Bank of Maharashtra shares extend Q4 results rally for the second straight session, rises 15% in two days(Pixabay)AI Quick ReadBank of Maharashtra shares extended their post-Q4 results rally for a second consecutive session on Wednesday, April 22, gaining about 15% over two days.
The state-owned lender had reported a 35% year-on-year rise in net profit to ₹2,014 crore for the January–March quarter of FY26, driven by strong core income growth and a decline in bad loans.
The Pune-based bank had posted a net profit of Rs1,493 crore in the corresponding quarter last year.
In the quarter, the bank's overall income rose to ₹8,693 crore compared to ₹7,711 crore from the previous year, as stated in a regulatory submission.
Interest income increased to ₹7,755 crore during the reviewed period, 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. The increase in NII was driven by a 22% rise in loans, reaching ₹2.92 lakh crore in the fourth quarter that ended in March 2026.
On the asset quality front, the gross Non-Performing Assets (GNPAs) fell to 1.45% of total advances by March 2026, a decrease from 1.74% at the close of March 2025. Net NPAs also reduced to 0.13% of advances, down from 0.18% at the end of 2025.
The Return on Assets (ROA) rose to 1.86% for the fiscal year ending March 2026, compared to 1.75% at the conclusion of the previous year.
The Provision Coverage ratio increased to 98.59% as of March 31, 2026, up from 98.26% a year earlier.
Nonetheless, the bank's capital adequacy ratio decreased to 18.36%, slipping from 20.53% at the end of the last fiscal year.
HDFC Securities said it has raised its FY27E–FY28E estimates by around 4%, factoring in stronger business growth and improved asset quality, supported by the utilisation of provisioning buffers. However, it flagged potential stress building up in the agri and MSME portfolios.
The brokerage has reiterated its Buy rating, with a revised target price of ₹90, valuing the stock at 1.5x March 2028 ABVPS.
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