Bank of Maharashtra Q1 FY26: Profit up 23%, key facts

Stock in focus as results and trading data converge

Bank of Maharashtra was in focus after multiple updates around quarterly performance, full-year profitability, and active trading moves in July 2026. The stock was reported at different points around the day, including ₹81.18 after rising 0.72% from a previous close of ₹80.60. Another update put the share price at ₹81.79 on 09 July 2026 at 10:14 AM IST.

Price action also showed a wider band in the session data referenced, with day’s low and high cited at ₹79.90 and ₹84.70 (timestamped “as on July 8, 2026 at 9:31 pm IST”). With results spanning Q1 FY26, Q3 FY26, and a March 2026 quarter snapshot, investors had several data points to parse.

Q1 FY26: profit growth and operating performance

For Q1 FY26, Bank of Maharashtra reported a rise in consolidated profit after tax (PAT) of 23.14% year-on-year to ₹1,593.09 crore, compared with ₹1,293.69 crore in the year-ago period. The bank’s net interest income (NII) was reported to have increased 17.57% year-on-year to ₹3,292 crore, compared with ₹2,800 crore in the corresponding quarter.

Total income for the quarter increased 16.4% to ₹7,879.18 crore, up from ₹6,768.76 crore. Fee-based income rose 8.49% year-on-year to ₹399 crore. The cost-to-income ratio improved to 37.57% in Q1 FY26 from 37.87% in Q1 FY25.

On the balance sheet side, gross advances were reported at ₹2,41,097 crore for the quarter, up 15.34% year-on-year from ₹2,09,031 crore.

March 2026 quarter: revenue and profit snapshot

A separate quarterly snapshot for March 2026 listed revenue of ₹8,693 crore, up 5.03%, and profit of ₹2,014 crore, up 13.20%. Another line item added that the March 2026 quarter net profit rose 34.89% year-on-year to ₹2,014 crore and grew 13.19% sequentially.

These figures were presented alongside broader FY26 commentary that described “solid growth” in the March 2026 quarter, indicating that investors were tracking both quarterly momentum and full-year outcomes.

FY25 vs FY26: full-year profit progression

For the year ending March 31, 2025, net profit was cited at ₹5,520 crore, with a stated growth of 36.12% for that year. Separately, FY26 net profit was reported at ₹7,019 crore, up 27.17% year-on-year versus ₹5,520 crore for FY25.

In addition to profitability, a summary line on FY26 performance stated deposits rose 14%, advances increased 22%, and asset quality improved significantly, though no specific asset quality ratios were provided in the supplied data.

Dividend actions mentioned for FY26

On shareholder payouts, the bank proposed a final dividend of ₹1.20 per share (12%) for FY26. This was stated to be in addition to an interim dividend of ₹1 per share already paid.

Separately, another note about the Q1 FY26 results also referenced a “bonus issue” in a 1:1 ratio and mentioned an “interim payout” figure, presented as part of key highlights. Since the dataset contains multiple dividend and corporate action references, investors typically reconcile these items with the bank’s official exchange filings.

Credit growth and longer-term operating metrics

One update cited that Bank of Maharashtra reported a year-on-year increase of 22.03% in advances, described as higher than its five-year CAGR of 17.04% (source: consolidated financials). Another efficiency metric referenced was net profit per employee, said to have increased continuously over the last three years, with 18.97% growth last year (source: standalone financials).

These operating indicators were presented alongside quarterly profit and income growth, suggesting the market narrative was not only about headline PAT but also about the pace of credit expansion and productivity trends.

Asset quality watch: slippages and SMA-2 movement

While the quarter was described as consistent with the bank’s recent performance, the dataset also flagged areas to monitor. In Q1 FY 2026, the bank faced increased slippages, with the agriculture sector accounting for 47% of slippages. In addition, SMA-2 figures were reported to have risen to ₹171 crore from ₹40 crore in the preceding quarter, signalling potential stress building up in parts of the loan book.

No additional NPA ratios or provisioning details were included in the provided text, but these indicators are often tracked for early warning signals.

Share price and trading indicators cited in the updates

The supplied data included multiple points on trading levels and ranges. Besides the ₹81.18 print after a 0.72% rise from ₹80.60, the stock was also reported at ₹81.79 on 09 July 2026 at 10:14 AM IST. A separate price dashboard listed the previous close at ₹83.19 and open at ₹83.11, with volume of 2.02 crore shares.

The same dashboard cited an upper circuit of ₹99.82 and lower circuit of ₹66.56, and a 52-week low and high of ₹51.71 and ₹94.50. Another historical price movement note (from a different date context) mentioned a 52-week high of ₹77.00 and 52-week low of ₹47.51, highlighting that the dataset combines snapshots from different periods.

Key numbers table

Market impact and why these updates matter

The data points collectively highlight a bank reporting steady year-on-year growth in profit and core income, alongside strong advances growth metrics referenced in multiple places (including a 22.03% YoY increase in advances). The stock’s trading band and volume, together with the 52-week range figures, indicate active participation around results and related updates.

At the same time, the mention of higher slippages and a sharp move in SMA-2 to ₹171 crore from ₹40 crore adds an important counterbalance for investors following asset quality trends. With FY26 dividends also discussed, the near-term focus typically shifts to confirming corporate action timelines and tracking subsequent quarterly disclosures.

Conclusion

Bank of Maharashtra’s Q1 FY26 numbers in the dataset show PAT at about ₹1,593 crore with NII growth in the high teens, while FY26 profit was cited at ₹7,019 crore and March 2026 quarter profit at ₹2,014 crore. Trading updates around early July 2026 showed the stock moving within a wide intraday band, with volume and circuit levels also reported. The next set of confirmed filings and scheduled quarterly updates will likely be the key reference points for reconciling dividend actions and monitoring slippage and SMA trends.