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Q3 earnings for Bank of Maharashtra show a 36% increase in net profit to Rs 1,407 crore.

On January 15, the Bank of Maharashtra announced that its consolidated net profit for the third quarter of FY25 had increased 36% year over year to Rs 1,406.73 crore. The bank's overall revenue increased by 22% to Rs 7,112.66 crore on a yearly basis. On January 15, shares of Bank of Maharashtra closed 3% lower at Rs 51.14 per following the announcement. The last six months have seen a roughly 25.6% decline in the shares. The net non-performing assets (NPA) percentage of Bank of Maharashtra in Q3 was 0.2%, which was the same as it was in Q2. Nonetheless, this is less than the 0.22% net NPA that was recorded in the third quarter of the previous fiscal year (FY24). However, the gross non-performing asset (NPA) percentage decreased from 2.04% in Q3 FY 24 to 1.80% in Q3 FY 25. Watch the live Q3 results update. Notably, throughout the quarter, the government's shareholdings in the bank decreased. In Q3 of FY25, the Indian government owned 79.6% of the bank's shares, compared to 86.46% in Q3 of FY24.

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