Bank of Maharashtra FY26 Results: Net Profit Jumps 27% , GNPA Improves and ₹1.20 Dividend Announced

The Bank of Maharashtra delivered strong growth in the financial year ended March 31, 2026. Total business increased by 17.47% year-on-year to ₹6.43 lakh crore. Deposits grew by 14.14% to ₹3.51 lakh crore, while gross advances rose sharply by 21.74% to ₹2.92 lakh crore. Profitability improved across key parameters, and asset quality strengthened further during the year.

Bank of Maharashtra Financial Highlights (FY26 vs FY25)

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Bank of Maharashtra Q4 FY26 Performance

The March 2026 quarter showed solid growth. Net profit rose 34.89% year-on-year to ₹2,014 crore and grew 13.19% sequentially. Operating profit increased 16.92% YoY to ₹2,946 crore. Net interest income rose 18.81% YoY to ₹3,702 crore, while total net revenue grew to ₹4,640 crore. Efficiency improved as the cost-to-income ratio declined to 36.51% and return on assets improved to 1.97%.

Profitability for the Full Year

For FY26, net profit increased 27.17% to ₹7,019 crore. Operating profit rose 16.41% to ₹10,826 crore, and net interest income grew 17.13% to ₹13,664 crore. Fee income also increased by nearly 7%. The cost-to-income ratio improved to 37.08%, reflecting better operational efficiency.

Asset Growth and Business Mix

Total business grew strongly to ₹6.43 lakh crore. Net advances increased by 22.03% to ₹2.88 lakh crore. Retail, Agriculture and MSME (RAM) lending grew 20.74%. Retail loans surged 32.39% to ₹85,857 crore, while MSME advances grew 10.71% to ₹53,547 crore.

Dividend Announcement

The bank proposed a final dividend of ₹1.20 per share (12%) for FY26, in addition to an interim dividend of ₹1 per share already paid.

Bank of Maharashtra Share Price Movement

Bank of Maharashtra share price (NSE: NSE: MAHABANK) was trading at ₹74.60 on April 20 at 3:26 PM, up ₹1.87 or 2.57% for the day. The stock opened at ₹73.01, touched an intraday high of ₹76.95 and a low of ₹72.31. Over the past year, the stock has recorded a 52-week high of ₹77.00 and a 52-week low of ₹47.51. It offers a dividend yield of 1.84%, with a quarterly dividend amount of ₹0.34 per share.

Conclusion

The bank delivered a strong FY26 performance with healthy growth in loans, deposits, profits and improved asset quality. Higher profitability, better efficiency and strong capital position indicate stable growth momentum going forward.

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