BANK OF MAHARASHTRA - 532525 - Outcome Of Analyst Meet/ Earnings Conference Call Held On 16.10.2023
Outcome of Analyst Meet/ Earnings Conference call held on 16.10.202316-10-2023
16-10-2023
BANK OF MAHARASHTRA - 532525 - Disclosure Of Related Party Transactions Of The Bank For The Half Year Ended On 30.09.2023
Disclosure of Related Party Transactions of the Bank for the Half year ended on 30.09.202316-10-2023
Bank of Maharashtra Results Earnings Call for Q2FY24
Conference Call with Bank of Maharashtra Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.16-10-2023
Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Bank of Maharashtra
Bank of Maharashtra announced Q2FY24 & H1FY24 results: 1. Financial Results: - Total Business grew by 22.77% to Rs 4,22,420 crore. - Total Deposits increased by 22.18% to Rs 2,39,298 crore. - Gross Advances increased by 23.55% to Rs 1,83,121 crore. - Credit - Deposit (CD) Ratio improved to 76.52%. - Gross NPA declined to 2.19% as of September 30, 2023. - Net NPA reduced to 0.23% as of September 30, 2023. - Provision Coverage Ratio improved to 98.40%. - Net Profit increased by 71.90% to Rs 920 crore as on September 30, 2023 - Operating profit grew by 31.37% to Rs 1,920 crore. - Net Interest Income increased by 28.88% to Rs 2,432 crore. - Net Interest Margin (NIM) improved to 3.89% as of September 30, 2023. - Cost to Income Ratio improved to 38.04%. - Return on Assets (ROA) improved to 1.37% for Q2FY23. - Return on Equity (ROE) improved to 23.25%. - CRAR improved to 17.61% of which Tier I is 13.72%. 2. Profitability: - Net Profit increased by 71.90% to 920 crore in Q2FY23 on a YoY basis as against Rs 535 crore for Q2FY22. - Operating Profit has shown a growth of 31.37% on a YoY basis to Rs 1,920 crore for Q2FY23 as against 1,462 crore for Q2FY22. - Net Interest Income (NII) grew by 28.88% on a YoY basis to Rs 2,432 crore in Q2FY23 as against 1,887 crore for Q2FY22. - Net Revenues (Net Interest income plus other income) for Q2FY23 improved by 29.73% from 2,389 crore for Q2FY22 to 3,100 crore for Q2FY23. - Cost to Income Ratio improved to 38.04% for Q2FY23 as against 38.82% for Q2FY22. - Return on Assets (ROA) improved to 1.37% for Q2FY23 against 0.92% for Q2FY22. - Return on Equity (ROE) also improved to 23.25% for Q2FY23 against 18.32% for Q2FY22. 3. Assets & Liabilities: - Total Business grew by 22.77% on a YoY basis to Rs 4,22,420 crore. - Total Deposits increased by 22.18% on a YoY basis to Rs 2,39,298 crore. - Gross Advances grew by 23.55% on a YoY basis to Rs 1,83,122 crore. - RAM (Retail, Agri. & MSME) Business grew by 24.38% on a YoY basis. - Retail advances, MSME advances, Agriculture advances have grown by 20.37%, 25.80%, & 30.39% respectively. 4. Capital Adequacy: - Total Basel III Capital adequacy ratio improved to 17.61% with a Common Equity Tier 1 (CET1) ratio of 12.28%. - The Bank has raised Equity Capital of Rs 1,000 crore through QIP and Tier II capital of Rs 515 crore during the H1FY24. 5. Asset quality: - Gross NPA declined to 2.19% as of September 30, 2023 against 3.40% as of September 30, 2022. - Net NPA declined to 0.23% as of September 30, 2023, against 0.68% as of September 30, 2022. - Provision Coverage ratio improved to 98.40% as of September 30, 2023. Result PDF16-10-2023
BANK OF MAHARASHTRA - 532525 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press release on the financial results of the Bank for the Quarter and Half year ended on 30.09.202316-10-2023
BANK OF MAHARASHTRA - 532525 - Announcement under Regulation 30 (LODR)-Investor Presentation
Presentation on Financial Results of the Bank for the Quarter and Half year ended on 30.09.202316-10-2023
BANK OF MAHARASHTRA - 532525 - Compliances-Reg. 54 - Asset Cover details
Security Asset Cover Certificate for the Quarter and Half year ended on 30.09.202316-10-2023
BANK OF MAHARASHTRA - 532525 - Statement Of Deviation(S) Or Variation(S) As Per Regulation 32(1), 52(7) & 52(7A) Of SEBI (LODR) Regulations, 2015 For The Quarter Ended 30Th September, 2023
Statement of Deviation(s) or Variation(s) and statement of utlization of issue proceeds for the Quarter ending 30.09.202316-10-2023
BANK OF MAHARASHTRA - 532525 - Financial Results Of The Bank For The Quarter And Half Year Ended On 30.09.2023
Financial Results of the Bank for the Quarter and Half year ended on 30.09.202316-10-2023
BANK OF MAHARASHTRA - 532525 - Board Meeting Outcome for Outcome Of Board Meeting Of The Bank Held On 16Th October, 2023
We wish to inform that the Board of Directors of Bank at their meeting held on Monday, 16th October, 2023 at Pune interalia considered and approved the Unaudited Financial Results (Standalone and Consolidated) of the Bank for the Quarter and Half Year ended on 30th September, 202316-10-2023