Bank of Maharashtra
Bank of Maharashtra (MAHABANK) last reported results for the quarter ended Jun 2026, with sales of ₹8,035 crore and net profit of ₹2,023 crore. The stock last traded at ₹80.6, a market capitalisation of ₹61,955 crore, on a P/E of 8.24. Over the past 52 weeks the stock has ranged between ₹54.7 and ₹94.5. Figures are as of 6 Oct 2026 and are not real time.
Bank of Maharashtra share price and key metrics
- Current price
- ₹80.6
- Market cap
- ₹61,955 cr
- Stock P/E
- 8.24
- Book value
- ₹46.4
- ROE
- 22.6%
- ROCE
- 6.03%
- Dividend yield
- 2.72%
- 52w high / low
- 94.5/54.7
Metrics as of 6 Oct 2026. Not real time.
Track Bank of Maharashtra
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Bank of Maharashtra growth and returns
- 10 Years
- 8%
- 5 Years
- 20%
- 3 Years
- 23%
- TTM
- 16%
- 10 Years
- 50%
- 5 Years
- 65%
- 3 Years
- 39%
- TTM
- 31%
- 10 Years
- 10%
- 5 Years
- 32%
- 3 Years
- 19%
- 1 Year
- 41%
- 10 Years
- 10%
- 5 Years
- 20%
- 3 Years
- 23%
- Last Year
- 23%
Bank of Maharashtra quarterly results
In the quarter ended Jun 2026, sales were ₹8,035 cr, up 13.9% from ₹7,054 cr a year earlier. Net profit was ₹2,023 cr, up 34.5% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 6,017 | 6,325 | 6,731 | 7,054 | 7,128 | 7,344 | 7,755 | 8,035 |
| Expenses | 2,219 | 2,269 | 2,561 | 2,414 | 2,275 | 2,348 | 2,312 | 2,522 |
| Operating profit | 588 | 675 | 556 | 878 | 973 | 1,075 | 1,391 | 1,248 |
| OPM % | 10% | 11% | 8% | 12% | 14% | 15% | 18% | 16% |
| Other income | 792 | 788 | 981 | 825 | 846 | 933 | 938 | 1,029 |
| Interest | 3,210 | 3,381 | 3,614 | 3,762 | 3,880 | 3,922 | 4,052 | 4,264 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1,380 | 1,463 | 1,537 | 1,703 | 1,819 | 2,008 | 2,330 | 2,277 |
| Tax % | 4% | 4% | 3% | 6% | 10% | 11% | 14% | 11% |
| Net profit | 1,333 | 1,412 | 1,502 | 1,504 | 1,669 | 1,799 | 2,045 | 2,023 |
| EPS (₹) | 1.88 | 1.84 | 1.95 | 1.96 | 2.17 | 2.34 | 2.66 | 2.63 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Bank of Maharashtra annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 12,062 | 11,096 | 10,850 | 11,496 | 11,869 | 13,019 | 15,899 | 20,495 | 24,948 | 29,282 | 30,262 |
| Operating profit | -3,533 | -4,643 | -6,090 | -1,050 | -1,889 | -1,233 | 1,428 | 1,281 | 2,560 | 4,661 | 4,688 |
| OPM % | -29% | -42% | -56% | -9% | -16% | -9% | 9% | 6% | 10% | 16% | 15% |
| Net profit | -1,356 | -1,112 | -4,763 | 399 | 571 | 1,153 | 2,605 | 4,072 | 5,542 | 7,017 | 7,536 |
| EPS (₹) | -11.61 | -4.28 | -17.30 | 0.68 | 0.87 | 1.71 | 3.87 | 5.75 | 7.21 | 9.12 | 9.80 |
TTM is the trailing twelve months to the most recent quarter.
