The December quarter turned out to be a steady one for Bank of Maharashtra Q3 results, as the government-owned lender delivered consistent growth across profits, income, and balance sheet strength. The numbers tell a simple story—higher earnings, improving asset quality, and controlled margins, without any dramatic swings.
From a market sentiment perspective, this quarter reflects execution discipline rather than one-off surprises.
Market Performance Snapshot
In Q3FY26, Bank of Maharashtra reported a 26.50% year-on-year rise in consolidated profit, reflecting stronger operating performance and stable core banking income.
- Net profit: ₹1,779.58 crore
- Q3FY25 net profit: ₹1,406.73 crore
The profit growth came alongside higher income and improved margins, keeping the overall earnings profile balanced.
Main Q3 Financial Highlights
The December quarter saw healthy income growth, supported by stable interest earnings and improved operating leverage.
Income and Profitability
- Total income: ₹8,277.22 crore
- Up 16.4% YoY from ₹7,112.66 crore
- Operating profit: ₹2,735.90 crore
- Up nearly 19% YoY from ₹2,303.39 crore
Margins also moved in the right direction during the quarter.
- Net profit margin: 21.68%
- Q3FY25: 19.83%
- Operating margin: 33.21%
- Q3FY25: 32.43%
These improvements show better cost control and steady revenue contribution.
Net Interest Income and Margins
Core banking income remained supportive of overall results.
- Net Interest Income (NII): ₹3,422 crore
- Growth of 16.27% YoY
- Q3FY25 NII: ₹2,943 crore
However, margins were slightly softer on a year-on-year basis.
- Net Interest Margin (NIM): 3.86%
- Q3FY25: 3.98%
The modest dip in NIM indicates margin pressure but remains within a stable range.
Business Growth: Deposits and Advances
The bank continued to expand its balance sheet during the quarter, supported by deposit mobilisation and credit growth.
- Total deposits: ₹3,21,661 crore
- Growth of 15.29% YoY
- Global gross advances: ₹2,73,502 crore
- Growth of 19.62% YoY
Both deposits and advances showed steady momentum, supporting income growth without aggressive expansion.
Asset Quality Update
Asset quality trends improved further during the December quarter, strengthening the overall financial position.
- Gross NPA: 1.60%
- Q3FY25: 1.80%
- Net NPA: 0.15%
- Q3FY25: 0.20%
Provision buffers also improved slightly.
- Provision Coverage Ratio: 98.41%
- December 2024: 98.28%
In addition, the bank maintained a cumulative Covid-19 provision of ₹1,200 crore as of December 31, 2025.
Dividend Announcement
Alongside the Q3 results, the board approved an interim payout.
- Interim dividend: ₹1 per equity share
- Face value: ₹10 per share
- Applicable for: FY26 (nine months)
The dividend remains within RBI’s permissible limits.
Summary of Bank of Maharashtra Q3 Results
The Bank of Maharashtra Q3 results present a picture of steady, controlled growth. Profit rose sharply year-on-year, income expanded at a healthy pace, and asset quality improved further. While margins saw mild pressure, they stayed stable overall.
Key takeaways from the quarter:
- Profit growth of 26.50% YoY
- Total income up 16.4% YoY
- Strong deposit and advance growth
- Improving NPAs and high provision coverage
Overall, the December quarter reinforces the bank’s steady performance trend, marked by consistency rather than volatility.
Source: Livemint
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