Any current/future new fundraising through debt or equity?

The Bank of Maharashtra plans to explore options for raising further capital during the year as part of its future growth strategy. The bank has already raised INR 3,500 crore in capital recently and is actively deploying these funds to generate interest income. Discussions indicate the bank is considering capital raising to maintain healthy capital adequacy and support sustainable growth. A suggestion was made regarding equity buyback or Offer For Sale (OFS) instead of Qualified Institutional Placement (QIP), but the bank noted that decisions on OFS are typically not made individually by bank

Any current/future capex/capital investment/strategic investment?

The Bank of Maharashtra plans to open around 1,000 new branches over the next 5 years, continuing its aggressive branch expansion strategy. There is a focus on growth centers and cluster openings to create critical mass and profitable branch networks. A complete revamp of the mobile banking application is underway, with a new vendor onboarded; the improved app with 400+ services will launch within the current financial year. Capital raising plans are in place, with a recent INR 3,500 crore capital raise already being deployed to support credit growth. The Bank is mindful of regulatory nudges a

Future growth expectations in sales/revenue/volumes?

The Bank of Maharashtra has a strong growth momentum with total business crossing INR 5.07 lakh crore, growing 17% Y-O-Y, advances growing 21%, and deposits growing 14%. Retail segments like housing loans are growing robustly at 29% Y-O-Y, and car loans have shown a 44% growth. The corporate book is growing steadily with a 17% Y-O-Y increase, with focused growth in infrastructure, renewable energy, healthcare, pharma, and PLI-related sectors. The Bank plans to open 1,000 new branches over 5 years, continuing aggressive expansion to capture growth centers. Technology upgrades including a new mo

Future growth expectations in earnings/operating earnings/profits/EPS?

The Bank of Maharashtra anticipates sustainable growth driven by contributions from both new and existing branches, with a focus on quality loan book growth despite stricter underwriting norms. Corporate credit growth is improving, with a current year-on-year 17% increase in corporate book, especially in sectors like renewable energy, infrastructure, healthcare, and pharma. Retail loans, especially housing loans, are expected to maintain high growth (~29% YoY), supported by competitive pricing and simplified processes. The bank is strategically deploying raised capital (INR 3,500 crore)

Bank of MaharashtraQ4 FY25Banks

Bank of Maharashtra Q4 FY25 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹80.3P/E: 8.1Market Cap: ₹60.9K CrSector: Banks

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

Yes

Order

N/A

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 3

→The Bank of Maharashtra has a strong growth momentum with total business crossing INR 5.07 lakh crore, growing 17% Y-O-Y, advances growing 21%, and deposits growing 14%.
→Retail segments like housing loans are growing robustly at 29% Y-O-Y, and car loans have shown a 44% growth.
→The corporate book is growing steadily with a 17% Y-O-Y increase, with focused growth in infrastructure, renewable energy, healthcare, pharma, and PLI-related sectors.
→The Bank plans to open 1,000 new branches over 5 years, continuing aggressive expansion to capture growth centers.
→Technology upgrades including a new mobile banking app with a significant service increase aim to boost customer acquisition and retention.
→Capital deployment is active, with credit growth rising to 17% Y-O-Y recently, suggesting continued upward revenue trends.
→Sustainable, inclusive growth is emphasized with strict underwriting to maintain asset quality and improve profitability.

Margin guidance

Category 3

→The Bank of Maharashtra anticipates sustainable growth driven by contributions from both new and existing branches, with a focus on quality loan book growth despite stricter underwriting norms.
→Corporate credit growth is improving, with a current year-on-year 17% increase in corporate book, especially in sectors like renewable energy, infrastructure, healthcare, and pharma.
→Retail loans, especially housing loans, are expected to maintain high growth (~29% YoY), supported by competitive pricing and simplified processes.
→The bank is strategically deploying raised capital (INR 3,500 crore) to support credit growth, evidenced by a rise from single-digit to 17% YoY credit growth this quarter.
→Recovery from bad loans and NCLT cases is expected to continue positively, supporting profitability; OTS schemes are recovering 60-80% of ledger balances.
→Operating efficiency is expected to improve with branch expansion and cost-to-income maintained below 40%.
→The bank expects consistent profitability with focus on maintaining ROE, dividend levels, and NIM stability despite interest rate changes.

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Fundraise plans

Yes

→The Bank of Maharashtra plans to explore options for raising further capital during the year as part of its future growth strategy.
→The bank has already raised INR 3,500 crore in capital recently and is actively deploying these funds to generate interest income.
→Discussions indicate the bank is considering capital raising to maintain healthy capital adequacy and support sustainable growth.
→A suggestion was made regarding equity buyback or Offer For Sale (OFS) instead of Qualified Institutional Placement (QIP), but the bank noted that decisions on OFS are typically not made individually by banks.
→No specific details or timelines were disclosed about future debt fundraising.
→The bank emphasizes prioritizing deployment of raised capital to support credit growth rather than immediate new fundraising.

Order book

The transcript of Bank of Maharashtra’s Q3 and nine months FY2025 earnings call does not explicitly mention the current or expected order book or pending orders. However, relevant points concerning business growth and opportunities include: - The Bank is actively growing its credit book, with a notable 17% Y-o-Y credit growth in the latest quarter. - Focus is on sustainable and inclusive growth across all branches. - Corporate book growth is around 17% Y-o-Y, supported by sectors like Infrastructure, Green Renewable Energy, Healthcare, Pharma. - The Bank is exploring opportunities in co-lending, having signed 6 partnerships and negotiating 5 more, with an outlay of around INR 3,300 crore. - Continuous efforts on recovery from NCLT and other bad loans, totaling around INR 8,500 crore under resolution, can impact future order flows. - The Bank has aggressive branch expansion plans, opening 200-220 branches per year, which supports business growth. No specific numeric figures on order book or pending orders were provided.

Capex plans

Yes

→The Bank of Maharashtra plans to open around 1,000 new branches over the next 5 years, continuing its aggressive branch expansion strategy.
→There is a focus on growth centers and cluster openings to create critical mass and profitable branch networks.
→A complete revamp of the mobile banking application is underway, with a new vendor onboarded; the improved app with 400+ services will launch within the current financial year.
→Capital raising plans are in place, with a recent INR 3,500 crore capital raise already being deployed to support credit growth.
→The Bank is mindful of regulatory nudges and aims to maintain healthy capital adequacy with potential further capital raises.
→Investments are also targeted at strengthening technology infrastructure, risk management, corporate governance, and cybersecurity.
→The Bank is actively recruiting around 195 officers recently, with more hires planned for technology and risk management roles.

How does Bank of Maharashtra rank vs peers in Banks?

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