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Bank of Maharashtra reports 34% rise in Q3 consolidated net profit

16 Jan 2024 Evaluate

Bank of Maharashtra has reported results for third quarter ended December 31, 2023 (Q3FY24). 

The bank has reported 33.61% rise in net profit at Rs 1,035.51 crore for the quarter ended December 31, 2023 as compared to Rs 775.03 crore for the same quarter in the previous year. Total income of the bank increased by 39.57% at Rs 5,851.34 crore for Q3FY24 as compared Rs 4,769.78 crore for corresponding quarter of the previous year.

On consolidated basis, the bank reported 33.59% rise in its net profit at Rs 1,035.69 crore for Q3FY24 as compared to Rs 775.25 crore for the same quarter in the previous year. Total income of the bank increased by 22.67% at Rs 5,851.55 crore for Q3FY24 as compared Rs 4,770.11 crore for corresponding quarter of the previous year.

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