- Bank of Maharashtra reported a net income of 13.3 billion rupees for the second quarter, marking a 45% increase year over year.
- The bank’s gross non-performing assets slightly decreased to 1.84% compared to 1.85% in the previous quarter.
- Provisions amounted to 8.22 billion rupees, showing a 13% decrease quarter over quarter.
- Operating profit improved to 22 billion rupees, with a 15% rise from the previous year.
- Interest income grew by 19% year over year to 60.2 billion rupees.
- Interest expense also increased, up 22% year over year, totalling 32.1 billion rupees.
- Other income stood at 7.92 billion rupees, a 19% year over year increase.
- There is one buy recommendation for the bank with no holds or sells indicated.
A look at Bank of Maharashtra Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 4.2 |
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. stands out with strong scores in Dividend, Growth, and Resilience, indicating a promising long-term outlook for the company. Its stellar performance in these key areas suggests stability and potential for expansion. With its robust dividend policy and focus on sustainable growth, investors may find Bank of Maharashtra an attractive prospect for steady returns. Additionally, the company’s ability to weather economic fluctuations and maintain resilience further reinforces its position as a reliable investment option in the banking sector.
Although Bank of Maharashtra lags in terms of Momentum, its overall Smart Scores paint a positive picture for the company’s future prospects. By emphasizing value, dividend payouts, growth potential, and resilience, Bank of Maharashtra demonstrates a strong foundation for sustained success in the competitive banking industry. Investors looking for a financially sound institution with a solid track record may find Bank of Maharashtra a promising choice for long-term investment.
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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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