Bank of Maharashtra Q2 Results: Net Profit Jumps Neary 42% to Rs 2,310 Crore, NII Rises 22%
Bank of Maharashtra moved higher in a quarterly results development.
· NDTV Profit, ET Stocks, Economic Times Markets
Bank of Maharashtra's September-quarter profit climbed 41.5% to Rs 2,310 crore as operating profit rose 30.9%. Gross NPA improved to 1.25% from 1.45% in the previous quarter, while provisions declined year-on-year.
The analysis
Bank of Maharashtra reported Rs 2,310 Crore, with movement of 42%, 22% and 41.5% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.4% on the day at ₹81.36, and has returned +2.6% over three months. It sits 13% below its 52-week high. The banks sector has moved -6.0% over the same period, so Bank of Maharashtra is running 8.7 points ahead of its peers.
This is an Asset quality / margins event. For lenders the headline profit is the least informative line. Slippages, credit cost and margin direction determine whether the quarter is repeatable. On the day the stock is +0.4%, so the price barely moved, which suggests this was expected or is seen as immaterial.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
- Credit growth and asset quality are the pulse of the financial sector, which is the largest weight in Indian indices.
Market context
- In focus: Bank of Maharashtra (MAHABANK), in Banks.
- Over three months: Bank of Maharashtra +2.6% against Banks -6.0% (8.7 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Bank of MaharashtraMAHABANK · Banks | ₹81.36 | +0.4% | +2.5% | +2.6% | -13.3% | 1.0× | — |
Banks
1M -3.4% · 3M -6.0%
Bank of Maharashtra
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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