Bank of Maharashtra balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 1,168 | 2,598 | 2,753 | 5,824 | 6,560 | 6,730 | 6,730 | 7,081 | 7,692 | 7,692 |
| Reserves | 6,301 | 7,469 | 3,130 | 5,085 | 5,748 | 7,331 | 9,060 | 12,789 | 21,016 | 25,533 |
| Borrowings | 8,137 | 4,064 | 10,149 | 3,670 | 4,239 | 7,747 | 10,766 | 7,719 | 23,853 | 35,234 |
| Deposits | 139,040 | 138,967 | 140,636 | 150,050 | 173,989 | 202,275 | 234,064 | 270,726 | 307,120 | 350,538 |
| Other liabilities | 4,765 | 3,351 | 8,008 | 4,388 | 6,299 | 6,700 | 7,207 | 9,013 | 9,673 | 8,475 |
| Total liabilities | 159,411 | 156,449 | 164,676 | 169,018 | 196,835 | 230,783 | 267,827 | 307,329 | 369,354 | 427,471 |
| Fixed assets | 1,564 | 1,487 | 1,741 | 1,604 | 1,622 | 2,036 | 2,149 | 2,200 | 2,911 | 2,954 |
| CWIP | 22 | 30 | 34 | 72 | 52 | 205 | 8 | 10 | 4 | 8 |
| Investments | 38,677 | 43,742 | 59,837 | 57,891 | 68,281 | 68,762 | 69,042 | 68,465 | 82,216 | 101,588 |
| Other assets | 119,148 | 111,189 | 103,064 | 109,451 | 126,880 | 159,780 | 196,628 | 236,655 | 284,222 | 322,922 |
| Total assets | 159,411 | 156,449 | 164,676 | 169,018 | 196,835 | 230,783 | 267,827 | 307,329 | 369,354 | 427,471 |
As reported by the company. Total assets equal total liabilities by construction.
Bank of Maharashtra cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 7,498 | -1,723 | -10,842 | 693 | 2,447 | 6,896 | -1,440 | 11,581 | 7,628 | -11,336 |
| Cash from investing | -99 | -134 | -106 | -100 | -169 | -300 | -175 | -260 | -495 | -506 |
| Cash from financing | -77 | 1,100 | 4,220 | 698 | 217 | 378 | 228 | 461 | 4,750 | -2,607 |
| Net cash flow | 7,322 | -758 | -6,729 | 1,292 | 2,495 | 6,974 | -1,387 | 11,783 | 11,883 | -14,449 |
| Free cash flow | 7,399 | -1,858 | -10,968 | 584 | 2,258 | 6,594 | -1,617 | 11,305 | 7,112 | -11,742 |
| CFO / operating profit | 140% | -56% | -1,058% | 11% | 48% | 120% | -15% | 97% | 48% | -56% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Bank of Maharashtra operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | -17% | -13% | -60% | 5% | 5% | 9% | 17% | 23% | 23% | 23% |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Bank of Maharashtra shareholding pattern
Promoters held 73.60% at Jun 2026, down from 79.60% at Jun 2025. FIIs 5.82% and DIIs 14.28%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 86.46% | 79.60% | 79.60% | 79.60% | 79.60% | 73.60% | 73.60% | 73.60% |
| FIIs | 1.26% | 1.54% | 1.72% | 1.89% | 2.35% | 4.92% | 5.55% | 5.82% |
| DIIs | 4.46% | 10.88% | 10.67% | 10.40% | 10.06% | 13.50% | 13.93% | 14.28% |
| Public | 7.81% | 7.99% | 8.00% | 8.11% | 8.00% | 7.97% | 6.93% | 6.32% |
| No. of shareholders | 9,48,432 | 9,95,543 | 10,06,265 | 9,91,930 | 9,74,484 | 9,52,775 | 9,01,410 | 8,75,943 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Bank of Maharashtra corporate filings
- Bank of Maharashtra publishes Half Yearly Bond Outstanding Statement as of 30.09.2026Otherslow impact
Cruxal's analysis: The bank has filed a compliance report detailing its outstanding bonds for the half year…
Read the full analysis - Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Company Updatelow impact
- Bank of Maharashtra appoints Shri Devdatta Rokade as Chief Compliance Officer effective 1st October 2026Company Updatelow impact
Cruxal's analysis: Bank of Maharashtra has announced the appointment of Shri Devdatta Rokade, a Chief…
Read the full analysis - Bank of Maharashtra announces superannuation of Chief Vigilance Officer effective 30th September 2026Company Updatelow impact
Cruxal's analysis: Bank of Maharashtra has formally communicated the superannuation of Shri Amit Srivastava…
Read the full analysis - Bank of Maharashtra reviews MCLR interest rate, no immediate change announced Corp Actionlow impact
