Bank of Maharashtra Ltd (NSE: MAHABANK): Profits have grown from October to December in the fiscal year 2023-24 as compared to the quarter that ended in October to December 2022-23.
Interest income has also increased. In addition, there’s been a decrease in NPA or provisioning.
Bank of Maharashtra Q3 Results
Profit has grown by 34%, reaching 1035 crore. Profit has risen from 775 crore to 1035 crore.
The income comes from NII i.e. the interest rate has increased from 1,980 crore to 2,465 crore.
The Shares Of The Bank Of Maharashtra
The share price has risen by 13 percent over one week. The share has increased by 57 percent in just one year. The stock has risen 257 percent over three years.
Bank of Maharashtra Q3 Results
- Profit has risen by 34% to reach Rs 1,035 crores. (YoY)
- Profit has risen from Rs 775 crore to Rs 1,035 crore. (YoY)
- NII was increased by 1,980 crore to 2,465 crore. (YoY)
- Gross NPA decreased from 2.19 percent to 2.04 percent. (QoQ)
- Net NPA was reduced from 0.23 percent to 0.22 percent. (QoQ)
- Provisioning fell from 985 crores to 943 crores. (QoQ)
In the past, during this time, the NPA for the institution has decreased every quarter, i.e. the gross NPA has decreased from 2.19 percent to 2.04 percent during October and December, compared with that of the quarter between July and September.
The net NPA of the company has dropped by 0.23 percent to 0.22 percent. Provisioning has slowed down from 985 crore to 943 crore.
About Bank of Maharashtra
The Bank of Maharashtra Limited is engaged in the provision of banking services. The Treasury segment comprises investment, balances at banks outside India, and interest on investments.
The Corporate/Wholesale Segment includes advances to trusts and partnership firms as well as companies and statutory authorities.
The Retail Banking Segment comprises exposures to individuals or small businesses.
The maximum exposure aggregate to one counterpart does not exceed 0.2% of the Bank’s overall retail portfolio.
The company’s products and services include, for example, e-payment tax, credit cards, and doorstep banking.
Fundamental Analysis of Bank of Maharashtra Ltd
| Market Cap | ₹ 35,251 Cr. |
| Current Price | ₹ 49.85 |
| 52-wk High | ₹ 52.25 |
| 52-wk Low | ₹ 22.80 |
| Stock P/E | 9.99 |
| Book Value | ₹ 23.5 |
| Dividend | 2.61 % |
| ROCE | 4.44 % |
| ROE | 17.4 % |
| Face Value | ₹ 10.0 |
| P/B Value | 2.13 |
| OPM | 57.9 % |
| EPS | ₹ 5.26 |
| Debt | ₹ 2,44,830 Cr. |
| Debt to Equity | 15.5 |
Bank of Maharashtra Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 52 | ₹ 85 |
| 2025 | ₹ 95 | ₹ 110 |
| 2026 | ₹ 140 | ₹ 160 |
| 2027 | ₹ 175 | ₹ 222 |
| 2028 | ₹ 232 | ₹ 250 |
| 2029 | ₹ 300 | ₹ 340 |
| 2030 | ₹ 360 | ₹ 412 |
Bank of Maharashtra Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 90.97% |
| Mar 2023 | 90.97% |
| June 2023 | 86.46% |
| Sept 2023 | 86.46% |
| Dec 2023 | 86.46% |
| FII Holding | |
| Dec 2022 | 0.16% |
| Mar 2023 | 0.26% |
| June 2023 | 0.68% |
| Sept 2023 | 0.59% |
| Dec 2023 | 0.45% |
| DII Holding | |
| Dec 2022 | 3.39% |
| Mar 2023 | 3.33% |
| June 2023 | 6.43% |
| Sept 2023 | 5.17% |
| Dec 2023 | 4.71% |
| Public Holding | |
| Dec 2022 | 5.49% |
| Mar 2023 | 5.44% |
| June 2023 | 6.42% |
| Sept 2023 | 7.76% |
| Dec 2023 | 8.37% |
Bank of Maharashtra Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 10,850 Cr |
| 2020 | ₹ 11,496 Cr |
| 2021 | ₹ 11,869 Cr |
| 2022 | ₹ 13,019 Cr |
| 2023 | ₹ 19,524 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ -4,763 Cr |
| 2020 | ₹ 399 Cr |
| 2021 | ₹ 571 Cr |
| 2022 | ₹ 1,153 Cr |
| 2023 | ₹ 3,682 Cr |
Last 10 Years’ Profit Growth:
| 10 Years: | 13% |
| 5 Years: | 34% |
| 3 Years: | 88% |
| Current Year: | 74% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | -2% |
| 5 Years: | 0% |
| 3 Years: | 11% |
| Last Year: | 17% |
Sales Growth Over 10 Years:
| 10 Years: | 5% |
| 5 Years: | 7% |
| 3 Years: | 11% |
| Current Year: | 32% |
Conclusion
This article is a complete guide about Bank of Maharashtra Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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