Bank of Maharashtra (MAHABANK) Q4 24/25 earnings summary

Executive summary

• Achieved strong and consistent growth in profitability and business volumes for FY25, with net profit up 36.12% year-over-year to ₹5,520 crore and total business rising 15.3% year-over-year to ₹5.47 lakh crore.

• Maintained robust asset quality, with gross NPA at 1.74% and net NPA at 0.18% as of March 2025.

• Board recommended a 15% dividend (₹1.50 per share), pending AGM approval.

• Continued digital transformation and financial inclusion initiatives, expanding digital user base and branch network.

• Audit reports for both standalone and consolidated results were issued with unmodified opinions.

Financial highlights

• Net profit for FY25 increased to ₹5,520 crore, up 36.12% year-over-year; operating profit rose 16.41% to ₹9,319 crore.

• Net interest income grew 18.77% year-over-year to ₹11,666 crore; NIM improved to 4.00% for FY25 and 4.01% in Q4.

• Total deposits increased 13.44% to ₹3.07 lakh crore; advances grew 17.76% to ₹2.4 lakh crore.

• CASA ratio improved to 53.28% in Q4.

• Cost-to-income ratio reduced to 38.27% for FY25.

Outlook and guidance

• FY 2026 guidance: advances growth at 17%, deposits at 14%, CASA above 50%.

• NIM guidance set at 3.75% for next year, with potential review if aggressive rate cuts occur.

• ROA target to be maintained at 1.75%, GNPA below 2%, and credit cost below 1%.

• Cost-to-income ratio to be kept below 40%.

• Positive macroeconomic outlook with GDP growth projected at 6.5% for 2025-26 and inflation expected to average 4%.