State-owned Bank of Maharashtra posted a 26.5 per cent rise in net profit to Rs 1,779 crore for the third quarter ended December 2025. The lender had posted a net profit of Rs 1,406 crore in the October-December period a year ago.
The bank’s total income increased to Rs 8,277 crore during the quarter under review from Rs 7,112 crore in the same period previous year. The bank earned an interest income of Rs 7,344 crore during the quarter compared to Rs 6,325 crore a year ago.
Net Interest Income (NII) grew 16 per cent to Rs 3,422 crore in Q3FY26 as against Rs 2,943 crore in Q3FY25.
Dividend approved
Bank of Maharashtra’s board has approved an interim dividend of 10 per cent on the equity shares of the bank, i.e., Rs 1 per share having a face value of Rs 10 each, for the financial year 2025-26, BoM Managing Director and CEO Nidhu Saxena said during a media interaction.
Loan book growth
The bank was able to reduce gross Non-Performing Assets (NPAs) to 1.60 per cent of gross loans by the end of December 2025 from 1.80 per cent in the year-ago period.
Similarly, net NPAs or bad loans came down to 0.15 per cent from 0.2 per cent at the end of the third quarter of the previous fiscal. As a result, the bank’s provision and contingencies declined to Rs 728 crore as against Rs 841 crore in the same period a year ago.
However, the Capital Adequacy Ratio of the bank witnessed moderation at 17.06 per cent as compared to 18.71 per cent at the end of the third quarter of previous year.
At the same time, the Net Interest Margin (NIM) of the bank also declined to 3.88 per cent from 3.98 per cent at the end of December 2024.
The Provision Coverage Ratio (PCR) as of December 31, 2025, was 98.41 per cent as against 98.28 per cent at the end of the third quarter of the previous year.
Bank of Maharashtra’s Return on Assets (ROA) improved to 1.86 per cent for Q3FY26 against 1.78 per cent for Q3FY25.
9M FY26 per formance
During three quarters, the Bank of Maharashtra reported a net profit of Rs 5,005 crore compared to Rs 4,027 crore in the nine-month period of the previous year.
Total income also increased to Rs 24,129 crore from Rs 20,690 crore in the nine-month period of the last financial year.
Operating profit grew by 16 per cent to Rs 7,880 crore as of December 2025, compared to Rs 6,799 crore in the nine months ended December 2024.
The bank holds a cumulative Covid-19 provision of Rs 1,200 crore as of December 31, 2025.