Bank of Maharashtra reports strong financial results for Q1 FY 25, showing positive growth and profitability.

Bank of Maharashtra, one of the leading public banks in India, has recently announced its financial results for the quarter ending June 2024. The company has shown a very positive performance, with its score increasing from 27 to 26 in the last three months.

One of the key highlights of the financials is the bank’s low gross non-performing assets (NPA) ratio, which has fallen to 1.85% in the last five quarters. This indicates that the proportion of stressed loans given by the bank is decreasing, which is a positive sign for investors.

Another positive aspect is the bank’s net interest income, which has been consistently growing in the last five quarters and has reached its highest at Rs 2,799.10 crore. This shows that the bank’s core business is performing well and generating higher income.

The bank’s profit after tax (PAT) has also seen a significant growth, with the latest quarter recording the highest at Rs 1,293.49 crore. This is a 27.6% increase from the average PAT of the previous four quarters, indicating a positive trend in the company’s profitability.

Bank of Maharashtra has also generated a high operating cash flow of Rs 11,596.79 crore in the last three years, which shows that the company is able to generate cash from its business operations.

However, one area of concern is the company’s non-operating income, which is 66.52% of its profit before tax. This indicates that the bank’s income from non-business activities is high, which may not be a sustainable business model in the long run.

Overall, Bank of Maharashtra’s financial performance for the quarter ending June 2024 has been very positive, with various key indicators showing growth and improvement. This has led MarketsMOJO to give a ‘Buy’ call for the company’s stock. Investors can look forward to a promising future with Bank of Maharashtra, a leading player in the public banking industry.