Bank of Maharashtra Q1 profit rises 23% to Rs 1,593 crore

New Delhi: State-owned Bank of Maharashtra (BoM) on Tuesday reported 23 per cent increase in net profit to Rs 1,593 crore during the first quarter, helped by decline in bad loans and improvement in interest income.

The Pune-based lender had posted a net profit of Rs 1,293 crore in the April-June period of the previous year.

Total income in the quarter under review rose to Rs 7,879 crore from Rs 6,769 crore in the same period a year ago, BoM said in a regulatory filing.

Interest earned by the bank grew to Rs 7,054 crore as compared to Rs 5,875 crore in June quarter FY25.

The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 1.74 per cent of gross advances at the end of June quarter FY26 from 1.85 per cent a year ago.

Similarly, net NPAs or bad loans declined to 0.18 per cent as against 0.20 per cent in the year-ago period.

Capital adequacy ratio of the bank rose to 20.06 per cent from 17.04 per cent in the same quarter of FY25.