Bank of Maharashtra Q4 Net Profit Jumps 22.6% to ₹1,493 Crore

Q4 FY25 Financial Performance

Bank of Maharashtra has reported a strong performance for the fourth quarter of FY25, with a net profit of Rs 1,493.08 crore, marking a 22.6% year-on-year increase from Rs 1,217.67 crore in Q4 FY24. This growth was driven by strong interest income, controlled operational expenses, and lower provisioning requirements. The bank’s robust performance is a reflection of effective cost management and an improving asset quality.

Highlights:

• Net profit for Q4 FY25: Rs 1,493.08 crore, up 22.6% YoY

• Strong growth supported by interest income and controlled expenses

Full-Year FY25 Performance

For the entire fiscal year FY25, Bank of Maharashtra reported a significant rise in net profit, which stood at Rs 5,519.79 crore. This represents a 36% increase from the Rs 4,055.03 crore posted in FY24. The bank’s total income for the full year reached Rs 28,401.62 crore, compared to Rs 23,492.56 crore in the previous fiscal year, reflecting an overall improvement in both its top-line and bottom-line performance.

Highlights:

• Full-year net profit: Rs 5,519.79 crore, up 36% YoY

• Total income for FY25: Rs 28,401.62 crore, up from Rs 23,492.56 crore

Revenue and Operating Profit

For Q4 FY25, the bank’s total income increased to Rs 7,711.44 crore, up from Rs 6,488.25 crore in the same quarter last year. The operating profit for the quarter also showed an improvement, rising to Rs 2,519.74 crore from Rs 2,209.62 crore in Q4 FY24. The bank’s operating profit for the full year increased to Rs 9,319.03 crore, from Rs 8,005.34 crore in FY24, highlighting its consistent ability to maintain strong profitability.

Highlights:

• Total income for Q4: Rs 7,711.44 crore, up YoY

• Operating profit for Q4: Rs 2,519.74 crore, up from Rs 2,209.62 crore

• Full-year operating profit: Rs 9,319.03 crore, up from Rs 8,005.34 crore

Expenses and Provisioning

Bank of Maharashtra’s total expenditure for Q4 FY25, excluding provisions, stood at Rs 5,191.70 crore, with employee costs accounting for Rs 3,442.23 crore and other operating expenses at Rs 2,358.48 crore. Provisions for the March quarter were Rs 983.25 crore, slightly up from Rs 942.30 crore in Q4 FY24. However, the bank saw a slight decline in provisions for the full year, down to Rs 3,596.55 crore from Rs 3,645.87 crore in FY24.

Highlights:

• Total expenditure for Q4: Rs 5,191.70 crore

• Provisions for Q4: Rs 983.25 crore, up slightly YoY

• Full-year provisions: Rs 3,596.55 crore, down from Rs 3,645.87 crore

Asset Quality and Capital Adequacy

In terms of asset quality, Bank of Maharashtra showed improvement, with its gross non-performing asset (GNPA) ratio declining to 1.74% as of March 31, 2025, from 1.88% in the same period last year. The net NPA ratio also improved, standing at 0.18% compared to 0.20% in both Q4 FY24 and Q3 FY25. The bank’s capital adequacy ratio (CRAR) improved significantly to 20.53%, up from 17.38% in FY24, while the common equity tier 1 ratio rose to 15.83% from 12.50%.

Highlights:

• GNPA ratio improved to 1.74% from 1.88% YoY

• Net NPA ratio declined to 0.18% from 0.20% YoY

• CRAR at 20.53%, up from 17.38% in FY24

Dividend Announcement

In light of its strong financial performance, Bank of Maharashtra’s board has proposed a final dividend of 15%, or Rs 1.50 per share, subject to shareholder approval. This dividend proposal reflects the bank’s strong profit growth and its intention to return value to its shareholders.

Highlights:

• Final dividend proposal: 15% or Rs 1.50 per share

• Dividend subject to shareholder approval

Deposits and Advances Growth

The bank has shown steady growth in its deposits and advances. As of March 31, 2025, total deposits stood at Rs 3,07,142.60 crore, up from Rs 2,70,747.17 crore in the previous year. Advances also rose to Rs 2,36,083.80 crore, compared to Rs 2,00,239.88 crore in FY24. This growth underscores the bank’s strong position in the market and its ability to attract and retain customers.

Highlights:

• Total deposits: Rs 3,07,142.60 crore, up from Rs 2,70,747.17 crore

• Advances: Rs 2,36,083.80 crore, up from Rs 2,00,239.88 crore