{"id":74656,"date":"2026-04-21T12:14:33","date_gmt":"2026-04-21T06:44:33","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=74656"},"modified":"2026-04-21T12:14:35","modified_gmt":"2026-04-21T06:44:35","slug":"bank-of-maharashtra-q4-fy26-results-profit-2014-crore-nii-3702-crore","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/bank-of-maharashtra-q4-fy26-results-profit-2014-crore-nii-3702-crore\/","title":{"rendered":"Bank of Maharashtra Q4 FY26 Results: Net Profit Surges 35% to \u20b92,014 Crore, NII Up 19% to \u20b93,702 Crore \u2014 FY26 Annual PAT Hits Record \u20b97,019 Crore"},"content":{"rendered":"<p>Bank of Maharashtra \u2014 India&#8217;s best-performing mid-sized public sector bank by return on assets \u2014 delivered a stellar Q4 FY26 performance on April 20, 2026. Net profit jumped 34.89% year-on-year to \u20b92,014 crore from \u20b91,493 crore in Q4 FY25, and rose 13.19% sequentially from \u20b91,779 crore in Q3 FY26. Net Interest Income (NII) grew 18.81% YoY to \u20b93,702 crore. Operating profit crossed \u20b92,946 crore, up 16.92% YoY. Asset quality improved with Gross NPA declining to 1.45% from 1.74% a year ago, and Net NPA falling to 0.13% from 0.18%.<\/p><p>For the full year FY26, the bank set a record with net profit of \u20b97,019 crore \u2014 up 27.17% from \u20b95,520 crore in FY25. NII for FY26 grew 17.13% to \u20b913,664 crore. The domestic Net Interest Margin stood at 3.91%. The board proposed a final dividend of \u20b91.20 per share (12%) for FY26 \u2014 in addition to the interim dividend of \u20b91 per share (10%) already paid \u2014 taking total FY26 dividend to \u20b92.20 per share. The board also approved a capital raise of \u20b97,500 crore (equity) and \u20b910,000 crore in infrastructure bonds for FY27.<\/p><p>Track MAHABANK on <a href=\"https:\/\/univest.in\/user\/log-in\">Univest<\/a>.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/bank-of-maharashtra-q4-fy26-results-profit-2014-crore-nii-3702-crore\/#Bank_of_Maharashtra_Q4_FY26_Financial_Results\" title=\"Bank of Maharashtra Q4 FY26 Financial Results\">Bank of Maharashtra Q4 FY26 Financial Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/bank-of-maharashtra-q4-fy26-results-profit-2014-crore-nii-3702-crore\/#Credit_Growth_at_22_The_Key_Differentiator\" title=\"Credit Growth at 22%: The Key Differentiator\">Credit Growth at 22%: The Key Differentiator<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/bank-of-maharashtra-q4-fy26-results-profit-2014-crore-nii-3702-crore\/#Capital_Raise_%E2%82%B97500_Cr_Equity_%E2%82%B910000_Cr_Infra_Bonds\" title=\"Capital Raise: \u20b97,500 Cr Equity + \u20b910,000 Cr Infra Bonds\">Capital Raise: \u20b97,500 Cr Equity + \u20b910,000 Cr Infra Bonds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/bank-of-maharashtra-q4-fy26-results-profit-2014-crore-nii-3702-crore\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/bank-of-maharashtra-q4-fy26-results-profit-2014-crore-nii-3702-crore\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/bank-of-maharashtra-q4-fy26-results-profit-2014-crore-nii-3702-crore\/#1_What_was_Bank_of_Maharashtras_Q4_FY26_net_profit\" title=\"1. What was Bank of Maharashtra&#8217;s Q4 FY26 net profit?\">1. What was Bank of Maharashtra&#8217;s Q4 FY26 net profit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/bank-of-maharashtra-q4-fy26-results-profit-2014-crore-nii-3702-crore\/#2_What_is_Bank_of_Maharashtras_FY26_annual_profit\" title=\"2. What is Bank of Maharashtra&#8217;s FY26 annual profit?\">2. What is Bank of Maharashtra&#8217;s FY26 annual profit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/bank-of-maharashtra-q4-fy26-results-profit-2014-crore-nii-3702-crore\/#3_What_is_the_Bank_of_Maharashtra_Q4_FY26_NII\" title=\"3. What is the Bank of Maharashtra Q4 FY26 NII?\">3. What is the Bank of Maharashtra Q4 FY26 NII?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/bank-of-maharashtra-q4-fy26-results-profit-2014-crore-nii-3702-crore\/#4_What_is_Bank_of_Maharashtras_asset_quality\" title=\"4. What is Bank of Maharashtra&#8217;s asset quality?\">4. What is Bank of Maharashtra&#8217;s asset quality?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/bank-of-maharashtra-q4-fy26-results-profit-2014-crore-nii-3702-crore\/#5_What_dividend_did_Bank_of_Maharashtra_declare\" title=\"5. What dividend did Bank of Maharashtra declare?\">5. What dividend did Bank of Maharashtra declare?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/bank-of-maharashtra-q4-fy26-results-profit-2014-crore-nii-3702-crore\/#6_What_is_Bank_of_Maharashtras_capital_raise_plan\" title=\"6. What is Bank of Maharashtra&#8217;s capital raise plan?