Bank of Maharashtra Share Price Target: As India Inc kicked off the fourth-quarter earnings, sectors including pharma, infrastructure and media pressed
for major regulatory updates, strategic developments and corporate actions, setting the stage for market momentum and drawing investor attention in the ongoing earnings cycle. It is believed that some stocks will maintain their positions driven by fundamentals and structural tailwinds, while others may hit roadblocks. Meanwhile, state-owned Bank of Maharashtra has received a bullish outlook from HDFC Securities after strong Q4 results. Pune-based Bank of Maharashtra was registered on September 16, 1935. The public sector bank has its presence across the country with more than 2,700 branches, 2,500+ ATMs, 3,000+ business correspondents and three digital business units till date, as per its LinkedIn profile. At 9:38 AM today, shares of Bank of Maharashtra were trading at Rs 78.60, up 3.89 per cent from the previous close.
HDFC Securities’ Target Price On Bank of Maharashtra
HDFC Securities has maintained a ‘buy’ rating on the Bank of Maharashtra, with a target price of Rs 90.
Key takeaways from the coverage:
- Strong earnings, driven by ~22% YoY loan growth.
- CASA ratio improved to ~52.5%.
- Monitor risks in agri and MSME portfolios.
- Deposit growth ~14% YoY, lagging advances.
Bank of Maharashtra Q4 Results
Bank of Maharashtra on Monday reported a 35 per cent rise in net profit to Rs 2,014 crore in the January-March quarter of 2025-26.
The Pune-headquartered bank had earned a net profit of Rs 1,493 crore in the year-ago period.
During the quarter, the bank’s total income increased to Rs 8,693 crore against Rs 7,711 crore a year ago, the bank said in a regulatory filing.
Interest income grew to Rs 7,755 crore during the period under review, from Rs 6,731 crore in the corresponding quarter a year ago.
On the asset quality side, gross Non-Performing Assets (GNPAs) declined to 1.45 per cent of gross advances as of March 2026 from 1.74 per cent by the end of March 2025.
Net NPAs also came down to 0.13 per cent of the advances from 0.18 per cent at the end of 2025.
Return on Assets (ROA) improved to 1.86 per cent for the year ended March 2026 against 1.75 per cent at the end of the previous fiscal.
However, the capital adequacy ratio of the bank declined to 18.36 per cent as against 20.53 per cent at the end of the previous fiscal.
(With agency inputs)
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
