Bank of Maharashtra Shares Continue Quarterly Earnings Momentum, Surge 15% in Two Trading Days

Bank of Maharashtra Shares Extend Rally After Q4 Results

Bank of Maharashtra shares continued their upward trajectory for a second consecutive session on Wednesday, April 22, with a gain of about 15% over two days. The state-owned lender reported a 35% year-on-year rise in net profit to ₹2,014 crore for the January–March quarter of FY26, driven by strong core income growth and a decline in bad loans.

The bank's overall income rose to ₹8,693 crore compared to ₹7,711 crore from the previous year, as stated in a regulatory submission. Interest income increased to ₹7,755 crore during the reviewed period, up from ₹6,731 crore in the same quarter last year. Net Interest Income (NII) saw a 19% rise to ₹3,702 crore, compared to ₹3,116 crore for the same quarter in the previous year.

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The increase in NII was driven by a 22% rise in loans, reaching ₹2.92 lakh crore in the fourth quarter that ended in March 2026. On the asset quality front, the gross Non-Performing Assets (GNPAs) fell to 1.45% of total advances by March 2026, a decrease from 1.74% at the close of March 2025. Net NPAs also reduced to 0.13% of advances, down from 0.18% at the end of 2025.

The Return on Assets (ROA) rose to 1.86% for the fiscal year ending March 2026, compared to 1.75% at the conclusion of the previous year. The Provision Coverage ratio increased to 98.59% as of March 31, 2026, up from 98.26% a year earlier. However, the bank's capital adequacy ratio decreased to 18.36%, slipping from 20.53% at the end of the last fiscal year.

HDFC Securities has raised its FY27E–FY28E estimates by around 4%, factoring in stronger business growth and improved asset quality, supported by the utilisation of provisioning buffers. The brokerage has reiterated its Buy rating, with a revised target price of ₹90, valuing the stock at 1.5x March 2028 ABVPS.

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Bank of Maharashtra share price today opened at ₹80.89 apiece on the BSE, the stock touched an intraday high of ₹81.90, and an intraday low of ₹80.36 per share. The stock has shown strong returns across various timeframes, with a one-week return of 14.5%, a two-week return of 17%, and a one-month return exceeding 25%.