Bank of Maharashtra announced its audited financial results for the quarter and financial year ended 31st March, 2025, approved by the Board of Directors on 25th April, 2025.
- The Bank reported a net profit after tax of ₹1,493.08 crore for the quarter ended 31st March, 2025, compared to ₹1,217.67 crore for the same quarter last year.
- For the full financial year 2024-25, the net profit after tax stood at ₹5,519.79 crore, a significant increase from ₹4,055.03 crore in the previous financial year.
- The Board recommended a dividend of 15%, which is ₹1.50 per equity share of face value ₹10 each, for the year ended 31st March, 2025. This recommendation is subject to shareholder approval at the upcoming Annual General Meeting.
- Key financial ratios as on 31st March, 2025 (Standalone):
- Gross Non-Performing Assets (NPA) ratio improved to 1.74% from 1.88% as on 31st March, 2024.
- Net NPA ratio improved to 0.18% from 0.20% as on 31st March, 2024.
- Capital Adequacy Ratio (Basel III) stood at 20.53%, up from 17.38% as on 31st March, 2024.
- Return on Assets (annualized) for FY25 was 1.75%, compared to 1.50% for FY24.
- The Bank continues to hold a COVID-19 related contingency provision of ₹1,200 crore as on 31st March, 2025.