Bank of Maharashtra trades higher on reporting 34% rise in Q3 consolidated net profit
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Bank of Maharashtra is currently trading at Rs. 50.28, up by 0.28 points or 0.56% from its previous closing of Rs. 50.00 on the BSE.
The scrip opened at Rs. 49.95 and has touched a high and low of Rs. 51.60 and Rs. 48.75 respectively. So far 6490381 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 52.22 on 16-Jan-2024 and a 52 week low of Rs. 22.80 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 52.22 and Rs. 45.48 respectively. The current market cap of the company is Rs. 36461.99 crore.
The promoters holding in the company stood at 86.46%, while Institutions and Non-Institutions held 5.16% and 8.37% respectively.
Bank of Maharashtra has reported 33.61% rise in net profit at Rs 1,035.51 crore for third quarter ended December 31, 2023 as compared to Rs 775.03 crore for the same quarter in the previous year. Total income of the bank increased by 39.57% at Rs 5,851.34 crore for Q3FY24 as compared Rs 4,769.78 crore for corresponding quarter of the previous year.
On consolidated basis, the bank reported 33.59% rise in its net profit at Rs 1,035.69 crore for third quarter ended December 31, 2023 as compared to Rs 775.25 crore for the same quarter in the previous year. Total income of the bank increased by 22.67% at Rs 5,851.55 crore for Q3FY24 as compared Rs 4,770.11 crore for corresponding quarter of the previous year.
