Strong Profit Growth Outpaces Revenue, Lifting Margins at Bank of Maharashtra
Bank of Maharashtra's Q1 FY27 profit jumped 26.8% year-on-year, with net profit margin expanding by 250 basis points to 25.1%.
Bank of Maharashtra reported robust Q1 FY27 earnings, with profit growth far outpacing revenue. The bank's net profit margin improved significantly, continuing a multi-quarter trend of rising profitability.
Bank of Maharashtra delivered a strong start to fiscal 2027, with profit growth significantly outpacing revenue expansion. The bank's net profit margin widened, highlighting improved profitability and operating leverage in the June quarter.
The bank's revenue for Q1 FY27 rose 13.9% year-on-year to ₹8,034.65 crore. Profit after tax grew at a much faster clip of 26.8% to ₹2,020.54 crore. This divergence pushed the net profit margin up by 250 basis points to 25.1%, compared to 22.6% in the same quarter last year. Sequentially, revenue grew 3.6% from the March quarter, while profit was nearly flat, rising just 0.3%.
A look at the last five quarters shows a consistent upward trajectory in both top-line and bottom-line performance.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Period | Quarter ended June 2026 | Quarter ended March 2026 | Quarter ended June 2025 |
| Revenue (₹ Cr) | 8,034.65YoY +14% | 7,755.18 | 7,053.98 |
| Profit (₹ Cr) | 2,020.54YoY +27% | 2,014.46 | 1,593.09 |
| Net Profit Margin (%) | 25.1YoY +11% | 26.0 | 22.6 |
Key Points
- The trailing-twelve-month (TTM) net profit margin stands at a healthy 24.6%.
- The bank maintains a robust return on equity of 24.12%.
- Its stock has delivered strong returns, gaining 47.3% over the past year.
Despite the impressive earnings growth, the stock trades at a price-to-earnings (P/E) ratio of 6.7, a significant discount to the industry average of 11.8. The next quarter will indicate if the bank can sustain its high profitability levels while reigniting sequential profit growth.
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