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Bank of Maharashtra (MAHABANK) investor relations material
Bank of Maharashtra Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 FY27 net profit rose 41.42% YoY to ₹2,310 crore; operating profit increased 30.86% to ₹3,369 crore and NII rose 21.76% to ₹3,422 crore.
Total business reached ₹7,05,766 crore at September 2026, up 25.16% YoY; global deposits grew 21.50% and global advances 29.61%.
All stated FY27 guidance metrics were met; asset quality, profitability and capital ratios remained strong.
Board approved unaudited standalone and consolidated Q2 and H1 results; statutory auditors issued unmodified limited-review conclusions.
Financial highlights
Standalone Q2 total income was ₹9,735 crore, operating profit ₹3,369 crore and profit before tax ₹2,714 crore; H1 net profit was ₹4,330 crore, up 34% YoY.
Q2 total expenses increased 18% YoY to ₹6,367 crore; interest expenses rose 20% to ₹4,652 crore and operating expenses rose 13% to ₹1,715 crore.
Advances grew 29.61% YoY, including 23% growth excluding IBU; deposits grew 21.50%, while CASA rose 12%.
Cost of deposits was 4.33%; cost-to-income ratio was 33.73%.
Segment performance
Global advances rose 29.61% YoY to ₹3,29,359 crore; domestic advances were ₹3,11,264 crore and overseas advances ₹18,095 crore at September 2026.
RAM advances grew 24.69% YoY to ₹1,97,038 crore; retail grew 20.91%, agriculture 33.56% and MSME 24.69%.
Retail, agriculture and MSME each grew over 20%; large credit grew 38%, including ₹18,000 crore from IBU and 19% domestic large-credit growth.
Deposits reached ₹3,76,407 crore, up 21.50%; term deposits rose 31.22% to ₹2,01,831 crore, and CASA ratio was 46.47%.
Agriculture Gold Loans rose to ₹18,600 crore from ₹6,500 crore in September 2025; total Gold Loans stood at ₹33,000 crore, including ₹2,000 crore of MSME Gold Loans.
- Strong balance-sheet growth was offset by lower profit, rising NPAs and audit concerns.MAHABANK
Q4 00/01 - Profit more than tripled as NPAs fell, but audit uncertainties remained material.MAHABANK
Q4 01/02 - Profit rose 52.68%, with stronger capital and lower net NPAs amid audit uncertainties.MAHABANK
Q4 02/03 - One-time charges cut profit, while lending growth, capital strength and asset quality improved.MAHABANK
Q4 04/05 - Profit rose 37.17% as advances grew and net NPAs fell to 2.46%.MAHABANK
Q4 03/04 - Investment write-downs cut profit sharply as advances grew and funding shifted to low-cost deposits.MAHABANK
Q4 05/06 - FY07 growth and recovery lifted profit as asset quality improved and expansion accelerated.MAHABANK
Q4 06/07 - Business and profit grew strongly, but margins and capital adequacy weakened.MAHABANK
Q4 07/08 - Growth and improving NPA ratios were tempered by audit caveats and an income-recognition change.MAHABANK
Q4 08/09
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