over-year increase also reflects sustained growth over the past year. Despite the absence of specific details on income composition, the data indicates that the bank has successfully enhanced its total income over the reported period.
Bank of Maharashtra's Profitability
Bank of Maharashtra's profitability metrics for Q1 FY2025-26 reflect substantial growth. The profit before tax for the quarter stood at ₹1702.99 crores, marking a 34.3% increase from the previous quarter and a 26.7% rise compared to the same quarter last year. The provisions and contingencies decreased by 7.9% on a quarterly basis and by 8.7% year-over-year, indicating effective management of credit risk and potential bad debts. The profit after tax improved to ₹1504.37 crores, representing a 22.3% increase quarter-over-quarter and a 16.2% increase year-over-year. The tax expense saw a significant rise, with a 121.1% increase from the previous quarter and a 118.0% increase from the same period last year, which could be attributed to higher taxable income.
Bank of Maharashtra's Operating Metrics
The bank's total expenses increased to ₹5308.78 crores in Q1 FY2025-26, showing a 24.1% quarter-over-quarter rise and an 18.7% year-over-year increase. This rise in expenses may reflect increased operational activities or cost pressures. Despite the increase in expenses, the bank managed to improve its earnings per share (EPS), which rose to ₹2.00 in Q1 FY2025-26, from ₹1.70 in the previous quarter and ₹1.80 in the same quarter last year, illustrating a 17.6% and 11.1% increase respectively. This improvement in EPS suggests efficient management of resources and effective cost control measures, contributing to the bank's overall profitability.