Bank of Maharashtra Q4 FY25: Profit up 23%, NIM 4.01%

What the Q4 update showed

Bank of Maharashtra’s latest quarterly update pointed to a sharp rise in earnings and a further improvement in asset quality. The figures shared indicate net profit increased year-on-year from ₹1,493 crore to ₹2,014 crore. Net interest income (NII) also moved up from ₹3,117 crore to ₹3,702 crore year-on-year, reflecting stronger core income. On the asset quality front, gross NPA was reported to have eased to 1.46% from 1.60% on a quarter-on-quarter basis.

Alongside these headline numbers, the input also carried detailed disclosures for the quarter ended 31 March 2025 (Q4 FY25). Those Q4 FY25 results provide the base for year-on-year comparisons and include updates on margins, deposits, advances, profitability ratios, and dividend recommendations.

Q4 FY25 profit and income: the reported numbers

For Q4 FY25, Bank of Maharashtra reported standalone net profit of ₹1,493.08 crore, up 22.61% versus ₹1,217.67 crore in Q4 FY24. Total income for the quarter rose 18.85% year-on-year to ₹7,711.44 crore compared with ₹6,488.25 crore in the year-ago quarter. Net interest income increased 20.59% to ₹3,116 crore from ₹2,584 crore.

The operating profit for Q4 FY25 stood at ₹2,519.74 crore, a 14.03% increase over the prior year quarter. Another data point included in the material also described operating profit at ₹2,520 crore against ₹2,210 crore, aligning broadly with the reported magnitude of growth.

Margin profile: NIM stayed above 4%

The bank’s net interest margin (NIM) improved to 4.01% as of 31 March 2025, compared with 3.97% as of 31 March 2024. This NIM improvement came alongside the year-on-year rise in NII, indicating better spreads and/or improved funding mix. The material also noted that NIM remained firm above 4% despite EBLR-linked re-pricing pressure.

Management commentary included in the input highlighted confidence in profitability metrics, with a stated intent to maintain the trend in NIM and CASA improvement.

Deposit mix and CASA: funding advantage highlighted

As of the end of FY25, the bank’s low-cost CASA deposit ratio rose to 53.28%, up from 52.73% a year earlier. A separate mention in the input referenced CASA at about 53.3%, consistent with the end-of-year level.

A higher CASA share typically helps reduce cost of funds, which can support margins when loan yields face re-pricing. The bank’s reported NIM of 4.01% and the year-on-year jump in NII were presented alongside this improving liability mix.

Asset quality: GNPA improvement flagged

The Q4 note at the top highlighted a quarter-on-quarter improvement in gross NPA to 1.46% from 1.60%. In addition, the broader material referenced gross NPA at 1.74% and also described a longer-term decline in GNPA from 7.2% to 1.74%.

Taken together, the information provided points to continued focus on keeping stressed assets low and sustaining profitability gains driven by a cleaner book.

Balance sheet growth: advances and deposits

Bank of Maharashtra’s gross advances were reported to have grown 17.76% year-on-year to ₹2.40 lakh crore as of 31 March. In normalized terms, that equals ₹240,000 crore. Total deposits increased 13.44% year-on-year to ₹3.07 lakh crore, or ₹307,000 crore.

The input also referenced healthy deposit accretion even with a strong CASA mix, and cited retail advances growth of 25.4%.

Dividend proposal and key dates

The bank board declared a 15% dividend for the fiscal, translating into ₹1.50 per equity share of face value ₹10 each. This dividend is subject to shareholder approval at the ensuing AGM, as stated in the material.

The bank fixed 9 May as the record date for determining shareholder eligibility to receive the dividend.

FY25 full-year performance snapshot

On a full-year basis, Bank of Maharashtra’s net profit rose 36.12% to ₹5,519.79 crore. Total income for FY25 increased 20.89% to ₹28,401.62 crore. These full-year numbers were presented alongside the Q4 FY25 results and help frame the quarterly performance within a strong annual outcome.

The material also referenced profitability ratios improving over time, including a stated ROA rise from 0.3% to 1.75% and PAT growth of 10x over five years, though these were provided as broader context points rather than a single-quarter disclosure.

Key metrics table (as provided in the input)

Market impact: what investors track from these numbers

From a market perspective, the Q4 FY25 disclosure underscored three areas investors typically monitor in PSU banks: profit momentum, margin stability, and asset quality. Net profit growth and a NIM above 4% supported the narrative of improved profitability. The advance and deposit growth rates provided a read-through on business expansion, with advances at ₹240,000 crore and deposits at ₹307,000 crore as of 31 March.

Dividend visibility also matters for shareholder returns, and the proposed ₹1.50 per share dividend with a 9 May record date set clear near-term timelines.

Why this result matters for the PSU banking pack

The combination of double-digit growth in NII, improved NIM, and low reported gross NPA levels positions the bank’s Q4 FY25 results as an example of the broader profitability recovery seen across parts of the PSU banking segment. The FY25 full-year profit of ₹5,519.79 crore and total income of ₹28,401.62 crore further reinforced the scale of the improvement during the year.

At the same time, the inputs include multiple GNPA references (1.46%, 1.74%), so investors typically look to the bank’s detailed filings and investor presentation for a single reconciled view of reported ratios.

Conclusion

Bank of Maharashtra’s disclosures showed Q4 FY25 net profit of ₹1,493.08 crore, higher NII, and a NIM of 4.01%, alongside solid advances and deposit growth and a proposed ₹1.50 per share dividend. The separate Q4 update in the material also flagged profit rising to ₹2,014 crore year-on-year and a gross NPA improvement to 1.46% from 1.60% QoQ. The next key milestone for shareholders is the dividend record date on 9 May, followed by shareholder approval at the AGM.