Bank of Maharashtra Q2 FY2026 Earnings Review

Bank of Maharashtra Ltd. reported its second-quarter earnings for the fiscal year 2026, leading to a share price decline of approximately 4.5% to ₹54.97 following the announcement on Tuesday, October 14, 2025. The bank delivered robust core income growth, with Net Interest Income (NII) expanding by 15.7% year-over-year (YoY) to ₹3,248 crore, up from ₹2,807 crore. Net profit also saw a substantial rise, increasing by 23.2% to ₹1,633 crore, compared to ₹1,327 crore in the corresponding period last year. However, investor concerns appear centered on asset quality metrics. While the percentage Gross Non-Performing Assets (GNPA) improved slightly to 1.72% from 1.74% sequentially, the absolute GNPA increased to ₹4,372 crore from ₹4,206 crore in the previous quarter. Furthermore, gross slippages remained elevated at ₹712 crore, though marginally lower than the ₹730 crore recorded in June. Net NPA saw a slight absolute increase to ₹442.1 crore, maintaining a sequential percentage of 0.18%. Operational performance highlights include: Global Business Growth: Increased by 14.2% YoY to ₹5.63 lakh crore. Advances Growth: Global advances grew by 16.87% YoY to ₹2.54 lakh crore. Deposit Growth & CASA: Total deposits increased by 12.1% to ₹3.09 lakh crore. The bank's strong Current Account and Savings Account (CASA) franchise saw a 14.55% increase to ₹1.55 lakh crore, with the CASA ratio expanding to 50.35%. The market reaction suggests a focus on the bank's ability to contain fresh slippages and further improve its asset quality profile despite otherwise strong growth in NII, profitability, and business metrics.