Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
Bank of Maharashtra has released its final quarter year results, ending 31st March 2024. The net profit in terms of the quarter ending surged by 44.95%.
Based on the quarter ending, the Net Profit increased by 44.95 % to Rs 1,218 crore in Q4FY24 on a Y-o-Y basis as against Rs 840 crore for Q4FY23. The same is increased by 17.59 % on a Q-o-Q sequential basis.
Operating Profit has shown a growth of 19.10 % on a Y-o-Y basis to Rs 2,210 crore for Q4FY24 as against Rs 1,855 crore for Q4FY23. The same has improved by 9.82 % on a Q-o-Q basis
Net Interest Income (NII) grew by 18.17 % on a Y-o-Y basis to Rs 2,584 crore in Q4FY24 as against Rs 2,187 crore for Q4FY23. The same is increased by 4.81 % on a Q-o-Q sequential basis.
Read Also : NHPC Ltd Q4 results, 16.3 percent decline in net profitNet Revenues (Net Interest income plus other income) for Q4FY24 improved by 19.85 % from Rs 3,009 crore for Q4FY23 to Rs 3,606 crore for Q4FY24. The same is increased by 14.63 % on a Q-o-Q sequential basis.
Total Deposits increased by 15.66 % on a Y-o-Y basis to Rs 270,747 crore while Gross Advances grew by 16.30 % on a Y-o-Y basis to Rs 203,664 crore. Net Advances grew by 16.95 % on a Y-o-Y basis to Rs 200,240 crore.
Read Also : Ujjivan small finance bank Q4 results, highest ever PAT at Rs 1,281 crore recorded
The gross NPA of the bank has declined to 1.88 % as of 31.03.2024 against 2.47 % as of 31.03.2023. The same was 2.04 % as of 31.12.2023. Net NPA declined to 0.20 % as of 31.03.2024 against 0.25 % as of 31.03.2023. The same was 0.22 % as of 31.12.2023.
Read Also : Electric Cars vs. Hybrid Cars: 5 Major DifferencesNews Must Read
- Electric Cars vs. Hybrid Cars: 5 Major Differences
- CBI registers case against PNB official for illegally transferring approx. Rs. 4.98 cr
- Bandhan Bank Q4 results, Net profit declines 93% to Rs 54.63 crore
- Vikram Solar Wins a 397.7 MWp Module Supply order for NTPC Khavda Project
- BEML bags order worth Rs 250 crore from Northern Coalfields Ltd
- PhonePe collaborates with LankaPay to promote UPI payment acceptance in Sri Lanka
- HAL Q4 results, net profit up by 52.2 percent YoY
- GAIL India Q4 results, 22 percent fall in net profit
- MOIL Registers historical performance in FY'24
- PFC Q4 results, PAT jumps 20% YoY to Rs 5,624 cr