Abstract Galactic black hole (BH) candidate MAXI J1348–630 was recently discovered by MAXI and Swift/BAT satellites during its first outburst in 2019 January, which continued for ∼4 months. We study the spectral and timing properties of the source in detail. The combined 1–150 keV Swift/XRT, Swift/BAT, and MAXI/GSC spectra are investigated with the two-component advective flow (TCAF) solution. Physical flow parameters of TCAF, such as the Keplerian disk accretion rate, the sub-Keplerian halo accretion rate, the shock location, and the shock compression ratio, are estimated from our spectral fits. Based on the variation of flux in soft and hard X-ray ranges, the hardness ratio, TCAF model fitted accretion rates, and the accretion rate ratio, we show how the source evolved through four spectral states, viz., hard, hard-intermediate, soft-intermediate, and soft, in rising and declining states. Low-frequency quasi-periodic oscillations are observed in two observations during the rising phase of the outburst. From the spectral analysis, we estimate the mass of the BH to be M ⊙. We also find that the viscous timescale in this outburst is ∼3.5 days. The distance of the source is also estimated as 5–10 kpc from state transition luminosity.
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