Source: Samco
The Bank of Maharashtra (BoM) has reported a significant jump in its profits, mainly driven by a sharp rise in interest income and ongoing efforts to boost operational efficiency.
As per the bank’s regulatory filing, the total income for the quarter reached ₹7,711 crore, up from ₹6,488 crore in the same quarter last year. Net Interest Margin (NIM) improved to 4.01%, highlighting stronger profitability from its core banking operations.
Asset Quality and Business Growth
BoM has maintained strong asset quality.
-
Gross Non-Performing Assets (NPAs) reduced to 1.74% of total advances by the end of March 2025, compared to 1.88% a year earlier.
-
Net NPAs also fell slightly from 0.20% to 0.18%, reflecting the bank’s conservative approach towards credit risk management.
In terms of business growth:
-
Total business increased by 15.30% year-on-year, reaching ₹5.47 trillion.
-
Deposits grew by 13.44% year-on-year to ₹3.07 trillion.
-
Gross advances rose by 17.76% year-on-year to ₹2.39 trillion.
The bank’s credit-deposit (CD) ratio stood at 78.09% as of January 21, 2025, showing balanced credit and deposit growth.
Additionally, the Provision Coverage Ratio (PCR) remained very healthy at 98.26% as of December 31, 2024, indicating a strong safety buffer against bad loans.
Capital Raising and Shareholding Update
On October 5, 2024, the bank successfully raised ₹3,500 crore by issuing shares through a Qualified Institutional Placement (QIP).
-
It issued and allotted 61,01,81,311 equity shares at a face value of ₹10 each, with a premium of ₹47.36 per share.
-
Following this fundraising, the Government of India’s shareholding in BoM reduced to 79.60% by March 2025.
Full-Year Performance (FY25)
For the entire financial year 2025:
-
The bank recorded a net profit of ₹5,520 crore, marking a 36.12% increase compared to ₹4,055 crore in FY24.
