Q3 2026 Bank of Maharashtra Ltd Earnings Call Transcript
Key Points
- Bank of Maharashtra (BOM:532525) reported a significant increase in total business, achieving a 17.24% growth year-on-year, surpassing their guidance of 15%.
- The bank maintained a healthy CASA ratio above 50%, which is a testament to its strong deposit base.
- Retail loans showed impressive growth, with home loans increasing by 28%, vehicle loans by 54%, and gold loans by 56% year-on-year.
- The bank achieved its highest ever quarterly profit of INR 1,779 crore, contributing to a nine-month net profit of INR 5,005 crore.
- The bank's asset quality improved, with gross NPA reducing from 1.72% to 1.60% and net NPA improving from 0.18% to 0.15%.
- The bank's deposit growth lagged behind credit growth, with a nine-month growth of only 4.73%, raising concerns about meeting the annual target.
- The credit-deposit (CD) ratio increased to 85%, which could indicate potential liquidity management challenges.
- Treasury income faced pressure, with a reported loss of INR 180 crore compared to a profit of INR 99 crore in the previous quarter.
- Slippages increased to INR 750 crore, slightly higher than the previous range of INR 650 crore to INR 700 crore.
- There was a sharp sequential increase in other expenses, partly due to new branch openings and IT CapEx, impacting cost efficiency.
Ladies and gentlemen, good day, and welcome to the earnings conference call for Q3 FY25, '26 results of Bank of Maharashtra. (Operator Instructions) Please note that this call is being recorded. I now hand the conference over to Ms. Margaret Mishra. Thank you, and over to you, Margaret.
Good evening, everyone. We have the following members of management with us today: Mr. Nidhu Saxena, Managing Director and CEO; Mr. Rohit Rishi; and Mr. Prabhat Kiran, Executive Director; along with Chief General Managers and General Managers of the Bank.
I will now hand over the call to the management, Mr. Nidhu Saxena, Managing Director and CEO, to walk us through the quarter. Thank you all, and over to you, sir.
Thank you, and thank you all for joining this con call. We have finalized our results today, and I would say, this has been yet another
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