*Bank of Maharashtra -S* | *CMP* Rs. 10 | *M Cap* Rs. 6085 Cr | *52 W H/L* 17/8
(Nirmal Bang Retail Research)
*Result is ok. Profit is on account of tax write-back*
Net Interest Income came at Rs. 1022.5 Cr vs YoY Rs. 999.9 Cr, QoQ Rs. 1186.1 Cr
Non Interest Income came at Rs. 392 Cr vs YoY Rs. 385.6 Cr, QoQ Rs. 442.3 Cr
PBP came at Rs. 595.1 Cr vs YoY Rs. 501.2 Cr, QoQ Rs. 841.8 Cr
Provisions came at Rs. 910.1 Cr vs YoY Rs. 414.8 Cr, QoQ Rs. 917.4 Cr
_*Bank has made a provision of Rs. 150 Cr towards impact of Covid-19*_
Adj. PAT came at Rs. 57.6 Cr vs YoY Rs. 72.4 Cr, QoQ Rs. 135.3 Cr
Gross NPA came at Rs. 12152.5 Cr vs QoQ Rs. 15745.5 Cr at 12.81% vs QoQ 16.77%
Net NPA came at Rs. 4145.4 Cr vs QoQ Rs. 4506.9 Cr at 4.77% vs QoQ 5.46%
Quarter EPS is Rs. 0.1
Share is trading at 0.9x trailing P/Adj. BV
Slippages came at Rs. 960 Cr vs QoQ Rs. 1399 Cr with slippage ratio of 4.42% vs QoQ 6.77%
*SMA2* stood at Rs. 702 Cr (0.74% of advances) vs QoQ Rs. 1886 Cr (2.01% of advances), YoY Rs. 1131 Cr (1.21% of advances)
