Overview
- Bank of Maharashtra reported March-quarter net profit of Rs 2,014 crore, up 34.9% year on year, on stronger loan growth, higher net interest income and better asset quality with gross NPAs at 1.45% and net at 0.13%.
- Management set FY27 goals that include roughly 18% credit growth, 14–15% deposit growth, a current-and-savings account mix near 50% and a net interest margin around 3.75%.
- The bank created a voluntary Rs 200 crore provision to cushion any fallout from geopolitical risks even though no rule required it.
- The board approved funding plans for growth that span Rs 7,500 crore via equity and debt, Rs 10,000 crore in infrastructure bonds and $500 million in foreign-currency bonds through its GIFT City unit.
- Following the results and guidance, shares rose about 5–6% to intraday highs near Rs 80–81 as Systematix lifted its target to Rs 88 and HDFC Securities maintained a Buy rating.