Bank of Maharashtra Q4 results: Net profit up 45% at Rs 1,218 crore
Sequentially, the public sector lender’s profit rose by 17.6 per cent from Rs 1,036 crore in the quarter ended December (Q3) of financial year 2024
Sequentially, the public sector lender’s profit rose by 17.6 per cent from Rs 1,036 crore in the quarter ended December (Q3) of financial year 2024
Ebitda margin improved by 270 basis points (bps) to 25.4 per cent from 22.7 per cent last year
The numbers beat the market expectations which expected 6.1 percent growth in profit to Rs 382.1 crore
Revenue from operations for the same period increased 24.6 percent year-on-year to Rs 954.7 crore in Q3FY24
The net profit, at Rs 231.6 crore, is almost with the miss market estimates of Rs 415.1 crore crore
In the previous quarter, Q2FY24, the company had reported a loss of Rs 1,866 crore
Jewellery business reported total Income of Rs.8,575 crore, recording an increase of 19% YoY