Bank of Maharashtra (MAHABANK) Q4 24/25 earnings summary

Executive summary

• Net profit for FY25 rose 36.12% year-over-year to ₹5,51,979 lakh, with Q4 net profit up 22.62% year-over-year; NIM at 4% for the year.

• Operating profit grew 16.41% for FY25 and 14% in Q4; ROA improved to 1.75%.

• Total business increased 15.3% year-over-year to ₹5.47 lakh crore; deposits up 13.44%, advances up 17.76%.

• Board recommended a 15% dividend (₹1.50 per share), pending AGM approval.

• Return on equity for FY25 at 23.08%.

Financial highlights

• Total income for FY25 was ₹28,40,162 lakh, up 21% year-over-year; net interest income up 18.77%.

• Non-interest income for FY25 increased 15% year-over-year.

• Cost-to-income ratio for FY25 was 37.55%, reduced by 22 bps year-over-year.

• CASA ratio at 53.28% in Q4.

• Yield on advances improved to 9.3%.

Outlook and guidance

• FY26 guidance: advances growth at 17%, deposits at 14%, CASA above 50%.

• NIM guidance set at 3.75% for next year, with review if aggressive rate cuts occur.

• ROA target to be maintained at 1.75%, GNPA below 2%, credit cost below 1%.

• Cost-to-income ratio to be kept below 40%.

• Real GDP growth for 2025-26 projected at 6.5%; CPI inflation expected to average 4%.