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Bank of Maharashtra announces Rs 1.20 dividend as Q4 profit jumps 35%
PSU lender posts strong earnings driven by healthy loan growth, lower provisions and record-low NPAs; announces Rs 2.20 dividend for FY26.
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Bank of Maharashtra reports strong Q4 with rising profit, improving asset quality and steady business growth.
Written By: Shweta Birendra Shukla
Updated: Mon, Apr 20, 2026
04:45 PM IST
04:45 PM IST
New Delhi
Bank of Maharashtra Q4FY26 Results: Bank of Maharashtra ended the March quarter with a solid set of numbers, helped by steady growth in core income and a visible improvement in asset quality with net profit up nearly 35 per cent year on year basis.
Profit growth stays strong
Net profit for the quarter came in at Rs 2,014 crore, up 34.9 per cent from Rs 1,493 crore a year ago. The increase was largely supported by higher interest income and a sharp fall in provisions.
Profit before tax rose to Rs 2,329 crore, marking a growth of over 50 per cent compared to the same period last year.
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Core income supports performance
Net interest income stood at Rs 3,702 crore during the quarter. The bank continued to benefit from healthy growth in advances, along with stable yields.
Operating profit jumped to Rs 2,946 crore from Rs 2,520 crore last year.
Provisioning falls
One of the optimistic part for the quarter was the fall in provisions. The bank set aside Rs 617 crore, significantly lower than Rs 983 crore in the year-ago period. This helped support the bottom line.
Asset quality improves further
Asset quality continued to move in the right direction. Gross NPA ratio eased to 1.45 per cent from 1.74 per cent last year, while net NPA came down to 0.13 per cent.
The provision coverage ratio stood at 98.59 per cent, giving the bank a strong buffer against potential stress.
FY26 profit at record level
For the full year, the bank reported its highest-ever profit at Rs 7,019 crore, compared to Rs 5,520 crore in the previous year. Operating profit for the year rose to Rs 10,826 crore.
Business growth remains healthy
The bank’s loan book grew 22 per cent year-on-year to Rs 2.88 lakh crore. Deposits also saw steady growth, rising 14.1 per cent to Rs 3.50 lakh crore.
CASA ratio remained stable at 48.50 per cent, supporting overall funding costs.
Capital position comfortable
Capital adequacy ratio improved to 18.36 per cent, leaving enough headroom for expansion. Return on assets for the quarter stood at 1.97 per cent, slightly higher than last year.
Dividend for shareholders
The board has recommended a final dividend of Rs 1.20 per share. Together with the interim dividend of Rs 1.00 already paid, the total payout for FY26 stands at Rs 2.20 per share, subject to shareholder approval.
Plans to raise funds
The bank has also outlined plans to raise capital through a mix of equity and bonds. This includes up to Rs 7,500 crore via equity and additional fundraising through infrastructure bonds and foreign currency bonds in the next financial year.
Stock in focus
With steady growth in earnings, improving asset quality and a healthy capital position, Bank of Maharashtra has managed to maintain its momentum.
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Shweta Birendra Shukla
Shweta Birendra Shukla
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