Bank of Baroda Q3 Results: Net profit up 5.6% to ₹4,837 crore, NII rises nearly 3%

Bank of Baroda (BoB) on Thursday reported a 5.6% jump in its net profit to ₹4,837 crore for the December quarter (Q3 FY25), up from ₹4,579 crore reported in the previous fiscal. The state-owned bank’s total income increased to ₹34,676 crore from ₹31,416 crore in Q3 FY24.

The bank’s net interest income (NII) stood at ₹11,417 crore in the reporting quarter, up 2.8% year-on-year (YoY) from ₹11,101 crore in the year-ago quarter.

BoB shares ended 0.18% up at ₹223 apiece on the NSE on Thursday, January 30.

Key highlights

• Sequentially, the Mumbai-based bank’s net profit fell 7.6% from ₹5,238 crore and its NII dropped 1.76% from ₹11,622 crore in Q2 FY25.

• Its interest income also increased to ₹30,908 crore during the October-December quarter as compared to ₹28,605 crore posted last year. Moreover, its operating profit increased to ₹7,664 crore from ₹7,015 crore in the third quarter of the previous fiscal.

• The bank's gross non-performing assets ratio decreased marginally to 2.43% against 3.08% in Q3 FY24.

• Net NPAs of the bank fell to 0.59% from 0.7% at the end of the third quarter last fiscal.

• The bank’s overall provisions, excluding tax, increased to ₹1,082 crore in Q3 FY25 from ₹666 crore in the year-ago period.

• BoB’s Capital Adequacy Ratio declined to 14.72% in the reporting quarter from 15.96% reported in the last financial year.