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Bank of Maharashtra Q2 results, quarter to Sep 2026

NSE: MAHABANKBSE: 532525BanksMid Cap

Face value ₹10 · Listed Apr 2004
Last close ₹81.00up ₹1.05 (1.31%)BSE ₹80.90

Share price at the NSE close on 29 Oct 2026. Previous close ₹79.95.

29 Oct: open ₹79.95, high ₹81.00, low ₹79.64

52-week range of traded prices to 29 Oct 2026
₹55.51Low, 9 Dec 2025₹94.50High, 29 Jun 2026
Market cap
₹62,302 Cr186th largest listed
P/E
7.78
P/B
1.67
Dividend yield
2.72%
ROE
23.3%
NIM
3.83%
Gross NPA
1.25%
Net NPA
0.12%
CET1
15.61%
ROA
1.76%
Volume, NSE
98,00,17543.7% delivered

Bank of Maharashtra filed its Q2 results for the quarter to Sep 2026 on 26 Oct 2026 at 6:21 pm, consolidated: the company and its subsidiaries together.

Q2 results, quarter to Sep 2026

₹ crore.Bank of Maharashtra annual results and balance sheet

Total income
₹9,736 Cr+22.1% on a year ago · +7.4% on the quarter before
Net profit
₹2,136 Cr+28.0% on a year ago · +5.6% on the quarter before
Earnings per share
₹2.78+28.1% on a year ago · +5.7% on the quarter before
Net interest income
₹3,955 Cr
Profit before provisions
₹3,369 Cr
Gross bad loans
1.25%

From interest earned to net profit, ₹ crore

  1. Interest earned8,606
  2. Interest paid−4,652
  3. Net interest income3,955
  4. Other income+1,129
  5. Operating expenses−1,715
  6. Before provisions3,369
  7. Set aside for bad loans−654
  8. Profit before tax2,715
  9. Tax−405
  10. Net profit2,136

Bank of Maharashtra results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Sep 2026. Results for the quarter to Dec 2026 are due by 14 Feb 2027, 45 days after it ends. Every company's dates are on the results calendar.Results filings and date

Total income and net profit by quarter, ₹ crore

  • Total income
  • Net profit
5,8521,038Dec 236,4881,230Mar 246,7691,295Jun 246,8091,333Sep 247,1131,412Dec 247,7121,502Mar 257,8791,504Jun 257,9741,669Sep 258,2771,799Dec 258,6932,045Mar 269,0642,023Jun 269,7362,136Sep 26

