BoM Q1 Net Profit Soars 27% to Rs 2,020 Cr

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Jul 10, 2026 15:30

Bank of Maharashtra reports 27% net profit jump to Rs 2,020 Cr in Q1. Total income rose to Rs 9,063 Cr, with improved asset quality and declining NPAs.

BoM Q1 Net Profit Soars 27% to Rs 2,020 Cr

New Delhi, Jul 10 (PTI) Bank of Maharashtra (BoM) on Friday reported a 27 per cent jump in net profit to Rs 2,020 crore for the first quarter of the current fiscal.

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, the state-owned lender said in a regulatory filing.

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

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.

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

Source: PTI By Rediff Money Desk, New Delhi

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