\">6. What is Bank of Maharashtra&#8217;s capital raise plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/bank-of-maharashtra-q4-fy26-results-profit-2014-crore-nii-3702-crore\/#7_When_do_TCS_announce_Q4_results\" title=\"7. When do TCS announce Q4 results?\">7. When do TCS announce Q4 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/bank-of-maharashtra-q4-fy26-results-profit-2014-crore-nii-3702-crore\/#8_Is_Bank_of_Maharashtra_a_good_investment\" title=\"8. Is Bank of Maharashtra a good investment?\">8. Is Bank of Maharashtra a good investment?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/bank-of-maharashtra-q4-fy26-results-profit-2014-crore-nii-3702-crore\/#Recent_Article\" title=\"Recent Article\">Recent Article<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bank_of_Maharashtra_Q4_FY26_Financial_Results\"><\/span><strong>Bank of Maharashtra Q4 FY26 Financial Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Metric<\/strong><\/td><td><strong>Q3 FY26<\/strong><\/td><td><strong>Q4 FY25 (Base)<\/strong><\/td><td><strong>Q4 FY26 (Actual)<\/strong><\/td><\/tr><tr><td>Net Profit (PAT)<\/td><td>\u20b91,779 Cr<\/td><td>\u20b91,493 Cr<\/td><td>\u20b92,014 Cr (+34.9% YoY)<\/td><\/tr><tr><td>Net Interest Income (NII)<\/td><td>\u20b93,422 Cr<\/td><td>\u20b93,116 Cr<\/td><td>\u20b93,702 Cr (+18.8% YoY)<\/td><\/tr><tr><td>Operating Profit<\/td><td>\u20b92,736 Cr<\/td><td>\u20b92,520 Cr<\/td><td>\u20b92,946 Cr (+16.9% YoY)<\/td><\/tr><tr><td>Net Revenue (NII+OI)<\/td><td>\u20b94,355 Cr<\/td><td>\u20b94,097 Cr<\/td><td>\u20b94,640 Cr (+13.3% YoY)<\/td><\/tr><tr><td>Gross NPA<\/td><td>1.60%<\/td><td>1.74%<\/td><td>1.45% (Improved)<\/td><\/tr><tr><td>Net NPA<\/td><td>\u2014<\/td><td>0.18%<\/td><td>0.13% (Improved)<\/td><\/tr><tr><td>Gross Advances<\/td><td>\u20b92.73L Cr<\/td><td>\u2014<\/td><td>\u20b92.92L Cr (+21.7% YoY)<\/td><\/tr><tr><td>FY26 Net Profit<\/td><td>\u2014<\/td><td>FY25: \u20b95,520 Cr<\/td><td>\u20b97,019 Cr (+27.2% YoY)<\/td><\/tr><\/tbody><\/table><\/figure><p>Source: Bank of Maharashtra audited standalone results, BSE\/NSE filing April 20, 2026; FreePressJournal; BusinessToday; LSD News.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Credit_Growth_at_22_The_Key_Differentiator\"><\/span><strong>Credit Growth at 22%: The Key Differentiator<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Bank of Maharashtra&#8217;s gross advances crossed \u20b92.92 lakh crore as of March 31, 2026 \u2014 up 21.74% YoY. This credit growth rate significantly outpaces most PSU peers and reflects the bank&#8217;s disciplined focus on the RAM (Retail, Agriculture, MSME) segment, which grew 20.74% YoY. Within RAM, retail advances surged 32.39% to \u20b985,857 crore, driven by home loans, vehicle loans, and personal credit. MSME advances grew 10.71% to \u20b953,547 crore. Total deposits rose 14.14% to \u20b93.50 lakh crore, and total business reached \u20b96.43 lakh crore.<\/p><p>The quality of this credit growth is what distinguishes BoM from PSU peers: Gross NPA of 1.45% and Net NPA of 0.13% are among the best in the PSU banking universe, reflecting conservative underwriting and active recovery. The Cost-to-Income ratio improved to 36.51% in Q4 FY26 from 38.50% a year ago \u2014 signalling improving operating leverage as the loan book scales faster than overhead costs.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Capital_Raise_%E2%82%B97500_Cr_Equity_%E2%82%B910000_Cr_Infra_Bonds\"><\/span><strong>Capital Raise: \u20b97,500 Cr Equity + \u20b910,000 Cr Infra Bonds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The board approved two major fundraising plans for FY27: (1) equity capital raise of up to \u20b95,000 crore via preferential allotment to GOI\/LIC\/FIs or QIP\/Follow-on Public Offer, and \u20b92,500 crore via debt instruments \u2014 totalling \u20b97,500 crore equity capital; (2) \u20b910,000 crore in long-term infrastructure bonds in FY27 in multiple tranches. The bank also received board approval to raise foreign currency bonds up to $500 million. This capital raise will fund the bank&#8217;s continued 18-22% credit growth trajectory in FY27.<\/p><p>Screen MAHABANK fundamentals on <a href=\"https:\/\/univest.in\/screeners\">Univest Screener<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Bank of Maharashtra&#8217;s Q4 FY26 results confirm the bank&#8217;s status as India&#8217;s best-performing PSU bank. A 35% PAT growth, record FY26 annual profit of \u20b97,019 crore, NIM at 3.91%, and Gross NPA at 1.45% are exceptional metrics for a government-owned bank. The capital raise plans signal confidence in sustaining 20%+ credit growth in FY27. The stock surged 6% to \u20b977 on the NSE on April 20 following the result announcement.