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

Tue Apr 21 2026

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.

Track MAHABANK on Univest.

Table of Contents

Bank of Maharashtra Q4 FY26 Financial Results

Metric	Q3 FY26	Q4 FY25 (Base)	Q4 FY26 (Actual)
Net Profit (PAT)	₹1,779 Cr	₹1,493 Cr	₹2,014 Cr (+34.9% YoY)
Net Interest Income (NII)	₹3,422 Cr	₹3,116 Cr	₹3,702 Cr (+18.8% YoY)
Operating Profit	₹2,736 Cr	₹2,520 Cr	₹2,946 Cr (+16.9% YoY)
Net Revenue (NII+OI)	₹4,355 Cr	₹4,097 Cr	₹4,640 Cr (+13.3% YoY)
Gross NPA	1.60%	1.74%	1.45% (Improved)
Net NPA	—	0.18%	0.13% (Improved)
Gross Advances	₹2.73L Cr	—	₹2.92L Cr (+21.7% YoY)
FY26 Net Profit	—	FY25: ₹5,520 Cr	₹7,019 Cr (+27.2% YoY)

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.

Screen MAHABANK fundamentals on Univest Screener.

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.

For more Q4 FY26 results, visit Univest Blogs.

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.