Bank of Maharashtra Rebounds 20 per cent from 52-Week Low on Back of Strong Q4 Numbers

Shares of Bank of Maharashtra surged as much as 20 per cent from their 52-week low on Tuesday after the public-sector lender posted a solid operational performance for the fourth quarter of FY25. According to a provisional update released on March 31, the bank’s total business rose to Rs 5,47,159 crore, up 15.33 per cent from Rs 4,74,411 crore in the same quarter last year.

The upbeat business update provided a much-needed boost to investor sentiment after a prolonged slide in the bank’s share price, which had been under pressure for the past five months.

Bank of Maharashtra’s stock climbed to an intraday high of 4.8 per cent, touching a high of Rs 45.75. The jump marked a sharp recovery from its 52-week low of Rs 38.11, recorded just a day earlier on April 7. While the stock remained around 38 per cent below its 52-week high of Rs 73.50 hit in June 2024, the rebound is notable after a prolonged decline.

Bank of Maharashtra share price was trading in the green, up 1.99 per cent at Rs 44.49 , at 12:15 pm on BSE, on April 8.

Over the past year, the stock has lost nearly 34 per cent of its value. It has declined steadily for five consecutive months, including drops of 9.5 per cent in February, 1.7 per cent in January, and 8.5 per cent in December. March ended with a marginal 0.15 per cent dip. So far in April, the stock is still down 3 per cent, despite Tuesday’s rally.

Deposits and Advances See Double-Digit Growth

The bank’s deposit base expanded 13.45 per cent year-on-year to Rs 3,07,152 crore, with Current Account and Savings Account (CASA) deposits, a key measure of low-cost funding, rising 14.64 per cent to Rs 1,63,669 crore. The CASA ratio also slightly increased to 53.29 per cent, from 52.73 per cent a year earlier and 49.28 per cent in the December 2024 quarter.

As for lending, gross advances were up 17.84 per cent to Rs 2,40,007 crore from Rs 2,03,664 crore at the end of March 2024. The credit-deposit ratio, however, decreased to 78.14 percent from 81.95 percent in Q3 FY25, it was still higher than 75.22 percent a year ago.