Don’t Trade in the Dark—Get Your Pre-Market Report Every Day.Join Now
Search stocks
Bank of Maharashtra

| Standalone Audited Financial Results – Q4 & FY26

Report Source

⬤10th Jun 26

Summary : Bank of Maharashtra reports strong FY26 profits, improved asset quality, and plans significant capital raising for growth.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Interest expended
  2. Operating expenses (employee cost, other operating expenses)
  3. Provisions and Contingencies
  4. Interest earned (from advances, investments, RBI balances)
  5. Other income (fee/commission, profit/loss on asset/investment sales, FX earnings, PSLC certificates, recoveries, dividend income)
  6. Net cash flow from operating activities: Negative Rs. 109.89 crore (Standalone) and Negative Rs. 113.36 crore (Consolidated) for FY26.
  7. Net cash flow from investing activities: Negative Rs. 8.53 crore (Standalone) and Negative Rs. 5.06 crore (Consolidated) for FY26.
  8. Net cash flow from financing activities: Negative Rs. 26.07 crore (Standalone and Consolidated) for FY26.
  9. Total cash flow during the year: Negative Rs. 144.49 crore (Standalone and Consolidated) for FY26.
  10. Additional COVID-19 related provision of Rs. 1010 Crores as of March 31, 2026.
  11. Total Assets: Rs. 42,736.27 crore (Standalone) and Rs. 42,747.14 crore (Consolidated) as of March 31, 2026.
  12. Deposits: Rs. 35,056.44 crore (Standalone) and Rs. 35,053.82 crore (Consolidated) as of March 31, 2026.
  13. Advances: Rs. 28,810.43 crore (Standalone and Consolidated) as of March 31, 2026.
  14. Investments: Rs. 10,148.02 crore (Standalone) and Rs. 10,158.79 crore (Consolidated) as of March 31, 2026.
  15. Reserves & Surplus: Rs. 25,416.26 crore (Standalone) and Rs. 25,533.08 crore (Consolidated) as of March 31, 2026.
  16. Maharashtra Gramin Bank (Associate Entity).
  17. Both standalone and consolidated financial results are audited with an unmodified opinion.
  18. Consolidated results include a subsidiary (Maharashtra Executor and Trustee Company Private Limited) and an associate (Maharashtra Gramin Bank).

Corporate Overview

  1. Domestic
  2. International
  3. Managing stressed assets and non-performing assets.
  4. Preventing and addressing fraud incidents.
  5. Ensuring compliance with evolving regulatory frameworks.
  6. Reserve Bank of India (RBI) regulations
  7. SEBI (Listing Obligations and Disclosure Requirements) Regulations
  8. Government of India (major shareholder)
  9. Provides banking services including Treasury, Corporate/Wholesale, Retail, and Other Banking Operations.
  10. Confident about financial performance and future growth.
  11. Committed to regulatory compliance and capital augmentation.
  12. Retail customers
  13. Corporate and Wholesale clients
  14. MSME sector
  15. Treasury Operations
  16. Corporate/Wholesale Banking Operations
  17. Retail Banking Operations
  18. Other Banking Operations
  19. Raising capital up to Rs. 7,500 crore via equity shares (preferential allotment, QIP, FPO/Rights/ESPS) and/or Basel III Additional Tier I/Tier II Bonds.
  20. Issuance of Long-Term Infra Bonds up to Rs. 10,000 crore during FY 2026-27.
  21. Raising long-term funds by issuing foreign currency bonds up to USD 500 million during FY 2026-27.

Risk Factors

  1. Negative cash flow for year.
  2. Significant fraud cases reported.
  3. COVID-19 provisions remain.
  4. Associate's results unaudited.

Key Drivers

  1. Net profit increased significantly.
  2. Asset quality improved, NPAs reduced.
  3. Major capital raising plans.
  4. Expansion via infra and foreign bonds.

Auditor’s Report

  1. Unmodified opinion for both Standalone and Consolidated Financial Results.
  2. Additional COVID-19 related provision of Rs. 1010 Crores as contingency provision.
  3. Impairment loss of Rs. 280.59 Crore recognized due to associate amalgamation.
  4. Pillar 3 disclosures under Basel III Capital Regulations are on the Bank's website and not audited.
  5. Associate's financial results for the year ended March 31, 2026, were unaudited, but deemed not material to the Group.

Board Commentary

  1. Recommended final dividend of 12% (Rs. 1.20 per equity share) for FY 2025-26.
  2. This is in addition to the interim dividend of 10% (Rs. 1.00 per equity share) declared and paid earlier.
  3. Reported 394 fraud cases involving Rs. 990.00 crore during FY 2025-26, with Rs. 873.99 crore provisioned.
  4. Estimated liability of Rs. 2.97 crore for unhedged foreign currency exposure.
  5. RBI levied penalties of Rs. 0.70 crore on the bank during FY 2025-26, which has been provided for.
  6. Approval to raise capital up to Rs. 7,500 crore through various instruments.
  7. Approval for issuance of Long-Term Infra Bonds up to Rs. 10,000 crore.
  8. Approval to raise long-term funds via foreign currency bonds up to USD 500 million.

Corporate Governance

  1. Auditors confirmed compliance with the Code of Ethics issued by ICAI.
  2. Audit Committee of the Board reviewed and approved the financial results.

Management Discussion & Analysis

Future Strategy

  1. Capital augmentation through equity and bond issuances.
  2. Long-term funding for infrastructure projects.
  3. Diversifying funding sources with foreign currency bonds.

Operational Focus Areas

  1. Maintaining and improving asset quality.
  2. Ensuring robust regulatory compliance.
  3. Effective capital management for growth and stability.

Performance Drivers

  1. Significant increase in net profit after tax.
  2. Improved asset quality with reduced Gross and Net NPAs.
  3. Growth in interest earned from advances and investments.
  4. Strategic capital raising initiatives to support growth.

Risk Control Measures

  1. Provisions for non-performing assets and stressed assets.
  2. Contingency provisions for COVID-19 related impacts.
  3. Provisions for unhedged foreign currency exposure.
  4. Provisions for reported fraud cases.

Critical Risks

  1. Potential impact of stressed assets.
  2. Exposure to unhedged foreign currencies.
  3. Operational risks including fraud incidents.