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Earnings Call Transcript

Bank of Maharashtra Earnings Call Transcript: Key Takeaways

Bank of Maharashtra delivers a robust quarter with 25% business growth, record ROA of 2.02%, and best-in-class asset quality. Management successfully defended margins through strategic re-pricing and low-cost funding.

Guidance and delivery
Management target Revenue 18.0% FY27
Highlights
Revenue growthTotal business grew 25% YoY; Advances up 30% YoY.
MarginsNIM improved to 3.97%, supported by strategic asset re-pricing.
Demand visibilityStrong pipeline of ₹23,000 Cr in corporate and infrastructure sectors.
Management confidenceHighly confident, citing consistent guidance delivery and improving profitability metrics.

Growth

Credit grew 30% YoY, driven by RAM segments and Gift City IBU; Deposits increased 19% organically.

Outlook

Management maintains a 18% credit growth guidance for FY27 with continued branch expansion.

Risks

Potential NIM pressure if deposit costs catch up; monitoring El Niño impact on agricultural portfolio.

Last quarter's promises, checked

Delivered

  • Guided 18% advances growth → delivered 30% YoY (= BEAT)
  • Guided 16–17% total business growth → delivered 25% YoY (= BEAT)
  • Guided NIM floor 3.75% → delivered 3.97% (= BEAT)

Partly delivered

  • Guided 200 new branches/yr → delivered 77 functionalized in H1 FY27 (= PARTIAL)

Missed

  • Guided ₹5,000 Cr equity raise in FY27 → delivered 'no immediate equity raising planned' (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: MAHABANK. Summary written with AI assistance from the document.

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Bank of Maharashtra: key numbers

Share price
₹79.95
Market cap
₹61,494 Cr
Revenue (annual)
₹29,282 Cr
Net profit (annual)
₹7,017 Cr
P/E (TTM)
7.7×Sector 19.7×
Promoter holding
73.60%+0.00% QoQ
FII holding
6.50%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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