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

18 Jul 2022 Evaluate

Bank of Maharashtra has reported results for first quarter ended June 30, 2022.

The bank has reported 2-fold jump in its net profit at Rs 451.90 crore for the quarter under review as compared to Rs 208.01 crore for the same quarter in the previous year. However, total income of the bank decreased marginally by 0.43% at Rs 3,774.32 crore for Q1FY23 as compared Rs 3,790.72 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported 2-fold jump in its net profit at Rs 452.20 crore for the quarter under review as compared to Rs 207.89 crore for the same quarter in the previous year. However, total income of the bank decreased marginally by 0.42% at Rs 3,774.66 crore for Q1FY23 as compared Rs 3,790.60 crore for the corresponding quarter previous year.

Peers
Company Name CMP
State Bank Of India 952.00
PNB 111.05
Bank Of Baroda 231.50
Canara Bank 117.20
Union Bank Of India 166.00
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