Bank of Maharashtra surges on reporting 72% rise in Q2 consolidated net profit
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Bank Of Maharashtra is currently trading at Rs. 47.21, up by 0.38 points or 0.81% from its previous closing of Rs. 46.83 on the BSE.
The scrip opened at Rs. 47.01 and has touched a high and low of Rs. 48.00 and Rs. 46.56 respectively. So far 4182833 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 51.90 on 04-Oct-2023 and a 52 week low of Rs. 17.85 on 14-Oct-2022.
Last one week high and low of the scrip stood at Rs. 48.00 and Rs. 45.02 respectively. The current market cap of the company is Rs. 33643.61 crore.
The promoters holding in the company stood at 86.46%, while Institutions and Non-Institutions held 5.77% and 7.76% respectively.
Bank of Maharashtra has reported 71.90% rise in its net profit at Rs 919.78 crore for the second quarter ended September 30, 2023 as compared to Rs 535.06 crore for the same quarter in the previous year. Total income of the Bank increased by 32.85% at Rs 5735.52 crore for Q2FY24 as compared Rs 4317.36 crore for the corresponding quarter previous year.
On consolidated basis, the Bank has reported 71.78% rise in its net profit at Rs 919.75 crore for the second quarter ended September 30, 2023 as compared to Rs 535.42 crore for the same quarter in the previous year. Total income of the Bank increased by 32.84% at Rs 5735.54 crore for Q2FY24 as compared Rs 4317.71 crore for the corresponding quarter previous year.
