Net profit up 106 per cent in June quarter, doubles to Rs 208 crore, NPAs improve

Bank of Maharashtra announced its April-June quarterly results for the financial year 2021-22 on Thursday, July 22, reporting a net profit of Rs 208 crore on a standalone basis. The Pune-based public sector lender’s net profit jumped 104 per cent – almost two times in the first quarter of the current fiscal as its profit stood at Rs 101.2 crore in the same quarter last year.

On a sequential basis, the state-run bank’s net profit grew 26 per cent from Rs 165 crore in the preceding January-March quarter of FY 2020-21.

On Thursday, Bank of Maharashtra shares closed 2.33 per cent lower at Rs 23.10 on the BSE.

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