Bank of Maharashtra Q1 Results FY27: PAT Jumps 27% to Rs 2,020 Crore, Asset Quality Stays Strong

Bank of Maharashtra Q1 results FY27 were announced on Friday, 10 July 2026, with the Pune headquartered public sector lender reporting a net profit (PAT) of Rs 2,020 crore, up 26.8% from Rs 1,593 crore in Q1 FY26. Net interest income in the Bank of Maharashtra Q1 results FY27 rose 14.5% year on year to Rs 3,770 crore from Rs 3,117 crore, while asset quality stayed strong, with gross NPA unchanged at 1.45% and net NPA steady at 0.13% on a sequential basis.

Shares of Bank of Maharashtra reacted only mildly, closing at Rs 82.50, up a modest 0.61%, even though the stock touched an intraday high of Rs 87.40 against a low of Rs 82.24. Trading volumes of 17.63 lakh shares ran nearly 58% above the five day average of 11.18 lakh shares, showing heavy activity despite the muted closing move.

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Bank of Maharashtra Q1 Results FY27 Financial Highlights

The June quarter combined strong profit growth with steady asset quality metrics, a pairing that has become a hallmark of this bank’s recent quarters. The table below summarises the key numbers behind the Bank of Maharashtra Q1 results FY27 for the quarter ended 30 June 2026.

Metric	Q1 FY27	YoY / QoQ Change
Net Profit (PAT)	Rs 2,020 Cr	+26.8% YoY
Net Interest Income (NII)	Rs 3,770 Cr	+14.5% YoY
Gross NPA	1.45%	Flat QoQ
Net NPA	0.13%	Flat QoQ
Provisions	Rs 840 Cr	Up from Rs 617 Cr QoQ, down from Rs 867 Cr YoY
Total Business	Rs 6.51 Lakh Cr	+19% YoY

In the Bank of Maharashtra Q1 results FY27, global advances surged 27% year on year to Rs 3.06 lakh crore, while deposits grew a comparatively slower 13% to Rs 3.44 lakh crore, a mismatch central to reading the Bank of Maharashtra Q1 results FY27 correctly. That gap between loan and deposit growth is the single most important structural feature of this quarter’s print, since it directly explains the CASA ratio movement discussed below.

Bank of Maharashtra Q1 Results FY27 Performance Analysis

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Profit growth of 26.8% comfortably outpaced NII growth of 14.5% in the Bank of Maharashtra Q1 results FY27, which points to lower provisioning intensity and cost efficiency doing much of the work below the operating profit line. This gap between profit and NII growth is worth watching closely across future quarters.

Advances growing at 27% against deposits growing at just 13% pushed the credit to deposit ratio higher and pulled the CASA ratio down to 49% from 50% a year earlier. A bank cannot sustainably grow loans this much faster than deposits forever, so funding cost trends deserve close attention beyond the headline numbers.

Provisions rose sequentially to Rs 840 crore from Rs 617 crore in the March quarter, a detail worth flagging in the Bank of Maharashtra Q1 results FY27, yet gross and net NPA ratios stayed completely flat. That combination suggests the higher provisioning reflects standard ageing-linked or contingency buffers rather than any fresh deterioration, a reassuring signal buried inside this quarter’s numbers.

Bank of Maharashtra Q1 Results FY27: Key Business Factors

1. Aggressive RAM Segment Growth

Retail, agriculture and MSME advances grew 25% to Rs 1.87 lakh crore, while domestic corporate advances rose 21% to Rs 1.11 lakh crore, showing broad based lending momentum across the loan book.

2. Government Stake Below the MPS Threshold

As disclosed alongside the Bank of Maharashtra Q1 results FY27, promoter holding, which is the Government of India’s stake, now stands at 73.6%, comfortably within SEBI’s minimum public shareholding norm, removing an overhang that weighed on several PSU bank stocks and adding a governance positive to this quarter’s story.

3. Rising Institutional Interest

Ahead of the Bank of Maharashtra Q1 results FY27, foreign institutional holding climbed sharply from 1.72% in March 2025 to 5.55% in March 2026, reflecting growing confidence among global investors in the bank’s turnaround ahead of the Bank of Maharashtra Q1 results FY27, a trend that predates but reinforces this quarter’s strength.

Dividend Details

No new dividend was announced along with the Bank of Maharashtra Q1 results FY27. The bank delivered a strong FY26, with standalone net profit rising to Rs 7,017 crore on revenue of Rs 29,282 crore and return on equity at 23.19%, and shareholders should watch future board meetings for the next dividend decision.

Bank of Maharashtra Q1 Results FY27 Outlook for the Full Year

The June quarter extends a multi-year run of strong profitability for the bank. Investors reading the Bank of Maharashtra Q1 results FY27 should track whether deposit growth can catch up with the pace of advances, since a widening gap would eventually pressure the CASA ratio and funding costs further. Continued RAM segment momentum, provisioning trends, and commentary from the post-results earnings call are the other key monitorables to track after the Bank of Maharashtra Q1 results FY27, for the rest of the financial year.

