Bank of Maharashtra (MAHABANK) Q1 26/27 earnings summary

Executive summary

• Achieved strong business growth in Q1 FY27, with all key parameters exceeding guidance and net profit rising 26.84% year-over-year.

• Asset quality remains robust, with gross NPA at 1.45% and net NPA at 0.13%, and efficiency ratios showing consistency.

• Continued focus on profitable growth, maintaining high standards in underwriting and risk management.

• Unaudited standalone and consolidated financial results for the quarter ended 30th June 2026 were approved by the Board and reviewed by auditors with an unmodified opinion.

• Results reflect continued profitability, strong asset quality, and robust capital adequacy.

Financial highlights

• Total business grew 19.10% year-over-year, with gross advances up 27% and deposits up 13%.

• Net profit reached ₹2,020 crore, up 27% YoY; operating profit increased 21% YoY to ₹3,117 crore.

• Net interest margin stood at 3.95% for the quarter; ROA at 1.9% and ROE at 24.65%.

• Cost-to-income ratio improved to 35.04%.

• Non-interest income increased 25% YoY to ₹1,029 crore.

Outlook and guidance

• Loan growth guidance maintained at 18% for FY27, with NII and NIM guidance reaffirmed at 15% and 3.75%, respectively.

• Cost-to-income ratio targeted to remain below 40%.

• ECL provisioning expected to be manageable, with no P&L impact due to regulatory changes.

• RBI projects India's real GDP growth at 6.6% for FY26-27, with CPI inflation forecast at 5.1%.

• No deviations or variations in the use of proceeds from debt or equity issues during the quarter.