<\/p><p>For more Q4 FY26 results, visit <a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_What_was_Bank_of_Maharashtras_Q4_FY26_net_profit\"><\/span><strong>1. What was Bank of Maharashtra&#8217;s Q4 FY26 net profit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>\u20b92,014 crore \u2014 up 34.89% YoY from \u20b91,493 crore in Q4 FY25, and up 13.19% QoQ from \u20b91,779 crore in Q3 FY26.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_What_is_Bank_of_Maharashtras_FY26_annual_profit\"><\/span><strong>2. What is Bank of Maharashtra&#8217;s FY26 annual profit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>\u20b97,019 crore \u2014 a record, up 27.17% from \u20b95,520 crore in FY25.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_What_is_the_Bank_of_Maharashtra_Q4_FY26_NII\"><\/span><strong>3. What is the Bank of Maharashtra Q4 FY26 NII?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>\u20b93,702 crore \u2014 up 18.81% YoY from \u20b93,116 crore in Q4 FY25, and up 8.19% QoQ.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_What_is_Bank_of_Maharashtras_asset_quality\"><\/span><strong>4. What is Bank of Maharashtra&#8217;s asset quality?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Gross NPA improved to 1.45% (from 1.74% Q4 FY25, 1.60% Q3 FY26). Net NPA fell to 0.13% from 0.18% a year ago \u2014 among the best in PSU banking.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_What_dividend_did_Bank_of_Maharashtra_declare\"><\/span><strong>5. What dividend did Bank of Maharashtra declare?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Final dividend of \u20b91.20 per share (12%) for FY26. Including the interim dividend of \u20b91 per share (10%) already paid, total FY26 dividend is \u20b92.20 per share.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_What_is_Bank_of_Maharashtras_capital_raise_plan\"><\/span><strong>6. What is Bank of Maharashtra&#8217;s capital raise plan?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Equity raise of \u20b97,500 crore (\u20b95,000 Cr via preferential\/QIP, \u20b92,500 Cr via debt), plus \u20b910,000 crore in infra bonds and up to $500 million in foreign currency bonds \u2014 all for FY27.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_When_do_TCS_announce_Q4_results\"><\/span><strong>7. When do TCS announce Q4 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><a href=\"https:\/\/univest.in\/blogs\/tcs-q4-results-2026-date-preview\">TCS declared Q4 FY26 results on April 9, 2026<\/a>. <\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8_Is_Bank_of_Maharashtra_a_good_investment\"><\/span><strong>8. Is Bank of Maharashtra a good investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>At a Gross NPA of 1.45% and ROA of ~1.86%, BoM is the highest-quality PSU bank by asset quality metrics. FY26 PAT growth of 27% and NIM at 3.91% are strong. The planned equity dilution (\u20b97,500 Cr) is worth monitoring for EPS impact. Consult a SEBI-registered advisor before investing.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only. All financial data sourced from publicly available NSE\/BSE filings and news sources. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Article\"><\/span><strong>Recent Article<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/vrl-logistics-q4-results-2026-2\">VRL Logistics Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/vraj-iron-and-steel-q4-results-2026\">Vraj Iron and Steel Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/voltas-q4-results-2026\">Voltas Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/voltamp-transformers-q4-results-2026\">Voltamp Transformers Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/vodafone-idea-q4-results-2026\">Vodafone Idea Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Bank of Maharashtra \u2014 India&#8217;s best-performing mid-sized public sector bank by return on assets \u2014 delivered a stellar Q4 FY26 performance on April 20, 2026. Net profit jumped 34.89% year-on-year to \u20b92,014 crore from \u20b91,493 crore in Q4 FY25, and rose 13.19% sequentially from \u20b91,779 crore in Q3 FY26. Net Interest Income (NII) grew 18.81%<\/p>\n","protected":false},"author":23,"featured_media":74658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4027],"class_list":["post-74656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-q4-fy26-results"],"metadata":{"_edit_lock":["1776753908:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"rank_math_seo_score":["75"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"rank_math_title":["Bank of Maharashtra Q4 FY26 Results: Net Profit Jumps 35% to \u20b92,014 Crore, NII Up 19%, FY26 PAT \u20b97,019 Crore \u2014 Dividend \u20b91.20\/Share"],"rank_math_description":["Bank of Maharashtra Q4 FY26 results: PAT \u20b92,014 Cr (+35% YoY), NII \u20b93,702 Cr (+19%), Gross NPA improves to 1.45%, FY26 PAT \u20b97,019 Cr (+27%). 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