Bank of Maharashtra Ltd — Q4 FY26
Bank of Maharashtra delivered a strong Q4 FY26, with net profit surging 27% YoY to ₹7,019 crore, driven by robust loan growth of 22% YoY and stable NIM of 3.91% (full year).
bullish
high
✓ Verified against BSE filing
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
90%Questions answered0Evaded / deflected10Questions audited
Partial answer
High priority
Impact of West Asia war on MSME accounts and stress signs.
Asked by Ashok Kachmera, Matchcon Global
Acknowledged risk but gave no concrete impact numbers, only qualitative caution.
no specific impact quantificationdeferred to future quarters
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Question
where do you see the impact of this war coming to our corporate account mainly the MSME accounts and is there any stress which you have already started feeling
Nidhu Sakenna (MD)
so far March there is no element of stress or sign of any worry in fact my MSME NPA number has actually come down to 1.54%.
Answered
Medium priority
Use of COVID provision buffer of 190 crores this quarter.
Asked by Ashok Kachmera, Matchcon Global
Explained the shift from COVID provision to new geopolitical provision with specific amount.
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Question
we used to have that 1,200 cr that covid provision but this time it has come down to 1,0 so 190 cr has gone up from that buffer
Nidhu Sakenna (MD)
we have internally created a global geopolitical uncertainties provisioning and we have in this quarter built a provision of 200 crores
Answered
Medium priority
Overseas advances book growth and composition.
Asked by Ashok Kachmera, Matchcon Global
Provided composition, aspiration, and current progress with specific numbers.
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Question
overseas advances book which has gone up from 3517 cr to 6,142 crores. I believe this must be gift city. what kind of book we have built here
Nidhu Sakenna (MD)
it is a combination of participating in some global syndications. we have kept aspiration of making gift city in 12 months minimum 1 billion book, 650 million we've already done
Answered
High priority
Tax rate normalization and DTA status.
Asked by Ashok Kachmera, Matchcon Global
Explained reasons for low tax rate and confirmed normalization from Q2 onwards.
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Question
on taxation our average income tax it has come to 10.66% of the profit for the whole year. Can the CFO throw the light on the entire DTA provision
CFO
average tax rate is coming around 10 to 11%, because we are getting deduction in the forms of bad debt provision also under 3 367A and 367 two sections
Answered
High priority
Strategy that worked and will work for next 2-3 years.
Asked by Priyanga, Walam Capital
Detailed strategic themes and specific actions like branch expansion and core business focus.
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Question
what actually has laid out for Bank of Maharashtra to achieve all the guidances that were set 12 months ago and what will work going ahead over next 2-3 years
Nidhu Sakenna (MD)
we want to grow in scale and size. the mantra for growth was it should be a profitable growth. no compromise on the quality.
Answered
High priority
Forward-looking guidance for FY27.
Asked by Priyanga, Walam Capital
Provided a comprehensive list of guidance numbers for FY27.
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Question
What would be those comparable numbers when I have to look Bank of Maharashtra for FI27?
Nidhu Sakenna (MD)
total business this year we plan to grow at 16 to 17%. within which advances will grow at 18%. Deposit to grow at 14 to 15%.
Partial answer
Medium priority
Steps to improve fee income growth.
Asked by Pat Goodka, 361 Capital
Acknowledged issue and announced focus but no concrete plan or numbers.
no specific target or timeline given
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Question
on the fee income our fee income growth was lower than the loan growth. what are the steps we are taking here to improve our fee income
Nidhu Sakenna (MD)
this year the one parameter which we have already decided is fee based income. we will make it as a year where we see huge scope of growing our fee based income
Evasive
Low priority
Percentage of deposits yet to reprice.
Asked by Pat Goodka, 361 Capital
Did not provide a specific percentage, only qualitative comment.
no percentage givenvague statement
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Question
what percentage of your deposit is yet to reprice?
Nidhu Sakenna (MD)
there is no much of portfolio which is seen to be repriced. we have seen the entire because my average maturity profile was somewhere around 10 to 12 months.
Answered
Medium priority
MTM and AFS reserves movement from Q3 to Q4.
Asked by Jundra, ICIC Securities
Provided specific numbers for AFS reserves in Q3 and Q4.
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Question
how much was the MTM the number that we have given is the total MTM plus realized gain and the movement in AFS reserves from Q3 to Q4
CFO
it was the 175 crores positive as on Q3 and as on 31st March it is 362 crores negative.
Evasive
Low priority
PLI payout for Q4 and FY26.
Asked by Jundra, ICIC Securities
Did not quantify the payout, only described the process.
no specific payout amount given
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Question
how much was the total payout for Q4 performance linked incentive sir PLI thing. how much was the payout in Q4 and maybe FI26
Nidhu Sakenna (MD)
for scale up to three as per the agreed formula in the IBA we have gone ahead and released the PLI. for scale four and above we have made 100% provision on some estimations
Answered
High priority
Impact of Maharashtra farm loan waiver on the bank.
Asked by Aksha Badlani, HFC Securities
Provided specific eligible amounts and expected benefit.
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Question
the Maharashtra government has announced farm loan waivers for KCC loans less than 2 cr. how do we see the impact of that
Nidhu Sakenna (MD)
overdue amount eligible accounts will be 917 crores. NPA is 1067. so put together it is 1984. around 2,000 crores of debt waiver amount is what one can expect.
Answered
High priority
Net worth decline despite profit, gold loan decline, CGTMSE coverage, slippage breakup.
Asked by Ashley Shonj, KC Securities
Explained net worth decline due to AFS reserve and dividend, and answered other sub-questions with specific numbers.
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Question
explain the movement of the net worth because it seems like your net worth has declined quarter on quarter by about 200 crores in spite of a profit of 2,000 crores
CFO and Nidhu Sakenna (MD)
there is one movement regarding the AFS reserve and second the board has proposed dividend of 22% which comes to around 1,600 crores 1692.