Bank of Maharashtra Q1 Profit Jumps 27% to Rs 2,020 Cr

New Delhi, Jul 10 (PTI) Public sector lender Bank of Maharashtra (BoM) on Friday reported a 27 per cent jump in net profit to Rs 2,020 crore for the April-June quarter of the current fiscal, helped by a decline in bad loans and improvement in interest income.

The Pune-based lender had posted a net profit of Rs 1,593 crore in the year-ago period.

Total income in the quarter under review rose to Rs 9,063 crore from Rs 7,879 crore in the same period a year ago, BoM said in a regulatory filing.

Commenting on quarterly numbers, BoM managing director and CEO Nidhu Saxena said that Return on Assets (ROA) improved to 1.9 per cent against 1.8 per cent in the first quarter of FY26.

Interest earned by the bank grew to Rs 8,037 crore as compared to Rs 7,054 crore in the June quarter of FY26.

Net Interest Income (NII) grew by 15 per cent to Rs 3,770 crore in Q1FY27 as against Rs 3,292 crore for Q1FY26.

Operating Profit has shown a growth of 21 per cent to Rs 3,117 crore as against Rs 2,570 crore for the first quarter ended FY26.

Asked about the provision for Expected Credit Loss (ECL), he said the bank has made a provision of Rs 250 crore.


The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 1.45 per cent of gross advances at the end of the June quarter FY27 from 1.74 per cent a year ago.

Similarly, net NPAs or bad loans declined to 0.13 per cent as against 0.18 per cent in the year-ago period.

Provision Coverage ratio improved to 98.55 per cent as on June 30, 2026, as against 98.36 per cent as at the end of the first quarter of the previous financial year.

Capital adequacy ratio of the bank declined to 18.64 per cent from 20.06 per cent in the same quarter of FY24.

With regard to the IFSC Banking Unit (IBU), he said, the bank sanctioned loans of USD 965 million in 8-9 months.

The branch achieved break-even with a profit of Rs 25 crore in March 2026.

The bank plans to raise USD 500 million to fund business growth, he said, and the call would be taken at an appropriate time.

The board has already approved raising long-term funds by issuing foreign-currency bonds of up to USD 500 million in multiple tranches during 2026-27.