The lender reported a total income of Rs 7,879.18 crore for the April-June quarter, a 16% jump from Rs 6,768.76 crore in the corresponding quarter of last fiscal.
The growth in Q1 net profit came despite a lower other income year-on-year. The bank reported other income of Rs 825.2 crore for the period under review, marking a 7.7% drop from Rs 894.08 crore posted in Q1 of the last fiscal.
Interest earned by the bank rose to Rs 7,054 crore in Q1, up from Rs 5,875 crore in the year-ago period. Meanwhile, the lender’s capital adequacy ratio improved to 20.06% from 17.04% in the corresponding quarter of FY25.
Also read | JP Power shares slip 5%, halting 3-day rally that added 22%
Asset quality for the quarter remained stable on a sequential basis, with gross NPA unchanged at 1.74% and net NPA also holding steady at 0.18% compared to the March quarter.Bank of Maharashtra shares rose after the earnings announcement, trading 1.8% higher at Rs 57.08.
