Bank of Maharashtra
(BOM:532525)
₹
58.42
0.43 (0.74%)
Market Cap: 413.69 Bil
Enterprise Value: 199.56 Bil
PE Ratio: 9.35
PB Ratio: 2.11
GF Score: 74/100 
Q4 2024 Bank of Maharashtra Ltd Earnings Call Transcript
Apr 26, 2024 / NTS GMT
Release Date Price:
₹67.62
(+3.65%)
Key Points
Positve
- Bank of Maharashtra (BOM:532525) reported a significant growth in total business by 15.94%, closing March at INR4.74 lakh crores.
- The bank's gross NPA has declined sharply to 1.88%, and net NPA has reduced to 0.2%, indicating improved asset quality.
- Net profit has grown by 56% YoY, reaching INR4,055 crores, showcasing strong profitability.
- The bank has maintained a robust balance sheet with a capital adequacy ratio (CRAR) of 17.38%, positioning it well for sustainable expansion.
- Bank of Maharashtra has implemented several digital initiatives, including a CRM platform and AI-based video assistant, enhancing customer experience and operational efficiency.
Negative
- Despite the strong financial performance, the bank faces potential headwinds from global geopolitical tensions and oil crises, which could impact future growth.
- The bank's operating expenses have increased, partly due to wage revisions, which could pressure profitability if not managed effectively.
- There is a significant amount of written-off accounts, totaling INR19,555 crores, which may impact future recoveries and financial stability.
- The bank's guidance for NIM (Net Interest Margin) is conservative at 3.7% to 3.9%, reflecting caution amid potential interest rate reversals.
- The bank's reliance on CASA (Current Account Savings Account) deposits, while a strength, also poses a challenge in maintaining and growing this ratio in a competitive market.
Vijay Srivastava
Bank of Maharashtra Ltd - Chief Financial Officer, General Manager
Good evening to all. So we welcome all of you for this investor and analyst meet and we have heartly welcome all of you for this meet. Let me introduce the management team. Our talking with team here. Our MD, CEO, (inaudible) Our [ED] Rohit (inaudible) and shortly that our Ashish Pandey is going to join.
I'm CFO, with Bank of Maharashtra. Together with me our GM's are there.
Aerathu Rajeev
Bank of Maharashtra Ltd - Chief Executive Officer, Managing Director, Executive Director
I think one by one let them all introduce.
I'm (technical difficulty)
Arun Kabade
Bank of Maharashtra Ltd - General Manager
Yeah, good afternoon. Myself Arun Kabade, General Manager and [CIO].
Dinkar Sankpal;Suryakant Sawant
Bank of Maharashtra Ltd - General Manager;Bank of Maharashtra Ltd -
Yeah, good evening. Dinkar Sankpal, General Manager, Credit Monitoring.
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