Bank of Maharashtra shines on reporting 2-fold jump in Q1 consolidated net profit
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Bank of Maharashtra is currently trading at Rs. 16.90, up by 0.25 points or 1.50% from its previous closing of Rs. 16.65 on the BSE.
The scrip opened at Rs. 16.70 and has touched a high and low of Rs. 16.95 and Rs. 16.60 respectively. So far 523026 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 24.40 on 19-Jul-2021 and a 52 week low of Rs. 15.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 17.05 and Rs. 15.80 respectively. The current market cap of the company is Rs. 11340.89 crore.
The promoters holding in the company stood at 90.97%, while Institutions and Non-Institutions held 3.90% and 5.13% respectively.
Bank of Maharashtra has reported 2-fold jump in its net profit at Rs 451.90 crore for the quarter ended June 30, 2022 as compared to Rs 208.01 crore for the same quarter in the previous year. However, total income of the bank decreased marginally by 0.43% at Rs 3,774.32 crore for Q1FY23 as compared Rs 3,790.72 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported 2-fold jump in its net profit at Rs 452.20 crore for the quarter ended June 30, 2022 as compared to Rs 207.89 crore for the same quarter in the previous year. However, total income of the bank decreased marginally by 0.42% at Rs 3,774.66 crore for Q1FY23 as compared Rs 3,790.60 crore for the corresponding quarter previous year.
