Bank of Maharashtra trades higher on reporting over 2-fold jump in Q4 consolidated net profit
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Bank of Maharashtra is currently trading at Rs. 18.30, up by 0.15 points or 0.83% from its previous closing of Rs. 18.15 on the BSE.
The scrip opened at Rs. 18.60 and has touched a high and low of Rs. 18.60 and Rs. 18.15 respectively. So far 548913 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 31.95 on 07-Jun-2021 and a 52 week low of Rs. 15.85 on 28-Mar-2022.
Last one week high and low of the scrip stood at Rs. 18.80 and Rs. 17.75 respectively. The current market cap of the company is Rs. 12249.50 crore.
The promoters holding in the company stood at 90.97%, while Institutions and Non-Institutions held 3.87% and 5.17% respectively.
Bank of Maharashtra has reported over 2-fold jump in its net profit at Rs 355.23 crore for fourth quarter and year ended March 31, 2022 as compared to Rs 165.08 crore for the same quarter in the previous year. However, total income of the bank decreased by 8.91% at Rs 3948.55 crore for Q4FY22 as compared to Rs 4334.62 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported over 2-fold jump in its net profit at Rs 354.92 crore for fourth quarter and year ended March 31, 2022 as compared to Rs 165.23 crore for the same quarter in the previous year. However, total income of the bank decreased by 8.92% at Rs 3948.48 crore for Q4FY22 as compared to Rs 4334.98 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the bank has reported over 2-fold jump in its net profit at Rs 1,151.54 crore as compared to Rs 550.25 crore for the previous year. Total income of the bank increased by 8.11% at Rs 15671.70 crore for year under review as compared to Rs 14496.21 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the bank has reported over 2-fold jump in its net profit at Rs 1,151.64 crore as compared to Rs 551.41 crore for the previous year. Total income of the bank increased by 8.10% at Rs 15672.17 crore for year under review as compared to Rs 14497.56 crore for year ended March 31, 2021.
