Bank of Maharashtra Ltd’s profit jumped 150% YOY in Q3FY23

Bank of Maharashtra Ltd has reported consolidated financial results for the period ending December 31, 2022.

Financial Results (Q3 FY2023) – QoQ Comparison

FinancialsQ3 FY2023Q2 FY2023% Change
Total Income₹4770.11 crs₹4317.71 crsUp Tick / Down Tick10.48%
Net Profit₹776.81 crs₹534.74 crsUp Tick / Down Tick45.27%
EPS₹1.15₹0.79Up Tick / Down Tick45.57%

Financial Results (Q3 FY2023) – YoY Comparison

FinancialsQ3 FY2023Q3 FY2022% Change
Total Income₹4770.11 crs₹3893.52 crsUp Tick / Down Tick22.51%
Net Profit₹776.81 crs₹309.57 crsUp Tick / Down Tick150.93%
EPS₹1.15₹0.46Up Tick / Down Tick150.00%

Asset Quality:

Asset QualityQ3 FY2023Q2 FY2023Q3 FY2022
Gross NPA₹4612.12 crs₹5038.87 crs₹6104.65 crs
Gross NPA %2.94%3.40%4.73%
Net NPA₹715.01 crs₹986.49 crs₹1544.91 crs
Net NPA %0.47%0.68%1.24%
  • NIM at all-time high of 3.49%
  • NII QoQ growth at 21-qtr high, YoY growth at 24-qtr high
  • Cost-to-income ratio at 5-qtr low of 48.84%
  • Operating profit highest ever at ₹1,274 cr

Share Price

the-federal-bank-q3fy23

Bank of Maharashtra Ltd is currently 38.45% up this year.

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