Bank of Maharashtra Q1 Results FY27: Net Profit Up 27% to Rs 2,020 Crore

Introduction

Bank of Maharashtra kicked off FY27 with solid quarterly performance, supported by healthy growth in profitability, advances and overall business operations. The public sector lender posted a 26.84% year-on-year (YoY) increase in net profit to Rs 2,020 crore, supported by higher net interest income, robust credit growth and continued improvement in asset quality. The bank also maintained healthy capital levels while keeping non-performing assets among the lowest in the public sector banking space . For investors tracking banking stocks through the best trading app, Bank of Maharashtra's Q1 FY27 performance reflects steady operational execution despite a competitive lending environment. Strong growth in advances, improving profitability ratios and stable asset quality remained the key highlights of the quarter.

Bank of Maharashtra Q1 Results FY27: Financial Highlights

The bank reported double-digit growth across most operating parameters during the June quarter. The bank reported healthy year-on-year growth in net profit, operating profit and net interest income, while deposits and advances continued to register steady expansion.

 

Bank of Maharashtra Q1 FY27 Earnings Analysis

• Strong Profit Growth Continues

Bank of Maharashtra reported a 26.84% year-on-year increase in net profit to Rs 2,020 crore, compared with Rs 1,593 crore in Q1 FY26. On a sequential basis, profit remained stable, rising 0.31% over the previous quarter, reflecting consistent earnings momentum. Operating profit also increased 21.29% YoY to Rs 3,117 crore, highlighting improved operational performance.

• Healthy Growth in Core Banking Income

The bank's Net Interest Income (NII), a key measure of lending performance, grew 14.53% YoY to Rs 3,770 crore, up from Rs 3,292 crore in the corresponding quarter last year. Sequentially, NII rose 1.82%, supported by healthy credit growth and stable interest earnings.

• Loan Growth Outpaces Deposit Growth

Bank of Maharashtra continued to expand its business during the quarter, with Total Global Business increasing 19.10% YoY to Rs 6.50 lakh crore. Gross advances registered a strong 26.90% growth to Rs 3.06 lakh crore, while global deposits rose 12.93% to Rs 3.44 lakh crore. The bank's domestic Credit-Deposit (CD) Ratio stood at 86.58%, reflecting continued momentum in lending activities.

• Improved Operating Efficiency

Operational efficiency strengthened during the quarter as the Cost-to-Income Ratio improved to 35.04%, compared with 37.57% in Q1 FY26. The bank also reported a Return on Assets (ROA) of 1.90%, indicating improved profitability from its asset base.

• Stable Earnings with Controlled Provisions

Provisions (excluding taxes) stood at Rs 840 crore during Q1 FY27, compared with Rs 867 crore in the year-ago quarter. Meanwhile, Profit Before Tax (PBT) increased 33.73% YoY to Rs 2,277 crore, reflecting the bank's healthy earnings growth during the quarter.

 

Bank of Maharashtra Q1 Results FY27: Key Business Drivers

Healthy Expansion Across Retail, Agriculture and MSME Businesses

Bank of Maharashtra continued to witness strong momentum in its Retail, Agriculture and MSME (RAM) portfolio during the June quarter. The bank reported 25.11% YoY growth in RAM business, highlighting broad-based credit demand across key lending segments. Retail advances increased 24.59% YoY to Rs 89,661 crore, while MSME advances rose 23.17% YoY to Rs 55,386 crore. The sustained growth in these segments contributed significantly to the bank's overall advance growth during the quarter.

Advances Continue to Drive Overall Business Growth

Total Global Business crossed Rs 6.50 lakh crore, registering 19.10% YoY growth. Gross Global Advances grew at a faster pace of 26.90% to Rs 3,05,964 crore, while Net Advances increased 27.22% to Rs 3,01,934 crore. Meanwhile, Global Deposits stood at Rs 3,44,493 crore, reflecting 12.93% growth over the previous year . The bank's continued expansion in its loan book indicates healthy credit demand across segments, while its deposit base remained strong enough to support business growth. The Domestic Credit-Deposit (CD) Ratio stood at 86.58% as of June 30, 2026.