Bank of Maharashtra Stock Performance After the Q1 Results

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Bank of Maharashtra share price closed at Rs 82.50 on results day, up just Rs 0.50 or 0.61%, a muted move relative to the underlying strength of the numbers. The stock swung between an intraday high of Rs 87.40 and a low of Rs 82.24, with volumes of 17.63 lakh shares running nearly 58% above the five day average of 11.18 lakh shares.

At a market capitalisation of roughly Rs 68,347 crore and a trailing price to earnings ratio near 9.70 based on FY26 earnings, the stock trades at a discount to several PSU banking peers even after a strong re-rating over the past year following recent editions of the Bank of Maharashtra Q1 results FY27, which some investors will read as valuation comfort.

Key Risks

Investors going through the fine print of the Bank of Maharashtra Q1 results FY27 should also weigh the following risks.

1. Widening Credit to Deposit Gap

Advances growing far faster than deposits could force the bank to chase costlier bulk deposits or bonds to fund future growth, pressuring net interest margins over time even after a quarter as strong as this one.

2. CASA Ratio Slippage

One quiet detail in the Bank of Maharashtra Q1 results FY27, the CASA ratio slipping to 49% from 50% is a modest but notable trend. Continued erosion would raise the cost of funds and could dent the strong NII growth seen this quarter.

3. Provisioning Normalisation Risk

Looking past the Bank of Maharashtra Q1 results FY27, rapid RAM segment growth of 25% builds a large book of newer loans that have not yet been tested through a full credit cycle, a slow burning risk worth monitoring beyond this one quarter.

Conclusion

Bank of Maharashtra Q1 results FY27 show PAT up 26.8% to Rs 2,020 crore, NII up 14.5% to Rs 3,770 crore, and asset quality holding firm with GNPA flat at 1.45%, even as the stock barely moved on results day. Strong advances growth, a comfortable promoter shareholding position and rising institutional interest are the highlights of the Bank of Maharashtra Q1 results FY27, against a widening credit to deposit gap and gradual CASA erosion. Investors should track deposit mobilisation trends and consult a SEBI-registered advisor before acting on the numbers.

Frequently Asked Questions on Bank of Maharashtra Q1 Results FY27

When were the Bank of Maharashtra Q1 results FY27 announced?

Ans. The Bank of Maharashtra Q1 results FY27 were announced on Friday, 10 July 2026, when the board approved the standalone and consolidated unaudited financial results for the quarter ended 30 June 2026.

What is the PAT in Bank of Maharashtra Q1 results FY27?

Ans. The PAT in Bank of Maharashtra Q1 results FY27 stood at Rs 2,020 crore, up 26.8% from Rs 1,593 crore in Q1 FY26, extending the bank’s run of strong double digit profit growth.

What was the net interest income in Bank of Maharashtra Q1 results FY27?

Ans. Net interest income in the Bank of Maharashtra Q1 results FY27 rose 14.5% year on year to Rs 3,770 crore from Rs 3,117 crore, powered by strong loan growth across retail, agriculture and MSME segments.

What is the asset quality in Bank of Maharashtra Q1 results FY27?

Ans. Asset quality in the Bank of Maharashtra Q1 results FY27 remained among the strongest in the PSU banking space, with gross NPA flat at 1.45% and net NPA steady at 0.13% on a sequential basis.

Why did provisions rise in Bank of Maharashtra Q1 results FY27?

Ans. Provisions in the Bank of Maharashtra Q1 results FY27 rose to Rs 840 crore from Rs 617 crore in the preceding March quarter, though they were lower than the Rs 867 crore reported in Q1 FY26, a normal sequential fluctuation rather than a fresh stress signal given flat NPA ratios.

How did Bank of Maharashtra share price react to the Q1 results FY27?

Ans. Bank of Maharashtra share price was largely muted after the Bank of Maharashtra Q1 results FY27, closing at Rs 82.50, up just 0.61%, even though the stock touched an intraday high of Rs 87.40 on volumes nearly 58% above the five day average.

What is the business growth in Bank of Maharashtra Q1 results FY27?

Ans. Total business in the Bank of Maharashtra Q1 results FY27 grew 19% year on year to Rs 6.51 lakh crore, with global advances surging 27% to Rs 3.06 lakh crore and deposits up 13% to Rs 3.44 lakh crore.

Is Bank of Maharashtra a good buy after the Q1 results FY27?

Ans. The Bank of Maharashtra Q1 results FY27 show strong profit growth, healthy asset quality and rapid advances growth, though the CASA ratio has slipped a shade and the stock has re-rated sharply already. This article is for educational purposes only. Consult a SEBI-registered advisor before investing.