Bank of Maharashtra
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Bank of Maharashtra (MAHABANK) investor relations material

Bank of Maharashtra Q3 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 25/26 earnings summary13 Jan, 2026

Executive summary

  • Net profit for Q3 rose 26.5% year-over-year to ₹1,779 crore, with operating profit up 18.8% and net interest income up 16.3%.

  • Total business grew 17.24% year-over-year, reaching ₹5,95,163 crore, with deposits up 15.3% and advances up 20%.

  • Board approved unaudited standalone and consolidated financial results for the quarter ended 31 December 2025 and declared an interim dividend of 10% (₹1 per share).

  • Return on assets improved to 1.86% and return on equity to 23.79% for the quarter.

  • Government of India completed an Offer for Sale of 6% equity, reducing holding to 73.6% and meeting SEBI’s minimum public shareholding requirement.

Financial highlights

  • Standalone net profit for Q3 FY26 was ₹177,933 lakh, up from ₹140,645 lakh in Q3 FY25; nine-month net profit was ₹500,523 lakh, up from ₹402,671 lakh year-over-year.

  • Total income for Q3 FY26 was ₹827,706 lakh, up from ₹711,243 lakh in Q3 FY25; net interest income for Q3 FY25 was ₹2,943 crore, up 16.3% year-over-year.

  • Non-interest income for Q3 FY25 increased 18% year-over-year to ₹933 crore.

  • Cost-to-income ratio improved to 37.19%, below the 40% guidance.

  • Gross NPA ratio improved to 1.60% from 1.80% year-over-year; net NPA at 0.15%.

Outlook and guidance

  • Confident of achieving 14% deposit growth for the full year, with a focus on retail and low-cost deposits.

  • Guidance to maintain NIM at 3.75% and cost to income below 40%.

  • Interim dividend of 10% declared for FY 2025-26.

  • GDP growth forecast for FY26 revised upward to 7.3%; inflation forecast for FY26 lowered to 2.0%.

  • Branch expansion to continue, with 321 new branches planned and board approval for 1,000 branches in five years.

Audit Committee quorum issue impact?
Rationale for Rs 1200 Cr COVID-19 provision?
MGB amalgamation issues resolution status?
Project 321's LDR and funding mix impact?
MSME/Agri rebalancing strategy and yield impact?
Branch expansion impact on cost-to-income ratio?
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Q4 25/2624 Apr, 2026
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