Bank of Maharashtra's Q2 FY 2025-26 Quarterly Results

Result Summary

• Bank of Maharashtra reported a 1.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 17.1%.
• Its expenses for the quarter were up by 1.7% QoQ and 17.2% YoY.
• The net profit increased 10.9% QoQ and increased 25.2% YoY.
• The earnings per share (EPS) of Bank of Maharashtra stood at 2.17 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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 services to its customers, including retail banking, corporate banking, treasury operations, and various financial services. The bank operates extensively across India, with a significant presence in the western region of the country. As a government-owned financial institution, it plays a crucial role in implementing government schemes and initiatives aimed at financial inclusion. The bank's focus on expanding its reach and enhancing its digital banking capabilities has been a key area of development in recent years. While specific recent developments are not detailed in the provided data, the bank continues to adapt to the evolving financial landscape in India.

Revenue

During the second quarter of the fiscal year 2026 (Q2FY26), Bank of Maharashtra reported a total income of ₹7973.86 crores. This represents a quarter-over-quarter (QoQ) increase of 1.2% from ₹7879.18 crores in the first quarter of fiscal year 2026 (Q1FY26). Comparatively, there was a year-over-year (YoY) growth of 17.1% from ₹6809.43 crores in the second quarter of fiscal year 2025 (Q2FY25). The incremental rise in total income highlights the bank's continued growth trajectory over the year and the quarter, showcasing its ability to generate higher revenue streams.

Profitability

In Q2FY26, Bank of Maharashtra recorded a profit before tax (PBT) of ₹1818.86 crores, marking a 6.8% increase from ₹1702.99 crores in Q1FY26, and a substantial 31.8% YoY growth from ₹1380.26 crores in Q2FY25. The profit after tax (PAT) for Q2FY26 was ₹1668.61 crores, reflecting a 10.9% QoQ increase from ₹1504.37 crores in Q1FY26, and a 25.2% YoY increase from ₹1332.77 crores in Q2FY25. The tax expense for Q2FY26 was ₹185.36 crores, which increased significantly by 68.7% QoQ and 248.6% YoY. These figures illustrate robust profitability performance, with marked increases in both PBT and PAT, despite a notable rise in tax expenses.

Operating Metrics

The bank's total expenses for Q2FY26 were ₹5399.12 crores, up by 1.7% from ₹5308.78 crores in Q1FY26, and by 17.2% from ₹4607.06 crores in Q2FY25. Provisions and contingencies decreased by 12.9% QoQ to ₹755.88 crores in Q2FY26, from ₹867.41 crores in Q1FY26, and showed an 8.1% YoY decrease from ₹822.11 crores in Q2FY25. Earnings per share (EPS) for Q2FY26 stood at ₹2.17, a QoQ rise of 10.7% from ₹1.96 in Q1FY26, and a YoY increase of 15.4% from ₹1.88 in Q2FY25. The trend in provisions and contingencies indicates a decrease over both the quarter and the year, which, along with the increase in EPS, reflects on the bank's operational efficiency and shareholder value enhancement over the periods analyzed.