Net interest income and money set aside for bad loans by quarter, ₹ crore

  • Net interest income
  • Set aside for bad loans
2,466943Dec 232,585942Mar 242,799951Jun 242,807822Sep 242,944841Dec 243,117983Mar 253,292867Jun 253,248756Sep 253,423728Dec 253,703617Mar 263,770840Jun 263,955654Sep 26
₹ croreDec 2021Q3Mar 2022Jun 2022Q1Sep 2022Dec 2022Q3Mar 2023Jun 2023Q1Sep 2023Dec 2023Q3Mar 2024Jun 2024Q1Sep 2024Dec 2024Q3Mar 2025Q4Jun 2025Q1Sep 2025Q2Dec 2025Q3Mar 2026Q4Jun 2026Q1Sep 2026Q2
Total income3,8943,9483,7754,3184,7705,3175,4185,7365,8526,4886,7696,8097,1137,7127,8797,9748,2778,6939,0649,736
3,2823,4263,4573,8154,1314,4954,7895,0685,1725,4675,8756,0176,3256,7317,0547,1287,3447,7558,0358,606
On loans2,1062,2322,4102,6623,0463,3683,6733,8644,0264,2644,4584,6844,9175,2335,4075,4515,6475,9856,2666,823
On investments1,1041,0751,0011,1251,0441,0971,0821,1691,1101,0991,3011,3131,3671,3801,4931,6341,6511,7421,7241,704
On balances with the RBI and other banks3220228101317161886961031651433226173136
Other interest4199252131171718181820101053101220111343
Interest paid1,7551,8141,7721,9282,1492,3082,4492,6362,7052,8823,0753,2103,3813,6143,7623,8803,9224,0524,2644,652
Net interest income1,5271,6121,6861,8871,9812,1872,3402,4322,4662,5852,7992,8072,9443,1173,2923,2483,4233,7033,7703,955
Other income6115223175036408226296686801,0228947927889818258469339381,0291,129
9769568019281,0401,1541,1061,1791,1341,3961,3991,3971,4281,5781,5471,5191,6201,6951,6821,715
Profit before provisions1,1631,1791,2021,4621,5811,8551,8641,9212,0122,2102,2952,2022,3032,5202,5702,5752,7362,9473,1183,369
Set aside for bad loans752365548579582945776985943942951822841983867756728617840654
Exceptional items00000000000000000000
Profit before tax4108136548839999111,0889361,0701,2681,3441,3801,4631,5371,7031,8192,0082,3302,2772,715
Tax864582023482237120516345050535644110185228315257405
Share of profit of associates−1511−12–103121659−893519303−173
Net profitThe lines under it are parts of it, not all of it.3103564535357778408849201,0381,2301,2951,3331,4121,5021,5041,6691,7992,0452,0232,136
Earnings per share₹0.46₹0.53₹0.67₹0.79₹1.15₹1.25₹1.29₹1.30₹1.47₹1.74₹1.83₹1.88₹1.84₹1.94₹1.96₹2.17₹2.34₹2.66₹2.63₹2.78
Diluted earnings per share₹0.46₹0.53₹0.67₹0.79₹1.15₹1.25₹1.29₹1.30₹1.47₹1.74₹1.83₹1.88₹1.84₹1.94₹1.96₹2.17₹2.34₹2.66₹2.63₹2.78
Earnings per share in rupees, restated for later splits and bonuses. Share of profit of associates is left blank for the quarter to Mar 2023: the filing states 0 for this share both for the period and for the year so far, which the form also writes for a line it does not fill, while the company's other filings for the same year show it was not 0 over those months.
FigureDec 2021Q3Mar 2022Jun 2022Q1Sep 2022Dec 2022Q3Mar 2023Jun 2023Q1Sep 2023Dec 2023Q3Mar 2024Jun 2024Q1Sep 2024Dec 2024Q3Mar 2025Q4Jun 2025Q1Sep 2025Q2Dec 2025Q3Mar 2026Q4Jun 2026Q1Sep 2026Q2
Gross bad loans, ₹ crore6,1055,3275,2605,0394,6124,3344,0074,0173,8583,8333,8734,0104,1244,1854,2064,3724,3884,2464,4344,114
Net bad loans, ₹ crore1,5451,2771,206986715435414414405409415433443432434442412384405396
Gross bad loans, % of loans4.73%3.94%3.74%3.40%2.94%2.47%2.28%2.19%2.04%1.88%–1.84%–1.74%1.74%1.72%1.60%1.45%1.45%1.25%
Net bad loans, % of loans1.24%0.97%0.88%0.68%0.47%0.25%0.24%0.23%0.22%0.20%–0.20%–0.18%0.18%0.18%0.15%0.13%0.13%0.12%
Bad loans already provided for74.69%76.04%77.06%80.42%84.50%89.96%89.67%89.70%89.50%89.33%89.29%89.21%89.26%89.68%89.67%89.89%90.60%90.96%90.87%90.37%
Core equity to risk-weighted loans10.61%12.55%11.96%12.00%11.77%12.66%12.85%12.28%11.56%12.50%–––15.83%15.62%14.05%13.10%14.59%15.56%15.61%
Tier 1 capital–12.76%12.16%12.89%13.47%14.25%14.36%13.72%12.91%13.72%–––16.86%16.63%14.96%13.95%15.41%16.35%16.37%
Additional tier 1 capital–0.21%0.20%0.89%1.70%1.59%1.51%1.44%1.35%1.22%–––1.03%1.01%0.91%0.85%0.82%0.79%0.76%
Held by the government90.97%90.97%90.97%90.97%90.97%90.97%86.46%86.46%86.46%86.46%–86.46%–79.60%79.60%79.60%73.60%73.60%73.60%73.60%
Per cent, and the bad loans themselves in ₹ crore. A non-performing loan is one the borrower has stopped paying, generally for 90 days.

The quarters either side of a change of basis do not compare. From the quarter to Mar 2022, the company's revenue for the year to Mar 2022, ₹15,672 Cr, differs from its quarters added, ₹15,337 Cr.

Segment results by quarter

Consolidated, ₹ crore, quarters to Sep 2026.Bank of Maharashtra segment results by year

  • Retail Banking Operations

    Revenue, ₹ crore
    Profit, ₹ crore
  • Corporate / Wholesale Banking Operations

    Revenue, ₹ crore
    Profit, ₹ crore
  • Treasury Operations

    Revenue, ₹ crore
    Profit, ₹ crore
  • Other Banking Operations

    Revenue, ₹ crore
    Profit, ₹ crore
  • Capital & Reserves & Surplus

    Revenue, ₹ crore
    Profit, ₹ crore
₹ croreDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue of all businesses5,8546,5006,7696,8157,1187,7217,8308,0098,2978,7249,0669,632
Company revenue, as in its results5,8526,4886,7696,8097,1137,7127,8797,9748,2778,6939,0649,736
Revenue2,4792,6572,6763,1203,2843,3923,3933,4713,7833,9063,9504,375
Revenue growth31.5%35.3%23.1%36.7%32.5%27.7%26.8%11.2%15.2%15.2%16.4%26.0%
Profit1193412214455953385026781,0509358611,307
Profit growth−57.4%−14.5%2.6%329.3%399.9%−1.1%127.5%52.5%76.4%176.8%71.5%92.8%
Margin4.8%12.9%8.2%14.2%18.1%10.0%14.8%19.5%27.8%23.9%21.8%29.9%
Assets77,87890,82192,87997,5771,06,9261,13,8031,16,0001,33,3151,44,8521,50,3211,59,3141,67,916
Liabilities71,62782,85685,99490,62096,8701,02,7441,03,8141,20,1331,28,1411,34,1921,43,5821,67,669
Revenue2,1092,3872,5912,2362,3182,6582,6052,6582,8772,9463,0093,543
Revenue1,2091,3651,4431,4071,4861,5421,8331,8091,5581,7792,0371,714
Revenue5792585230128−4071799270−70
––0000000000
000000000000
Profit is before tax and finance costs, the way companies report their segments.