Bank of Maharashtra has reported results for fourth quarter (Q4) and year ended March 31, 2023.
Bank of Maharashtra has reported 2- fold jump in its net profit at Rs 840.04 crore for the quarter under review as compared to Rs 355.23 crore for the same quarter in the previous year. Total income of the bank increased by 34.66% at Rs 5317.27 crore for Q4FY23 as compared to Rs 3948.55 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 2- fold jump in its net profit at Rs 839.93 crore for fourth quarter ended March 31, 2023 as compared to Rs 354.92 crore for the same quarter in the previous year. Total income of the bank increased by 34.66% at Rs 5317.06 crore for Q4FY23 as compared to Rs 3948.48 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the bank has reported 2- fold jump in its net profit at Rs 2602.03 crore as compared to Rs 1151.54 crore for the previous year. Total income of the bank increased by 16% at Rs 18178.73 crore for year under review as compared to Rs 15671.70 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the bank has reported 2- fold jump in its net profit at Rs 2602.79 crore as compared to Rs 1151.64 crore for the previous year. Total income of the bank increased by 16% at Rs 18179.53 crore for year under review as compared to Rs 15672.17 crore for year ended March 31, 2022.
