The bank’s return on assets (RoA) improved to 1.86% in Q3FY26, compared to 1.78% in the corresponding quarter last year.On the liabilities side, total deposits rose 15.29% year-on-year, supported by a 20% increase in current deposits and a 14.69% increase in time deposits. Savings deposits also grew by 14.49% during the period.
Gross advances rose 19.62% year-on-year, while retail advances recorded strong growth of 36.4%. MSME advances increased by 7.54% during the same period.
The bank continued to strengthen its asset quality metrics. Gross non-performing assets (gross NPA) fell to 1.60% from 1.80% a year ago, while net NPA fell to 0.15% from 0.20%, indicating stricter scrutiny of bad loans.
Operating profit for the quarter rose 18.78% year-on-year. The cost-to-income ratio improved to 37.19% from 38.27% in the third quarter, reflecting better operational efficiency. Overall, total revenue grew 17.24% year over year in the December quarter.
As of December 2025, the number of outstanding shares of Bank of Maharashtra stood at 769 crore. The bank’s market capitalization rose to Rs 47,726 crore, while its net worth reached Rs 29,923 crore.
Return on equity improved to 23.79% and return on assets was 1.86%. The bank reported earnings per share (non-annualized) of Rs 2.31 for the quarter, and book value per share (excluding revaluation reserves) rose to Rs 38.90.
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