Bank of Maharashtra shares pare gains after surging nearly 5%; check lender's Q4 update

However, the stock pared gains, and when last seen, the scrip was trading 1.38% higher at ₹44.22 on the BSE.

The bank said its outstanding credit was ₹2.03 lakh crore at the end of March 31, 2024, BoM said in a regulatory filing.

The Pune-headquartered lender reported a 13.45% increase in total deposits to ₹3.07 lakh crore in the reporting quarter as against ₹2.70 lakh crore at the end of the fourth quarter of the previous financial year.

As a result, total business (total credit and deposits) of the bank registered an increase of 15.3% to ₹5.47 lakh crore as against ₹4.74 lakh crore at the end of March 2024.

During the latest fourth quarter, it said, the Current Accounts and Savings Accounts (CASA) ratio improved to 53.29% of the total deposits as against 52.73% in the same period of the preceding financial year.

The credit-deposit ratio increased to 78.14% in the fourth quarter as against 75.22% in the year-ago period.

Bank of Maharashtra Q3 FY25 Results

Bank of Maharashtra posted a 36% rise in net profit to ₹1,406 crore in the third quarter that ended December 2024 (Q3 FY25) with rising interest income.

The Pune-based lender had posted a net profit of ₹1,036 crore in the October- December period a year ago.

Total income increased to ₹7,112 crore during the quarter under review against ₹5,851 crore in the same period the previous year, BoM said in a regulatory filing.

The bank earned an interest income of ₹6,325 crore during the quarter compared to ₹5,171 crore a year ago.

The bank was able to reduce gross non-performing assets (NPAs) to 1.80% of the gross loans by the end of December 2024 from 2.04% in the year-ago period.

Similarly, net NPAs, or bad loans, came down to 0.2% from 0.22% at the end of the third quarter of the previous fiscal year.

The Provision Coverage Ratio (PCR) as of December 31, 2024, is 98.28%.

The bank has raised ₹3,500 crore through Qualified Institutional Placements on October 5, 2024.

The bank has issued and allotted 61,01,81,311 equity shares of ₹10 each at a premium of ₹47.36 per share.

Accordingly, the shareholding of the Government of India in the bank has been reduced to 79.60% as of December 31, 2024.

Bank of Maharashtra share price

Shares of Bank of Maharashtra have slipped over 31% in the past 12 months and over 15.7% so far in 2025.

In the past six months, the stock has fallen over 22%.