Net interest income (NII) rose 18.81% year-on-year (YoY) to Rs 3,702 crore in Q4FY26 from Rs 3,116 crore in Q4FY25, while also registering an 8.19% sequential increase.
Operating profit grew 16.92% YoY to Rs 2,946 crore in Q4FY26, compared with Rs 2,520 crore in the year-ago period, and rose 7.69% quarter-on-quarter (QoQ).
Net revenues, comprising net interest income and other income, increased 13.26% YoY to Rs 4,640 crore in Q4FY26 from Rs 4,097 crore in Q4FY25. On a sequential basis, revenues were up 6.55%.
Asset quality improved during the quarter, with gross NPA declining to 1.45% as of March 31, 2026, compared with 1.74% a year ago and 1.60% in the previous quarter. Net NPA also eased to 0.13% from 0.18% in the year-ago period and 0.15% in the preceding quarter.
The provision coverage ratio stood at 98.59% as of March 31, 2026, improving from 98.26% a year earlier and 98.41% as of December 31, 2025.
As of March 31, 2026, total business grew 17.47% YoY to Rs 6.43 lakh crore. Total deposits rose 14.14% to Rs 3.50 lakh crore, while gross advances increased 21.74% to Rs 2.91 lakh crore. Net advances also rose 22.03% to Rs 2.88 lakh crore.The RAM segment, comprising retail, agriculture, and MSME, expanded 20.74% YoY. Within this, retail advances surged 32.39% to Rs 85,857 crore, while MSME advances grew 10.71% to Rs 53,547 crore.
For FY26, net profit rose 27.17% to Rs 7,019 crore, while net interest income increased 17.13% to Rs 13,664 crore. The domestic net interest margin stood at 3.91%.
The bank has proposed a final dividend of 12%, or Rs 1.20 per equity share, for FY26. This is in addition to the interim dividend of 10%, or Rs 1.00 per share, already declared and paid.
Bank of Maharashtra shares traded 6% higher, hitting the day’s high of Rs 77 on the NSE.
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