Bank of Maharashtra shares extended their post-Q4 results rally for a second consecutive session on Wednesday, April 22, gaining about 15% over two days. According to reports from LiveMint, the state-owned lender's stock performance reflects strong investor confidence following the bank's robust financial results for the January–March quarter of FY26. The latest trading session saw the stock surge 5.95% on April 21, 2026, closing at ₹80.16 - decisively breaching the previous 52-week high of ₹76.99. Volume surged to 1.27 crore shares, significantly above recent averages, indicating strong institutional and retail participation.
The bank reported a 35% year-on-year rise in net profit to ₹2,014 crore for Q4 FY26, compared to ₹1,493 crore in the corresponding quarter of the previous year. As reported by LiveMint, this strong profit growth was driven by strong core income growth and a decline in bad loans, demonstrating the bank's improved operational efficiency and asset quality management. The latest quarter witnessed total income expanding 5.03% sequentially to ₹8,693.04 crores, driven primarily by interest earned climbing to ₹7,755.15 crores - the highest quarterly figure on record. Net interest income surged 8.19% quarter-on-quarter to ₹3,702.49 crores, reflecting strong loan book momentum and improved asset yields.
Overall income rose to ₹8,693 crore in Q4 FY26, compared to ₹7,711 crore from the previous year, according to the regulatory submission reported by LiveMint. Interest income increased to ₹7,755 crore during the quarter, up from ₹6,731 crore in the same quarter last year. Net Interest Income (NII) saw a 19% rise to ₹3,702 crore, compared to ₹3,116 crore for the same quarter in the previous year. Operating profit before provisions stood at ₹2,946.06 crores, whilst provisions and contingencies moderated to ₹616.97 crores from ₹728.19 crores in Q3 FY26, providing crucial support to bottom-line expansion.
The bank achieved strong growth across all major business segments with total business growing by 17.47%. As reported by ScanXNews, advances recorded growth of 21.74%, while deposits increased by 14.14%. Retail advances grew by 32.39%, and vehicle loans showed significant expansion at 55.51%. The CASA ratio maintained a healthy 52.51%, demonstrating the bank's ability to attract low-cost deposits effectively. This robust business expansion reflects the bank's successful strategy in capturing market opportunities while maintaining operational efficiency.
The bank's asset quality metrics paint an encouraging picture, with gross non-performing assets declining to 1.45% from 1.60% in Q3 FY26 and 1.74% a year ago. Net NPAs compressed further to a mere 0.13%, down from 0.15% sequentially, underpinned by a robust provision coverage ratio of 98.59%. This sustained improvement in asset quality, coupled with aggressive loan growth, has positioned Bank of Maharashtra favourably within the public sector banking universe. The advance-to-deposit ratio of 74.20% indicates healthy loan growth without over-leveraging the deposit base, whilst the provision coverage ratio of 98.59% offers strong protection against potential credit losses.
