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Bank of Maharashtra Shares Soar on Strong Q4!
22 Apr
Summary
- Bank of Maharashtra stock surged over 6% following strong Q4 FY26 results.
- Net profit rose 35% year-on-year to ₹2,014 crore in Q4 FY26.
- The bank announced a final dividend of ₹1.20 per equity share.
Bank of Maharashtra's stock experienced a notable surge of over 6% on Tuesday, reaching ₹80.40 per share on the BSE. This rally followed the public sector bank's announcement of strong financial results for the fourth quarter of FY26.
The state-run lender reported a net profit of ₹2,014 crore for Q4 FY26, demonstrating a substantial 35% year-on-year growth. Its net interest income (NII) also saw an impressive increase, rising by 18.81% to ₹3,702 crore compared to the same period last year.
Asset quality within the bank showed improvement during the March quarter, with reductions in both gross and net non-performing assets (NPAs). The bank also declared a final dividend of ₹1.20 per equity share for the 2025-26 fiscal year.
Analysts at HDFC Securities highlighted the bank's superior deposit franchise and strong margin profile. They reiterated a 'Buy' call and raised the price target to ₹90 per share, despite anticipating potential stress in agri and MSME portfolios.
