Bank of Maharashtra Q4 FY26 Results: Net Profit Surges 35% to ₹2,014 Crore, NII Up 19% to ₹3,702 Crore — FY26 Annual PAT Hits Record ₹7,019 Crore

Bank of Maharashtra — India’s best-performing mid-sized public sector bank by return on assets — delivered a stellar Q4 FY26 performance on April 20, 2026. Net profit jumped 34.89% year-on-year to ₹2,014 crore from ₹1,493 crore in Q4 FY25, and rose 13.19% sequentially from ₹1,779 crore in Q3 FY26. Net Interest Income (NII) grew 18.81% YoY to ₹3,702 crore. Operating profit crossed ₹2,946 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%.

For the full year FY26, the bank set a record with net profit of ₹7,019 crore — up 27.17% from ₹5,520 crore in FY25. NII for FY26 grew 17.13% to ₹13,664 crore. The domestic Net Interest Margin stood at 3.91%. The board proposed a final dividend of ₹1.20 per share (12%) for FY26 — in addition to the interim dividend of ₹1 per share (10%) already paid — taking total FY26 dividend to ₹2.20 per share. The board also approved a capital raise of ₹7,500 crore (equity) and ₹10,000 crore in infrastructure bonds for FY27.

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Bank of Maharashtra Q4 FY26 Financial Results

Source: Bank of Maharashtra audited standalone results, BSE/NSE filing April 20, 2026; FreePressJournal; BusinessToday; LSD News.

Credit Growth at 22%: The Key Differentiator

Bank of Maharashtra’s gross advances crossed ₹2.92 lakh crore as of March 31, 2026 — up 21.74% YoY. This credit growth rate significantly outpaces most PSU peers and reflects the bank’s disciplined focus on the RAM (Retail, Agriculture, MSME) segment, which grew 20.74% YoY. Within RAM, retail advances surged 32.39% to ₹85,857 crore, driven by home loans, vehicle loans, and personal credit. MSME advances grew 10.71% to ₹53,547 crore. Total deposits rose 14.14% to ₹3.50 lakh crore, and total business reached ₹6.43 lakh crore.

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 — signalling improving operating leverage as the loan book scales faster than overhead costs.

Capital Raise: ₹7,500 Cr Equity + ₹10,000 Cr Infra Bonds

The board approved two major fundraising plans for FY27: (1) equity capital raise of up to ₹5,000 crore via preferential allotment to GOI/LIC/FIs or QIP/Follow-on Public Offer, and ₹2,500 crore via debt instruments — totalling ₹7,500 crore equity capital; (2) ₹10,000 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’s continued 18-22% credit growth trajectory in FY27.

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Conclusion

Bank of Maharashtra’s Q4 FY26 results confirm the bank’s status as India’s best-performing PSU bank. A 35% PAT growth, record FY26 annual profit of ₹7,019 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 ₹77 on the NSE on April 20 following the result announcement.

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Frequently Asked Questions

1. What was Bank of Maharashtra’s Q4 FY26 net profit?

₹2,014 crore — up 34.89% YoY from ₹1,493 crore in Q4 FY25, and up 13.19% QoQ from ₹1,779 crore in Q3 FY26.

2. What is Bank of Maharashtra’s FY26 annual profit?

₹7,019 crore — a record, up 27.17% from ₹5,520 crore in FY25.

3. What is the Bank of Maharashtra Q4 FY26 NII?

₹3,702 crore — up 18.81% YoY from ₹3,116 crore in Q4 FY25, and up 8.19% QoQ.

4. What is Bank of Maharashtra’s asset quality?

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 — among the best in PSU banking.

5. What dividend did Bank of Maharashtra declare?

Final dividend of ₹1.20 per share (12%) for FY26. Including the interim dividend of ₹1 per share (10%) already paid, total FY26 dividend is ₹2.20 per share.

6. What is Bank of Maharashtra’s capital raise plan?

Equity raise of ₹7,500 crore (₹5,000 Cr via preferential/QIP, ₹2,500 Cr via debt), plus ₹10,000 crore in infra bonds and up to $500 million in foreign currency bonds — all for FY27.

7. When do TCS announce Q4 results?

TCS declared Q4 FY26 results on April 9, 2026.

8. Is Bank of Maharashtra a good investment?

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 (₹7,500 Cr) is worth monitoring for EPS impact. Consult a SEBI-registered advisor before investing.

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.

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