Bank of Maharashtra

Bank of Maharashtra delivered a strong Q1 FY27Current reported value: 27. No comparable prior figure is available in the source record. with net profit of ₹2,020 croreCurrent reported value: ₹2,020 crore. No comparable prior figure is available in the source record. (+27% YoYCurrent 27% YoY. Reported change: +27% YoY.), driven by robust loan growth of 27% YoY and stable asset quality. Advances grew across all segments (retail 25%, agri 30%, MSME 23%, corporate 30%), while gross NPA was maintained at 1.45%Current 1.45%. Reported change: 0bps QoQ. and net NPA at 0.13%Current reported value: 0.13%. No comparable prior figure is available in the source record.. NIM stood at 3.85%, above the guided 3.75%Current 75%. Reported change: +75% YoY., though down 10bps YoY. Management reiterated its 18% loan growth guidance for FY27 despite the strong start, citing a focus on profitable growth. Key risks include potential margin compression from rising deposit costs and the impact of the Maharashtra debt waiver scheme, which could result in a one-time haircut of ₹450-500 crore, though largely provisioned for.