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Bank of Maharashtra reports 95% rise in Q1 consolidated net profit

19 Jul 2023 Evaluate

Bank of Maharashtra has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The Bank has reported 95.19% rise in its net profit at Rs 882.08 crore for the quarter under review as compared to Rs 451.90 crore for the same quarter in the previous year. Total income of the bank increased by 43.53% at Rs 5417.45 crore for Q1FY24 as compared Rs 3774.32 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 95.15% rise in its net profit at Rs 882.49 crore for the quarter ended June 30, 2023 as compared to Rs 452.20 crore for the same quarter in the previous year. Total income of the bank increased by 43.53% at Rs 5417.87 crore for Q1FY24 as compared Rs 3774.66 crore for the corresponding quarter previous year.

Peers
Company Name CMP
State Bank Of India 959.00
PNB 112.00
Bank Of Baroda 232.35
Canara Bank 118.60
Union Bank Of India 168.10
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