• Bank of Maharashtra reported a Net income of 12.2 billion rupees in the 4th quarter, reflecting an increase by 45% year on year (y/y)
• The bank’s Gross non-performing assets, a measure of asset quality, improved to 1.88% from 2.04% quarter on quarter (q/q)
• Provisions (funds set aside for potential future losses) came in at 9.42 billion rupees, a slight decrease of 0.1% compared to previous quarter
• Operating profit increased by 19% y/y to 22.1 billion rupees
• Interest income, the profit made from the bank’s lending activities, rose by 22% y/y to 54.7 billion rupees
• Interest expense (the cost of borrowing) increased by 25% y/y to 28.8 billion rupees
• Other income, which includes non-interest revenue sources, grew by 24% y/y reaching 10.2 billion rupees
• The bank paid a Dividend per share of 1.40 rupees this quarter
• The shares of Bank of Maharashtra climbed as much as 2.7% to 67.00 rupees on 26.1 million shares traded
• The investment outlook for the bank appears to be positive with 1 buy rating, and no holds or sell ratings.
• The financial comparisons noted are based on values reported by the company in their original disclosures
A look at Bank of Maharashtra Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Bank of Maharashtra Ltd., a prominent banking institution in India, has garnered impressive Smart Scores showcasing its robust long-term outlook. With a solid Value score of 4, the company demonstrates strong fundamentals and attractive pricing metrics. Furthermore, excelling in Dividend, Growth, Resilience, and Momentum with scores of 5 each, Bank of Maharashtra positions itself as a top contender in the sector.
Offering a wide array of banking services across India, including retail, commercial, investment management, and treasury services, Bank of Maharashtra has a well-diversified business model. Additionally, its collaboration in sponsoring regional rural banks underscores its commitment to bolstering financial inclusion and growth across various regions. With stellar Smart Scores across key factors, Bank of Maharashtra appears poised for sustained success and value creation in the foreseeable future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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