Bank of Maharashtra (MAHABANK) Q2 26/27 earnings summary

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.