Bank of Maharashtra Reports Stellar Results, SML Mahindra’s 235% Dividend & More

Billionbrains Garage Ventures Ltd.

The company saw a healthy 19.04% growth in operational revenue, reflecting increased platform activity and a broader user base in the fintech segment.
While Net Profit grew by 14.18%, the Basic EPS only grew by 3.89%. This is primarily because the Paid-up Equity Share Capital jumped from ₹365.63 Cr to ₹1,247.81 Cr due to its IPO during the year, which diluted earnings per share.

Particulars	FY 2025-26 (Annual)	FY 2024-25 (Previous)	% Change (YoY)
Total Income	₹32,823.72 Cr	₹28,402.61 Cr	+15.56%
Net Profit (After Minority Interest)	₹7,016.86 Cr	₹5,541.78 Cr	+26.62%
Earnings Per Share (EPS in ₹)	₹9.12	₹7.51	+21.44%

The bank reported a stellar 26.62% growth in Net Profit for the full year. This was driven by a healthy increase in interest income and a significant reduction in provisioning requirements.
The bank’s Gross Non-Performing Assets (GNPA) dropped from 1.74% to 1.45%, and Net Non-Performing Assets (NNPA) reached a near-negligible 0.13%, down from 0.18% in the previous year.
The Government of India’s holding decreased from 79.60% to 73.60% YoY.

Particulars	FY 2025-26 (Annual)	FY 2024-25 (Previous)	% Change (YoY)
Total Revenue from Operations	₹8,504.52 Cr	₹7,665.35 Cr	+10.95%
Net Profit (PAT)	₹2,291.24 Cr	₹1,936.14 Cr	+18.34%
Basic EPS (in ₹)	₹88.01	₹74.52	+18.10%

The company achieved a robust 18.3% increase in Net Profit, significantly outpacing its revenue growth. A major contributor to the profit jump was the Negative Impairment cost (₹386.15 Cr reversal in FY26 vs. ₹158.53 Cr in FY25). This indicates substantial recoveries from previously written-off loans and an overall improvement in asset quality.
Revenue growth was primarily fueled by Interest Income, which rose from ₹7,273.73 Cr to ₹8,071.17 Cr, reflecting a healthy expansion in the loan book and potentially better yields.

While revenue grew by a healthy 18.3%, the Net Profit surged by over 31%. This indicates significant operational leverage and better cost management during the year.
Based on the robust performance, the Board has recommended a final dividend of 235% (₹23.50 per share) for the financial year.

The company’s revenue from operations remained virtually flat, showing a marginal increase of only 0.57%.
The bottom line took a significant hit, dropping by 65% YoY. Dividend Reduction:
Reflecting the decrease in earnings, the Board has recommended a lower final dividend of ₹1.00 per equity share (10%), compared to ₹2.20 (22%) in the previous year.