Cruxal's analysis: The bank has issued a regulatory update regarding its MCLR rate review, with no specific…
Read the full analysis - Bank of Maharashtra confirms full redemption and interest payment of 500 crore Basel III Tier II bondsOtherslow impact
Cruxal's analysis: Bank of Maharashtra has successfully completed the full redemption of its Basel III…
Read the full analysis - Bank of Maharashtra Receives Final 'BBB-' Credit Rating for USD 500 Million Senior Unsecured NotesCompany Updatelow impact
Cruxal's analysis: Bank of Maharashtra has received a final 'BBB-' credit rating from Fitch Ratings for its…
Read the full analysis - Bank of Maharashtra reports outcome of analyst/investor meetCompany Updatelow impact
Cruxal's analysis: Bank of Maharashtra held an analyst/investor meeting on September 24, 2026. The…
Read the full analysis - Closure of Trading WindowInsider Trading / SASTlow impact
- Bank of Maharashtra announces notice of proposed bank strikeCompany Updatelow impact
Cruxal's analysis: Bank of Maharashtra has issued a regulatory disclosure regarding a proposed bank strike…
Read the full analysis - Bank of Maharashtra receives BBB credit rating from S&P Global for 500 million USD Medium Term Note ProgrammeCompany Updatemedium impact
Cruxal's analysis: Bank of Maharashtra has received a BBB credit rating from S&P Global Ratings for its 500…
Read the full analysis - Bank of Maharashtra confirms timely annual interest payment of 41 crore 9 lakh 70 thousand on Basel III Tier II BondsOtherslow impact
Cruxal's analysis: Bank of Maharashtra has successfully fulfilled its debt obligation by paying an annual…
Read the full analysis - Bank of Maharashtra announces pricing of notes under MTN programmeCompany Updatelow impact
Cruxal's analysis: Bank of Maharashtra has provided an intimation regarding the pricing of notes issued…
Read the full analysis - Bank of Maharashtra announces appointment of Shri Saurabh Kumar as Government of India Nominee DirectorCompany Updatelow impact
Cruxal's analysis: Bank of Maharashtra has informed the exchanges regarding the appointment of Shri Saurabh…
Read the full analysis - Bank of Maharashtra announces notice of proposed bank strikeCompany Updatelow impact
Cruxal's analysis: Bank of Maharashtra has issued a formal disclosure regarding a proposed bank strike, as…
Read the full analysis - Bank of Maharashtra confirms timely annual interest payment of 62.05 crore on Basel III Additional Tier I BondsOtherslow impact
Cruxal's analysis: Bank of Maharashtra has successfully fulfilled its debt obligation by paying 62.05 crore…
Read the full analysis - Bank of Maharashtra Investor Presentation Highlights Strong Growth and Asset Quality Improvement as of June 2026Company Updatehigh impact
Cruxal's analysis: Bank of Maharashtra has released its September 2026 investor presentation, showcasing…
Read the full analysis - Bank of Maharashtra Receives 'BBB' Credit Rating for 4,185 Crore USD 500 Million Euro Medium-Term Note ProgrammeCompany Updatelow impact
Cruxal's analysis: Bank of Maharashtra has secured a 'BBB' long-term issue rating from S&P Global Ratings…
Read the full analysis - Bank of Maharashtra Receives 'BBB-' Credit Rating for USD 500 Million Euro Medium Term Note ProgrammeCompany Updatemedium impact
Cruxal's analysis: Bank of Maharashtra has been assigned a 'BBB-' rating by Fitch Ratings for its USD 500…
Read the full analysis - Bank of Maharashtra establishes USD 500 million Medium Term Note (MTN) programmeCompany Updatemedium impact
Cruxal's analysis: Bank of Maharashtra has formally established a USD 500 million Euro Medium Term Note…
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