Bank of Maharashtra: Less than 10 PE

 

  • Bank of Maharashtra: Less than 10 PE
  • Profitability (Half Year Ended September 30th, 2024)
  • Net Profit increased by ₹ 818 crore to ₹ 2620 crore on Y-o-Y basis against ₹ 1,802 crore for the half year ended 30.09.2023.    
  • Return on Assets (ROA) improved to 1.73% for the half year ended 30.09.2024 as against 1.35% for the half year ended 30.09.2023.
  • Return on Equity (ROE) also improved to 25.68% for the half year ended 30.09.2024 against 23.31% for the half year ended 30.09.2023.  
  • Assets & Liabilities (As on September 30th, 2024)
  • Total Business grew by 16.90% on Y-o-Y basis to ₹ 493,793 crore.
  • Total Deposits increased by 15.46% on Y-o-Y basis to ₹ 276,289 crore.
  • Gross Advances grew by 18.78% on Y-o-Y basis to ₹ 217,504 crore.
  • RAM (Retail, Agri. & MSME) Business grew by 25.96% on Y-o-Y basis.
  • Retail advances, MSME advances, Agriculture advances has grown by 22.53%, 33.86%, & 24.96% respectively  
  • Asset quality: (As on September 30th, 2024) 
  • Gross NPA declined to 1.84% as on 30.09.2024 against 2.19% as on 30.09.2023. 
  • The same was 1.85 % as on 30.06.2024.
  • Net NPA declined to 0.20% as on 30.09.2024 against 0.23% as on 30.09.2023. 
  • The same was 0.20% as on 30.06.2024. 
  • Provision Coverage ratio stood at 98.31% as on 30.09.2024 as against 98.40% as on 30.09.2023. 
  • The same was 98.36 % as on 30.06.2024.   

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