Bank of MaharashtraMAHABANK₹59.05 +7.15%

Bank of Maharashtra reported stellar financial performance for the quarter ended September 30, 2025, driven by aggressive business expansion and robust asset quality improvement. 

Post the announcement, shares of the company surged over 7%, reaching an intraday high of ₹60.24 apiece.

The bank’s Total Business grew by 14.20% year-on-year to ₹5,63,909 crore, indicating strong overall expansion. This growth was fueled by a remarkable 16.83% increase in Gross Advances, reaching ₹2,54,118 crore, showing significant lending momentum. 

Simultaneously, Total Deposits increased by 12.13% to ₹3,09,791 crore. This strong lending relative to deposits resulted in the Credit-Deposit (CD) Ratio improving to 82.03%, which is a key measure of efficient fund utilization. The RAM (Retail, Agri. & MSME) business grew by 16.94%, with Retail advances growing sharply by 37.45%.

Net Profit increased by 23.09% to ₹1,633 crore for the quarter, demonstrating strong bottom-line growth. This profit surge was supported by a 16.91% growth in Operating Profit and a 15.71% increase in Net Interest Income (NII). 

The bank’s efficiency improved significantly as the Cost to Income Ratio improved to 37.10%, which means the bank is spending less to earn more revenue. The profitability ratios also strengthened: Return on Assets (ROA) improved to 1.82% and Return on Equity (ROE) stood at 22.58%, reflecting high capital deployment efficiency.

Gross NPA declined to 1.72%, and Net NPA declined further to 0.18%, which is excellent for a public sector bank. This decline in bad loans was achieved while maintaining a high Provision Coverage Ratio (PCR) at 98.34%, ensuring most bad loans are accounted for. Finally, the Capital Adequacy Ratio (CRAR) improved to 18.13%, well above regulatory minimums, showing a robust and stable capital base to support future lending growth.

The bank invested significantly in core infrastructure and digital efficiency. A major IT enhancement was the migration of 2,646 branches to Software Defined WAN to boost network reliability and efficiency. Digital automation improved processes, such as the deployment of RPA bots that reduced Cyber Complaint processing time dramatically. 

Over the last three and five years, this stock has delivered multinagger returns of more than 225% and 430%, respectively.

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Note: The stock price mentioned is as of 2:00 pm.