Mumbai: Bank of Maharashtra (BOM) has recorded a net profit of Rs 1,593 crore with a 23 percent increase in the first quarter (April-June) of the current financial year 2025. The bank gave this information on Tuesday. The main reason for this increase in profit was the decrease in stuck loans (NPAs) and improvement in interest income.
According to the information given to the stock market, the bank’s net profit in the same quarter of the last financial year was Rs 1,293 crore. The total income of the bank increased from Rs 6,769 crore to Rs 7,879 crore in the quarter under review. At the same time, interest from interest increased from Rs 5,875 crore to Rs 7,054 crore.
Improvement in asset quality
In the report released by Bank of Maharashtra, Bank of Maharashtra stated that the bank’s asset quality was also seen to be improved. By the end of the June 2025 quarter, the bank’s gross non-performing assets (NPAs) declined to 1.74 percent of the total loan, which was 1.85 percent in the same period last year.
Raunak returned to the stock market
The stock market came to a halt over the ongoing decline for the last four days on Tuesday and the BSE Sensex rose 317 points. At the same time, NSE Nifty gained 113 points. With the buying of vehicles and drug shares, the market and drug shares gained increase in the market with the retail inflation rate.
The BSE Sensex based on thirty stocks closed at 82,570.91 points with a gain of 317.45 points, or 0.39 percent. At one time it climbed to 490.16 points during trading. The fifty -shared National Stock Exchange’s Nifty closed at 25,195.80 points with a gain of 113.50 points, or 0.45 percent. Earlier, in the last four trading sessions, the Sensex was 1,459.05 points i.e. 1.74 percent and the Nifty 440 points, or 1.72 percent.
These shares jump
The companies included in the Sensex were prominently profitable among Sun Pharma, Trent, Tata Motors, Bajaj Finserv, Mahindra and Mahindra and Bajaj Finance. On the other hand, IT service company HCL Tech shares lost 3.31 percent. The reason for this is a decline of 9.7 percent in the company’s integrated net profit in the June quarter. Apart from this, shares of the Internal (East Jomato), Tata Steel, Kotak Mahindra Bank and Axis Bank also came down.
(With agency input)
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