Bank of Maharashtra shines on reporting 47% rise in Q1 consolidated net profit
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Bank of Maharashtra is currently trading at Rs. 68.81, up by 3.75 points or 5.76% from its previous closing of Rs. 65.06 on the BSE.
The scrip opened at Rs. 65.80 and has touched a high and low of Rs. 69.69 and Rs. 64.83 respectively. So far 4863662 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 73.50 on 03-Jun-2024 and a 52 week low of Rs. 29.86 on 14-Jul-2023.
Last one week high and low of the scrip stood at Rs. 69.69 and Rs. 63.04 respectively. The current market cap of the company is Rs. 49052.68 crore.
The promoters holding in the company stood at 86.46%, while Institutions and Non-Institutions held 5.72% and 7.81% respectively.
Bank of Maharashtra has reported 46.69% rise in its net profit at Rs 1,293.49 crore for the first quarter ended June 30, 2024 (Q1FY25) as compared to Rs 882.08 crore for the same quarter in the previous year. Total income of the bank increased by 24.94 % at Rs 6,768.57 crore for Q1FY25 as compared to Rs 5,417.45 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 46.59% rise in net profit at Rs 1,293.68 crore for Q1FY25 as compared to Rs 882.49 crore for the same quarter in the previous year. Total income of the bank increased by 24.93% at Rs 6,768.76 crore for Q1FY25 as compared to Rs 5,417.87 crore for the corresponding quarter previous year.
