A snapshot on the Profitability of Bank of Maharashtra Q4 FY 2022

Bank of Maharashtra is an Indian nationalised bank. It is has it’s headquarter located in Pune. The bank was incorporated on 16^th September 1935. This is a very techno savvy and customer centric bank. It is serving a diverse section of people and enhancing towards global presence.

Financial Snapshots

Rs in Crore	Q4 FY`21	Q4 FY`22	Y-o-Y (%)
Total Income	4,335	3,949	-9
Total Expenses	2,793	2,770	-1
Operating Profit	1,541	1,179	-24
Profit Before Taxes	200	814	307
Net Profit	165	355	115

The Total Business increased by 19.84 % to ₹ 337,534 crore. The Total deposit for  FY22 is 16.26 % to ₹ 202,294 crore. The Gross Advances for the quarter improved by 25.62 % to ₹ 135,240 crore. The Net Profit shows an improvement of 115.19 % to ₹ 355 crore. For FY 22 the bank has increased Net Interest Income by 16.56 % to ₹ 1,612 crore.  In respect to quarter Net Profit has increased by 115% to ₹ 355 crore. The bank has achieved Operating Profit  of₹ 1,179 crore for Q4FY22. Net Revenues for Q4FY22 stood at ₹ 2,134 crore.

Analysis on Business Mix in Last 5 Quarters

Rs in Crore	Q4 FY21	Q1 FY22	Q2 FY22	Q3 FY 22	Q4 FY 22
Gross Advances	1,07,654	1,10,592	1,15,236	1,29,006	1,35,240
Total Deposit	1,74,006	1,74,378	1,81,572	1,86,614	2,02,294
Total Business	2,81,659	2,84,970	2,96,808	3,15,620	3,37,534

Analysis on Business Mix in Last 5 Years

Rs in Crore	FY 18	FY 19	FY 20	FY 21	FY 22
Gross Advances	94,645	93,467	94,889	1,07,645	1,35,240
Total Deposit	1,38,981	1,40,650	1,50,066	1,74,006	2,02,294
Total Business	2,33,626	2,34,117	2,44,955	2,81,659	3,37,534

The Total Deposits show an improvement of 16.26 % on Y-o-Y basis to ₹ 202,294 crore in Q4FY22. Gross Advances is up by 25.62 % on Y-o-Y basis to ₹ 135,240 crore. Net Advances improved by 28.09 % on Y-o-Y basis to ₹ 131,170 crore.

Digital Innovation

The bank has focused on the following products which include digital home and car loan. It also emphasizes its customer in WhatsApp banking, use chatbots and online loan applications.

Business Improvements

The bank has reduced the Gross NPA to 3.94 % as on 31.03.2022 in comparison to 7.23% as on 31.03.2021. The Net NPA has reduced to 0.97 % as on 31.03.2022 against 2.48% as on 31.03.2021. It has raised the capital (in the form of equity & bonds) of Rs. 1693.70 crore to support the growth. Return on Assets (ROA)  has improved to 0.55 % for the  year. Return on Equity (ROE) also improved to 11.08 % for year ended 31.03.2022.