Ketan Mittal (SEBI RA)
27 Oct • 1:30 PM · SEBI-Registered Analyst
Bank of Maharashtra posts a solid 41% profit growth
Bank of Maharashtra (NSE: MAHABANK) reported Q2 FY27 net profit of ₹2,310 crore, up 41.4% year-on-year. Net interest income grew 21.8% to ₹3,954 crore, while gross NPA improved to 1.25% from 1.45% in the previous quarter. What happened? The public-sector lender delivered strong growth across profitability and lending: Operating profit: Increased 30.9% to ₹3,369 crore. Global business: Grew 25.2% to ₹7.06 lakh crore. Global deposits: Increased 21.5% to ₹3.76 lakh crore. Gross advances: Grew 29.6% to ₹3.29 lakh crore. Net NPA: Improved to 0.12% from 0.13% in the previous quarter. The cost-to-income ratio also improved to 33.73% from 37.10% a year earlier, indicating better operating efficiency. My analysis The key positive is that profit growth is accompanied by stronger operating performance and improving asset quality. Net interest income grew 21.8%, while operating profit rose 30.9%. This suggests the bank is benefiting from lending growth and operating leverage, rather than relying solely on lower provisions or one-off gains.
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