Conference Call with Bank of Maharashtra Management and Analysts on Q1FY27 Performance and Outlook. Listen to the full earnings transcript.
Bank of Maharashtra announced Q1FY27 results Standalone Financial Highlights: Total Income: Reached Rs 9,06,329 lakh for Q1FY27. This marks a YoY growth of 15.03% compared to Rs 7,87,882 lakh in Q1FY26, and a QoQ increase of 4.26% from Rs 8,69,304 lakh in Q4FY26. For FY26, the total income was Rs 32,82,253 lakh. Operating Profit: Stood at Rs 3,11,717 lakh for Q1FY27, registering a YoY increase of 21.29% from Rs 2,56,994 lakh and a QoQ growth of 5.81% from Rs 2,94,606 lakh. For FY26, operating profit was Rs 10,82,582 lakh. Net Profit: Reported at Rs 2,02,019 lakh for Q1FY27. This reflects a YoY surge of 26.84% from Rs 1,59,276 lakh in the corresponding quarter of the previous year, and a marginal QoQ increase of 0.30% from Rs 2,01,409 lakh. The annual net profit for FY26, was Rs 7,01,932 lakh. Earnings Per Share (EPS): Basic and diluted EPS (not annualized) for Q1FY27, improved to Rs 2.63 compared to Rs 2.07 in Q1FY26, and Rs 2.62 in Q4FY26. Consolidated Financial Highlights: Total Income: Stood at Rs 9,06,353 lakh for Q1FY27, showcasing a YoY increase of 15.03% from Rs 7,87,918 lakh, and a QoQ growth of 4.26% from Rs 8,69,346 lakh. For FY26, consolidated total income was Rs 32,82,372 lakh. Operating Profit: Recorded at Rs 3,11,763 lakh for Q1FY27, indicating a YoY growth of 21.29% from Rs 2,57,040 lakh, and a QoQ increase of 5.80% from Rs 2,94,660 lakh. Net Profit (after minority interest): Reached Rs 2,02,332 lakh for Q1FY27. This translates to a YoY jump of 34.49% from Rs 1,50,437 lakh, and a slight QoQ decline of 1.05% from Rs 2,04,488 lakh. Annual consolidated net profit for FY26, was Rs 7,01,686 lakh. Business Highlights: Segment-wise Performance: Treasury Operations: Rs 2,03,706 lakh (Up 11.13% YoY from Rs 1,83,303 lakh, and up 14.49% QoQ from Rs 1,77,923 lakh). Corporate / Wholesale Banking: Rs 3,00,937 lakh (Up 15.54% YoY from Rs 2,60,464 lakh, and up 2.15% QoQ from Rs 2,94,606 lakh). Retail Banking: Rs 3,95,036 lakh (Up 16.44% YoY from Rs 3,39,252 lakh, and up 1.12% QoQ from Rs 3,90,645 lakh). Other Banking Operations: Rs 6,650 lakh (Up 36.75% YoY from Rs 4,863 lakh, and up 8.48% QoQ from Rs 6,130 lakh). Asset Quality: The Gross NPA ratio stood at 1.45% as of June 30, 2026, improving from 1.74% in the corresponding quarter last year and remaining stable QoQ compared to 1.45% as of March 31, 2026. The Net NPA ratio improved to 0.13%, down from 0.18% YoY and stable against 0.13% QoQ. Provision Coverage: The Non-Performing Assets Provision Coverage Ratio stood at a robust 98.55% (including technically written off) as of June 30, 2026, compared to 98.36% as of June 30, 2025. Contingency Provisions: The Bank continues to hold COVID-19 related provisions as contingency provisions amounting to Rs 760 crore as of June 30, 2026. The management reassessed these provisions and reversed an amount of Rs 250 crore during Q1FY27. Fraud Reporting: During Q1FY27, the Bank reported 47 fraud cases involving an amount of Rs 106.22 crore. The Bank is holding a provision of Rs 103.84 crore against the extent of this loss. It was noted that there was no case related to digital payment fraud where the Bank suffered any loss. Regulatory Penalties: During the quarter, the Reserve Bank of India levied penalties of Rs 0.02 crore on the bank. Result PDF