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Bank of Maharashtra reports 2-fold jump in Q1 consolidated net profit

22 Jul 2021 Evaluate

Bank of Maharashtra has reported results for first quarter ended June 30, 2021.

The bank has reported 2-fold jump in its net profit of Rs 208.01 crore for the quarter under review as against net profit of Rs 101.02 crore for the same quarter in the previous year. Total income of the bank increased 16.23% at Rs 3794.53 crore for Q1FY22 as compared Rs 3264.81 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported 2-fold jump in its net profit after minority interest of Rs 213.79 crore for the quarter under review as against net profit of Rs 105.07 crore for the same quarter in the previous year. Total income of the bank increased by 16.21% at Rs 3794.41 crore for Q1FY22 as compared Rs 3265.11 crore for the corresponding quarter previous year.

Peers
Company Name CMP
State Bank Of India 948.55
PNB 113.30
Bank Of Baroda 233.75
Canara Bank 118.40
Union Bank Of India 172.00
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