BANK OF MAHARASHTRA Q2 CONCALL : NET PROFIT UP 41% YOY, ADVANCES UP 30% & MANAGEMENT EXPECTS CREDIT GROWTH ABOVE 18% GUIDANCE

• MANAGEMENT EXPECTS DOMESTIC CREDIT GROWTH TO EXCEED ITS EXISTING 18% GUIDANCE, SUPPORTED BY STRONG RETAIL, MSME, AGRICULTURE & CORPORATE LOAN DEMAND • CORPORATE LOAN PIPELINE STANDS AT ₹23,000 CR, WITH MANAGEMENT EXPECTING APPROXIMATELY ₹10,000 CR DISBURSEMENTS BY MARCH 2027 • MANAGEMENT TARGETS APPROXIMATELY 200 NEW BRANCHES ANNUALLY, WITH 77 BRANCHES ALREADY OPERATIONAL DURING H1 FY27 • Q2 NET PROFIT UP 41% YOY, WHILE OPERATING PROFIT INCREASED 31% & TOTAL BUSINESS GREW 25% TO ABOVE ₹7 LAKH CR • TOTAL ADVANCES UP 30% YOY, WHILE DOMESTIC CREDIT EXCLUDING GIFT CITY IBU GREW 23%; RETAIL, AGRICULTURE & MSME SEGMENTS EACH RECORDED OVER 20% GROWTH • LARGE CORPORATE CREDIT GREW 38% YOY, WITH APPROXIMATELY ₹18,000 CR INCREMENTAL LENDING EACH FROM GIFT CITY IBU & DOMESTIC CORPORATE BUSINESS • DEPOSITS UP 22% YOY, CASA UP 12%, WHILE DEPOSIT GROWTH EXCLUDING FCNR-B STOOD AT APPROXIMATELY 19% • NET INTEREST MARGIN IMPROVED 12 BPS YOY TO 3.97%, SUPPORTED BY BETTER LOAN PRICING & LOWER FUNDING COSTS, ALTHOUGH ONE-OFF RECOVERIES & TAX REFUNDS PROVIDED SOME BENEFIT • RETURN ON ASSETS IMPROVED 20 BPS YOY TO 2.02%, WHILE RETURN ON EQUITY INCREASED 440 BPS TO 26.98% • GROSS NPA DECLINED 47 BPS YOY TO 1.25%, NET NPA IMPROVED TO 0.12% & PROVISION COVERAGE RATIO REACHED 98.53% • MANAGEMENT EXPECTS ₹1,300–1,500 CR ANNUAL RECOVERIES FROM WRITTEN-OFF LOANS OVER THE NEXT 4–5 YEARS, SUPPORTED BY AN APPROXIMATELY ₹21,500 CR WRITTEN-OFF LOAN POOL • BANK ESTIMATES ₹2,500 CR ADDITIONAL PROVISIONING REQUIREMENT FOR ECL TRANSITION OVER FOUR YEARS, WITH ₹750 CR ALREADY PROVIDED • AGRICULTURAL GOLD LOAN BOOK INCREASED TO APPROXIMATELY ₹18,600 CR FROM ₹6,500 CR YOY; MANAGEMENT HAS NOT OBSERVED SIGNIFICANT DROUGHT-RELATED STRESS SO FAR • CAPITAL POSITION REMAINS STRONG WITH CET1 AT 15.61%, CAPITAL ADEQUACY AT 18.51%, LIQUIDITY COVERAGE RATIO AT 123% & NET STABLE FUNDING RATIO AT 127% • MANAGEMENT REMAINS CONFIDENT ABOUT LOAN GROWTH & ASSET QUALITY; GIFT CITY-LED CREDIT EXPANSION, NON-RECURRING NIM BENEFITS, AGRICULTURAL DROUGHT RISK & SEQUENTIAL INCREASE IN SMA ACCOUNTS REMAIN KEY WATCHPOINTS

BANK OF MAHARASHTRA

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