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

• MANAGEMENT REMAINS CONFIDENT OF EXCEEDING ITS 18% DOMESTIC CREDIT GROWTH GUIDANCE, SUPPORTED BY STRONG RETAIL, AGRICULTURE, MSME & CORPORATE LENDING • MANAGEMENT HAS A ₹23,000 CR CORPORATE LOAN PIPELINE, WITH APPROXIMATELY ₹10,000 CR DISBURSEMENTS EXPECTED BY MARCH 2027 • MANAGEMENT TARGETS APPROXIMATELY 200 NEW BRANCHES ANNUALLY, WITH 77 BRANCHES ALREADY OPERATIONALIZED DURING H1 FY27 • Q2 NET PROFIT UP 41% YOY, WHILE OPERATING PROFIT INCREASED 31% YOY • TOTAL BUSINESS GREW 25% YOY TO ABOVE ₹7 LAKH CR, SUPPORTED BY STRONG CREDIT & DEPOSIT EXPANSION • TOTAL ADVANCES UP 30% YOY, WHILE DOMESTIC CREDIT EXCLUDING GIFT CITY INTERNATIONAL BANKING UNIT GREW 23% • LARGE CORPORATE CREDIT INCREASED APPROXIMATELY ₹36,000 CR YOY, INCLUDING ₹18,000 CR EACH FROM GIFT CITY & DOMESTIC CORPORATE LENDING • TOTAL DEPOSITS UP 22% YOY, WHILE CASA DEPOSITS GREW 12%; DEPOSIT GROWTH EXCLUDING FCNR-B STOOD AT APPROXIMATELY 19% • NET INTEREST MARGIN IMPROVED 12 BPS YOY TO 3.97%, ALTHOUGH RECOVERY-RELATED INCOME & TAX REFUND BENEFITS PROVIDED SOME NON-RECURRING SUPPORT • RETURN ON ASSETS IMPROVED 20 BPS YOY TO 2.02%, WHILE RETURN ON EQUITY INCREASED 440 BPS TO 26.98% • ASSET QUALITY IMPROVED, WITH GROSS NPA DOWN 47 BPS YOY TO 1.25% & NET NPA DOWN 6 BPS TO JUST 0.12% • MANAGEMENT TARGETS ₹1,300–1,500 CR ANNUAL RECOVERIES FROM WRITTEN-OFF ACCOUNTS OVER THE NEXT 4–5 YEARS, SUPPORTED BY A ₹21,500 CR RECOVERY POOL • BANK HAS CREATED ₹750 CR OF ADVANCE ECL PROVISIONS AGAINST AN ESTIMATED ₹2,500 CR REQUIREMENT SPREAD OVER FOUR YEARS • CAPITAL ADEQUACY REMAINS HEALTHY, WITH CET1 AT 15.61%, CRAR AT 18.51% & PROVISION COVERAGE RATIO AT 98.53% • MANAGEMENT REMAINS POSITIVE ON GROWTH & ASSET QUALITY, BUT GIFT CITY-LED CREDIT EXPANSION, ONE-OFF RECOVERIES, AGRICULTURAL DROUGHT RISKS & NIM SUSTAINABILITY REQUIRE MONITORING

BANK OF MAHARASHTRA

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