Net profit for the period stood at ₹5,048 crore, a growth of 3.2% from the same quarter last year. The number was higher than the CNBC-TV18 poll of ₹4,801.7 crore.
It must be noted that the profitability for the lender was aided by a higher other income component. Other income increased by 24% on a year-on-year basis to ₹5,210 crore.
Net Interest Income or the bank’s core income declined by 6.6% from the year-ago quarter to ₹11,019 crore. A CNBC-TV18 poll had projected the figure at ₹11,678 crore.
Gross NPA during the quarter stood at 2.26% from 2.43% last quarter, while net NPA stood at 0.58% from 0.59% in the December quarter.
Total provisions during the March quarter stood at ₹1,552 crore, higher than the ₹1,082 crore during the December quarter.
Gross slippages at the end of the March quarter stood ₹3,159 crore from ₹2,915 crore during the December quarter. Write-offs also saw an increase in comparison to the December quarter to ₹1,662 crore from ₹1,167 crore.
Net Interest Margins at the end of financial year 2025 stood at 3.02% from 3.18% at the end of financial year 2024. For the March quarter, NIMs stood at 3.27% from 2.86% last year. The lender’s Net Interest Margin was the lowest in 14 quarters.
For the March quarter, Bank of Baroda’s advances had grown by 12.8% from the same quarter last year, while deposits had seen growth of 10.9%.
Out of the 37 analysts that have coverage on Bank of Baroda, 29 of them have a “buy” rating on the stock, six of them say “hold”, while two have a “sell” rating.
Shares of Bank of Baroda are trading 10% lower on Tuesday post the results, at ₹224.21. The fall has wiped out ₹10,000 crore in market capitalisation for the PSU bank.
