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Bank of Maharashtra share price & results

Bank of Maharashtra· Financial Services

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Pune-headquartered public sector bank offering retail, agriculture, MSME and corporate banking across India.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue8,606 ₹ crore+20.7% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating marginUnavailable—Operating profit / revenueQuarter to Sept 2026Not in the filed figures for the quarter to sept 2026. No older figure is substituted.
Net profit2,310 ₹ crore+41.5% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity21.43 %−0.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow marginUnavailable—Fiscal yearFY ending Mar 2026Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)16.53 %−4.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

8 of 9 judged targets kept · 14 open · verdicts reflect calls analysed to Q1 FY27.

Bank of Maharashtra management guidance track record on Inve: 23 targets tracked across analysed earnings calls (8 achieved, 1 missed, 14 open).

TargetOriginal wordingSaidLatest callVerdict
GIFT IBU Book Size$1 billion book in the next 12 months
Call transcript, Q2 FY26 · 14 Oct 2025		Q2 FY26Q1 FY27:IBU book reached INR 8,200 crores (approx. $988M), effectively meeting the $1 billion target within the 12-month timeframe.
Call transcript, Q1 FY27 · 10 Jul 2026		Achieved
New Branches (Project 321)321 branches in the next 18 months
Call transcript, Q1 FY26 · 15 Jul 2025		Q1 FY26Q1 FY27:No specific update on 'Project 321'. Management discussed a broader plan of opening 200 branches annually.
Call transcript, Q1 FY27 · 10 Jul 2026		On Track
Deposit Growth14% to 15% for FY27
Call transcript, Q4 FY26 · 20 Apr 2026		Q4 FY26Q1 FY27:Actual deposit growth was 13% YoY, slightly below the full-year guidance range of 14% to 15%.
Call transcript, Q1 FY27 · 10 Jul 2026		At Risk

Source: Inve Guidance Tracker for Bank of Maharashtra · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of Bank of Maharashtra's 23 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 20 more targets are in the full ledger.

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Price

₹76.12 +1.06% · +₹0.8

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance +29.3% 1Y

₹60.0₹70.0₹80.0₹90.0Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q3 FY26 — 13 Jan 2026Q4 FY26 — 20 Apr 2026Q1 FY27 — 10 Jul 2026

1Y: ₹58.89 on 24 Oct 2025 → ₹76.12. High ₹93.85 (29 Jun 2026), low ₹56.22 (8 Dec 2025).

Previous close
₹75.32
Market cap
₹61.5k Cr
52-week range
₹56.22 – ₹93.85
One year
+29.26%
Price to earnings (TTM to Sept 2026)
7.69×
Return on equity (TTM to Sept 2026)
21.43%

Overview

Symbol
NSE:MAHABANK
Exchange
NSE
Currency
INR

What Bank of Maharashtra does

Based on the company's own presentations, annual report and earnings calls.

Bank of Maharashtra is a public sector bank headquartered in Pune that offers retail, agriculture, MSME and corporate lending, deposit-taking, treasury/investment operations and fee-based services such as cards, remittances and trade finance through a nationwide branch and ATM network. It earns mainly through interest income on advances and investments, supplemented by fee-based and treasury income. The bank sponsors Maharashtra Gramin Bank, a regional rural bank, and partners with fintechs and business correspondents/Bank Mitras to extend banking access, including digital lending journeys for retail, MSME, agriculture and self-help-group customers.

Segments

  • Retail Advances
  • Agriculture Advances
  • MSME Advances
  • Corporate & Other Advances
Branch network
2,785 branches (as of Mar'26)
ATM network
2,685 ATMs (as of Mar'26)
Business correspondents / Bank Mitras
9,000+ operating through 276 Customer Service Points
Geographic coverage
Branch and correspondent network spanning all Indian states and Union Territories
Sponsored regional rural bank
Maharashtra Gramin Bank (associate RRB)
Workforce composition
10,279 officers, 3,777 clerks, 1,540 sub-staff
Headquarters Pune, Maharashtra, IndiaEmployees 15,596 (2026-03-31) Company website

How the price took the results

close before → close after

Q1 FY27
+2.7%
10 Jul
Q4 FY26
+3.9%
20 Apr
Q3 FY26
+2.0%
13 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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