Bank of Maharashtra Q1 Results FY27 Asset Quality

Asset quality remained one of the strongest aspects of Bank of Maharashtra's Q1 FY27 performance. The bank reported a Gross Non-Performing Asset (GNPA) ratio of 1.45%, improving from 1.74% recorded a year ago. Sequentially, GNPA remained stable compared to March 2026.

Net NPA stood at 0.13%, compared with 0.18% in the corresponding quarter last year and remained unchanged sequentially. The consistently low Net NPA ratio reflects the bank's healthy recovery performance and prudent risk management practices.

Further strengthening its balance sheet, the bank's Provision Coverage Ratio (PCR) improved to 98.55%, compared with 98.36% a year ago, indicating strong provisioning buffers against stressed assets.

Bank of Maharashtra Q1 Results FY27 Profitability and Efficiency

Along with higher profits, Bank of Maharashtra also reported improvement in key profitability metrics during the quarter.

• Return on Assets (ROA): 1.90%

• Return on Equity (ROE): 24.65%

• Domestic Net Interest Margin (NIM): 3.85%

• Cost-to-Income Ratio: 35.04%

The improvement in ROA and ROE reflects stronger earnings generation, while the lower cost-to-income ratio indicates better operating efficiency. A stable NIM also suggests that the bank maintained healthy spreads despite changes in the interest rate environment.

Capital Adequacy Remains Strong

Bank of Maharashtra maintained comfortable capital buffers during the quarter. The bank reported a Capital Adequacy Ratio (CRAR) of 18.64%, while its Tier I ratio stood at 16.35%. Additionally, the Common Equity Tier 1 (CET1) ratio improved to 15.56%, providing adequate capital support for future business growth . A strong capital position enables the bank to continue expanding its lending book while maintaining regulatory requirements and financial stability.

Bank of Maharashtra Q1 Results FY27 Outlook

Bank of Maharashtra delivered another quarter of healthy growth in profitability, advances and overall business while maintaining strong asset quality. Going forward, investors may closely track deposit growth, credit expansion, asset quality trends and margin performance to assess whether the bank can sustain its growth momentum during the remaining quarters of FY27 . The bank's strong capital position, low NPAs and improving profitability ratios provide a solid foundation as it enters the rest of the financial year.

Bank of Maharashtra Share Price Performance

Bank of Maharashtra shares traded with limited gains after the Q1 FY27 results announcement. The stock closed at Rs 82.50, up 0.61%, after touching an intraday high of Rs 87.40 and a low of Rs 82.24. The muted price movement suggests investors had largely priced in the strong quarterly performance.

Conclusion

Bank of Maharashtra delivered a strong Q1 FY27 with healthy growth in profit, advances and business, while maintaining robust asset quality and capital strength. The results reflect the bank's consistent operational performance and provide a positive start to FY27 . If you're looking to invest in banking stocks, you can open demat and trading account with Enrich Money to access research tools, real-time market data and seamless investing. Whether you're a beginner or an experienced investor, a well-managed trading account can help you make informed investment decisions.

FrequentlyAsked Questions

What was Bank of Maharashtra's net profit in Q1 FY27?

Bank of Maharashtra reported a net profit of Rs 2,020 crore in Q1 FY27, up 26.84% from Rs 1,593 crore in the corresponding quarter last year.

How much did Bank of Maharashtra's Net Interest Income (NII) grow in Q1 FY27?

The bank's Net Interest Income (NII) increased 14.53% YoY to Rs 3,770 crore in the quarter ended June 30, 2026.

What were Bank of Maharashtra's GNPA and NNPA in Q1 FY27?

As of June 30, 2026, the bank reported a Gross NPA of 1.45% and a Net NPA of 0.13%, reflecting strong asset quality.

How did Bank of Maharashtra's advances perform in Q1 FY27?

Gross Global Advances grew 26.90% YoY to Rs 3,05,964 crore, while Net Advances increased 27.22% to Rs 3,01,934 crore.

What was Bank of Maharashtra's Capital Adequacy Ratio in Q1 FY27?

The bank reported a Capital Adequacy Ratio (CRAR) of 18.64%, with a Tier I ratio of 16.35%, indicating a strong capital position.

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