Is Bank of Maharashtra a Good Buy After Its Q1 FY27 Results?

The Bank of Maharashtra share price has been under the spotlight this results season after the company reported its first-quarter numbers for FY27. Bank of Maharashtra is a public sector bank with a strong presence in western and central India, and its Q1 FY27 print, for the quarter ended June 30, 2026, gives investors a fresh data point to test whether the stock still deserves a place in a portfolio at current levels.

Revenue for the quarter came in at Rs 9,064 crore, up 15.0% year on year, while profit after tax came in at Rs 2,021 crore, up 26.8% from a year earlier. That combination of numbers is exactly what this article breaks down, along with what it means for the Bank of Maharashtra share price from here.

This piece works through the quarter's financial highlights, the business factors behind the numbers, where the Bank of Maharashtra share price stands against its 52-week range and valuation multiples, and the key risks worth watching before treating this as a buy, hold or a stock to avoid for now.

Click Here – Get Free Investment Predictions

Bank of Maharashtra Q1 FY27 Financial Highlights

Metric	Q1 FY27	Q1 FY26	YoY Change
Revenue	Rs 9,064 crore	Rs 7,879 crore	15.0%
EBITDA	Rs 2,277 crore	Rs 1,703 crore	33.7%
Operating Margin	81.4%	77.5%	NA
Profit Before Tax	Rs 2,277 crore	Rs 1,703 crore	33.7%
Net Profit / (Loss)	Rs 2,021 crore	Rs 1,593 crore	26.8%

Bank of Maharashtra Q1 FY27 Performance Analysis

Check Bank of Maharashtra Fundamentals on Univest Screener

Revenue growth of 15.0% for the quarter came from steady demand across the company's core business, keeping the topline trend intact for the public sector banking sector.

The bigger story is on profitability. PAT grew 27% to Rs 2,021 crore, comfortably ahead of revenue growth, which points to margin expansion or a favourable base effect. This is the kind of quarter that supports the premium the Bank of Maharashtra share price already commands, though investors should check whether the growth is repeatable or was helped by one-off factors.

On a sequential basis, revenue moved up 4.3% sequentially from Rs 8,693 crore in the March 2026 quarter and net profit moved up 0.3% sequentially from Rs 2,014 crore in the prior quarter, giving a fuller picture of the trend behind the Bank of Maharashtra share price than the year on year comparison alone.

Key Business Factors in Q1 FY27

Revenue Trend

Bank of Maharashtra's revenue grew 15.0% year on year this quarter, taking the quarterly base to Rs 9,064 crore in a public sector banking business that remains sensitive to demand and pricing cycles that ultimately feed through to the Bank of Maharashtra share price.

Margin Movement

EBITDA rose 33.7% to Rs 2,277 crore, and operating margin moved to 81.4% from 77.5% a year earlier, a sign that cost control or pricing held up during the quarter.

Balance Sheet Position

Bank of Maharashtra's balance sheet metrics were not fully available for this quarter and should be checked against the company's official filings before making an investment decision.

Valuation Context

The stock trades at a PE of 8.4x, below the industry average of 12.5x, which is worth factoring into any read of whether the Bank of Maharashtra share price is expensive or reasonably priced.

Dividend Details

No interim dividend was declared alongside Bank of Maharashtra's Q1 FY27 results. The stock currently carries a trailing dividend yield of 1.46%, based on dividends paid over the last year. Investors tracking the Bank of Maharashtra share price for income should watch the company's announcements around its next annual results for any dividend decision.

Bank of Maharashtra Share Price Outlook for FY27

The Q1 FY27 print sets a reasonably high bar for the rest of the year. If Bank of Maharashtra can sustain this pace of revenue and profit growth, the current valuation gets easier to justify. The main swing factor is whether this quarter's momentum reflects a durable trend or a favourable one-off, something the next two quarters should clarify.

For the Bank of Maharashtra share price to hold its current premium through FY27, the company will likely need to keep posting growth at or near this quarter's pace, since any slowdown would put pressure on a stock priced for continued strength.

Bank of Maharashtra Stock Performance

Download the Univest iOS App or Univest Android App to track Bank of Maharashtra's live share price and get daily stock updates.

The Bank of Maharashtra share price was trading around Rs 83 as results season played out in late August 2026, roughly 12.5% below its 52-week high of Rs 94 and well above its 52-week low of Rs 52. Promoter holding stood at 73.6% as of the June 2026 quarter.

The Bank of Maharashtra share price has room to re-rate further if the growth shown this quarter continues, though much of the good news may already be reflected in the stock near current levels. On profitability ratios, the company reports a return on equity of 22.24% and a book value of around Rs 44 per share, both useful reference points when judging whether the current price is reasonable.

Key Risks

Sector and Demand Risk

As a public sector banking business, Bank of Maharashtra's results remain tied to sector-specific demand, pricing and regulatory cycles that can shift from quarter to quarter and move the Bank of Maharashtra share price well before the next result.

Execution Risk

Sustaining this quarter's trend into the rest of FY27 depends on management execution on costs, pricing and demand, none of which are guaranteed.

Conclusion

Bank of Maharashtra's Q1 FY27 results were genuinely strong, with revenue at Rs 9,064 crore and PAT up 27% to Rs 2,021 crore. That said, at a PE of 8.4x, the Bank of Maharashtra share price is not inexpensive, so this looks like a quality business trading at a full price rather than a bargain. Existing investors have little to worry about from this print, while new investors asking whether Bank of Maharashtra is a good buy should weigh the strong quarter against the valuation before adding at current levels.

Frequently Asked Questions on Bank of Maharashtra Q1 FY27 Results

What were Bank of Maharashtra's Q1 FY27 results?

Ans. Bank of Maharashtra reported Q1 FY27 revenue of Rs 9,064 crore, up 15.0% year on year, and PAT of Rs 2,021 crore, up 26.8% year on year.

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

Ans. Bank of Maharashtra's core numbers improved this quarter, though at a PE of 8.4x the stock is not inexpensive, so this suits investors comfortable paying up for quality. Investors should form their own view based on their own risk appetite and time horizon.

What is the Bank of Maharashtra share price today?

Ans. The Bank of Maharashtra share price was trading around Rs 83 in late August 2026, about 12.5% below its 52-week high of Rs 94 and well above its 52-week low of Rs 52.

What is Bank of Maharashtra's revenue and profit for Q1 FY27?

Ans. Bank of Maharashtra reported revenue of Rs 9,064 crore and a net profit of Rs 2,021 crore for the quarter ended June 30, 2026.

Did Bank of Maharashtra declare a dividend with its Q1 FY27 results?

Ans. No interim dividend was declared alongside Bank of Maharashtra's Q1 FY27 results. Investors should track the company's next annual results for any dividend announcement.

What is Bank of Maharashtra's PE ratio and is it expensive?

Ans. The Bank of Maharashtra share price trades at a trailing PE of 8.4x, against an industry average of 12.5x. Investors should compare this with the company's growth rate before judging value.

What are the key risks for Bank of Maharashtra investors right now?

Ans. As a public sector banking business, Bank of Maharashtra's results remain tied to sector-specific demand, pricing and regulatory cycles that can shift from quarter to quarter and move the Bank of Maharashtra share price well before the next result. Sustaining this quarter's trend into the rest of FY27 depends on management execution on costs, pricing and demand, none of which are guaranteed.

What is Bank of Maharashtra's promoter shareholding?

Ans. Promoter holding in Bank of Maharashtra stood at 73.6% as of the June 2026 quarter.