Bank of Maharashtra releases Consolidated Quarterly Results for March 31, 2023. Bank of Maharashtra has announced an increase in total income from Rs. 4770.11 Crores as of December 31, 2022, to Rs. 5317.06 Crores as of March 31, 2023. The net profit for the company has decreased from Rs. 776.81 Crores as of December 31, 2022, to Rs. 840.51 Crores as of March 31, 2023. However, the earnings per share (EPS) have improved, increasing from Rs. 1.15 on December 31, 2022, to Rs. 1.25 on March 31, 2023, according to the company’s statement.
Bank of Maharashtra Quarterly Results (Q4 FY2023) – Quarter-over-Quarter Comparison:
Total income of the company is Rs. 5317.06 Crores (March 31, 2023) vs. Rs. 4770.11 Crores (December 31, 2022)
Net profit/loss: Rs. 840.51 Crores (March 31, 2023) vs. Rs. 776.81 Crores (December 31, 2022)
EPS: Rs. 1.25 (March 31, 2023) vs. Rs. 1.15 (December 31, 2022)
| Financials | Q4 FY2023 | Q3 FY2023 | % Change |
| Total Income | ₹ 5317.06 Cr | ₹ 4770.11 Cr | ⬆ 11.47% |
| Net Profit | ₹ 840.51 Cr | ₹ 776.81 Cr | ⬆ 8.20% |
| EPS | ₹ 1.25 | ₹ 1.15 | ⬆ 8.70% |
Bank of Maharashtra Quarterly Results (Q4 FY2023) – Year-over-Year Comparison:
Total income of the company is Rs. 5317.06 Crores (March 31, 2023) vs. Rs. 3948.48 Crores (March 31, 2022)
Net profit/loss: Rs. 840.51 Crores (March 31, 2023) vs. Rs. 355.78 Crores (March 31, 2022)
EPS: Rs. 1.25 (March 31, 2023) vs. Rs. 0.53 (March 31, 2022)
| Financials | Q3 FY2023 | Q3 FY2022 | % Change |
| Total Income | ₹ 5317.06 Cr | ₹ 3948.48 Cr | ⬆ 34.66% |
| Net Profit | ₹ 840.51 Cr | ₹ 355.78 Cr | ⬆ 136.24% |
| EPS | ₹ 1.25 | ₹ 0.53 | ⬆ 135.85% |
Bank of Maharashtra Quarterly Results (Year Ended FY2023) – Year-over-Year Comparison:
Total income of the company is Rs. 18179.53 Crores (March 31, 2023) vs. Rs. 15672.17 Crores (March 31, 2022)
Net profit/loss: Rs. Crores 2605 (March 31, 2023) vs. Rs. 1153.43 Crores (March 31, 2022)
EPS: Rs. 3.87 (March 31, 2023) vs. Rs. 1.73 (March 31, 2022)
| Financials | 12 Months Ended FY2023 | 12 Months Ended FY2022 | % Change |
| Total Income | ₹ 18179.53 Cr | ₹ 15672.17 Cr | ⬆ 16.00% |
| Net Profit | ₹ 2605 Cr | ₹ 1153.43 Cr | ⬆ 125.85% |
| EPS | ₹ 3.87 | ₹ 1.73 | ⬆ 123.70% |
| Asset Quality | Q4 FY2023 | Q3 FY2023 | Q4 FY2022 |
| Gross NPA | ₹ 4334 Cr | ₹ 4612.12 Cr | ₹ 5327.21 Cr |
| Gross NPA % | 2.47% | 2.94% | 3.94% |
| Net NPA | ₹435.18 Cr | ₹715.01 Cr | ₹1276.57 Cr |
| Net NPA % | 0.25% | 0.47% | 0.97% |
The gross NPA of Bank of Maharashtra was ₹ 4334 Crorse in Q4 FY2023, down from ₹ 5327.21 Crorse in Q3 FY2022 and ₹ 4612.12 Crorse in Q3 FY2023.
Net NPA was ₹ 435.18 Crorse in Q4 FY2022, a decrease from ₹ 1276.57 Crorse in Q3 FY2022 and ₹ 715.01 Crorse in Q3 FY2023.
As of March 31, 2023, GNPA was 2.47% of Gross advances, compared to 3.94% on March 31, 2022, and 2.94% on December 31, 2022.
As of March 31, 2023, Net NPA was 0.25% of Gross advances, a decrease from 0.97% on March 31, 2022, and 0.47% on December 31, 2022.
| Ratios | Q4 FY2023 | Q3 FY2023 | Q4 FY2022 |
| RoA % | 1.32% | 1.31% | 0.65% |
| CAR (BASEL III) % | 18.14% | 17.53% | 0.65% |
Q4 FY2023 Return on Average Assets (RoA) was 1.32%, up from 1.31% in Q3 FY2023 and 0.65% in Q3 FY2022.
In Q4 FY2023, the Bank’s Capital Adequacy Ratio (CAR) was 18.14%, down from 17.53% in Q3 FY2023 and 16.48% in Q4 FY2022.
Bank of Maharashtra Share Dividend Announcement / Record Date:
The Board of Directors has declared a Final Dividend of ₹1.30 per Equity Share of Face Value of ₹10 for each of the Company (13% of Face Value). Total Dividend for FY23 stood at ₹0.50 per Equity Share (Interim Dividend of ₹10 per Equity Share)
| Dividend | Record Date |
| ₹1.30 per Equity Share | Coming Soon |
The dividend’s record date has not yet come
About Bank of Maharashtra:
Bank of Maharashtra headquartered in Mumbai, is an Indian financial services provider offering various commercial, transactional, and electronic banking products and services. It was launched in April 1994 by the former Union Finance Minister, Manmohan Singh.
Download Full PDF Q4 Results Bank of Maharashtra:
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