Bank of Maharashtra climbed to a fresh 52-week high in morning trade today, with the stock rising 4.85% to Rs.79.33 on the BSE. The counter opened at Rs.77.18 versus the previous close of Rs.75.66 and touched an intraday high of Rs.80.40 (new 52-week high) and a low of Rs.76.96, with VWAP at around Rs.78.76; the 52-week low stands at Rs.47.14.

The rally is being driven by a strong Q4FY26 print and a clean asset-quality trajectory, which is currently being rewarded across PSU lenders. Bank of Maharashtra reported Q4FY26 net profit of Rs.2,014 crore, up 35% YoY, supported by an 19% rise in net interest income to Rs.3,702 crore, while operating metrics also improved with cost-to-income at 36.51% in the quarter (down from 38.50% a year ago) and ROA at 1.97% (vs 1.78% in Q4FY25).

Asset quality continued to tighten, with gross NPA improving to 1.45% as of March 31, 2026 (vs 1.74% a year ago and 1.60% in the prior quarter) and net NPA easing to 0.13% (vs 0.18% YoY and 0.15% QoQ).

Provision coverage remained high at 98.59%, and the balance-sheet growth remained healthy with total business at about Rs.6.42 lakh crore (+17.47% YoY), deposits at about Rs.3.51 lakh crore (+14.14% YoY) and gross advances at about Rs.2.92 lakh crore (+21.74% YoY), implying a higher credit-deposit intensity (CD ratio at 83.28%) even as the bank maintains a comfortable capital buffer (Basel III CRAR 18.36%, CET1 14.59%).

In parallel, the board has proposed a final dividend of Rs.1.20 per share (12% on face value of Rs.10), adding to the near-term support.