Bank of Maharashtra Q1 results show profit rise, but slippages increase
after close1 source ↓written by the desknot a recommendation
- in net profit
- 26.8% increase
- for Q1
- ₹2,020 crore
- in net interest
- 14.5% rise
- interest income
- ₹3,770 crore
- slippages rose
- ₹888 crore
Bank of Maharashtra reported a 26.8% increase in net profit to ₹2,020 crore for Q1, driven by a 14.5% rise in net interest income to ₹3,770 crore. However, fresh slippages rose to ₹888 crore, up from ₹727 crore a year ago, impacting market sentiment. The NIM narrowed to 3.79% from 3.91% in the previous quarter, raising concerns about asset quality.
Not investment advice. For informational purposes only.