Bank

Bank of Baroda Q3FY25: Net Profit stands at Rs 4,837 crore, reported growth of 5.6% YoY

by Psu Connect
Date: 30-01-25
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The Provision Coverage Ratio of the Bank stood at 93.51% including TWO and 76.03% excluding TWO in Q3FY25. The slippage ratio declined to 0.81% for 9MFY25 as against 1.06% for 9MFY24.

Public Sector lender, Bank of Baroda reported a standalone Net Profit of Rs 4,837 crore in Q3FY25 as against a profit of Rs 4,579 crore in Q3FY24. Net Profit for 9MFY25 stands at Rs 14,533 crore up by 12.6% YoY as against Rs 12,902 crore in 9MFY24.

The Bank’s Net Interest Income (NII) grew by 2.8% YoY to Rs 11,417 crore in Q3FY25. NII for 9MFY25 registered a growth of 5.2% and stands at Rs 34,639 crore. Cost of Deposits increased to 5.08% in Q3FY25 as against 4.96% in Q3FY24.

In terms of asset quality, the Gross NPA of the Bank reduced by 11.9% YoY to INR 28,471 crore in Q3FY25 and the Gross NPA Ratio improved to 2.43% in Q3FY25 from 3.08% in Q3FY24. The Net NPA Ratio of the Bank stands at a low of 0.59% in Q3FY25 as compared with 0.70% in Q3FY24.

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The Provision Coverage Ratio of the Bank stood at 93.51% including TWO and 76.03% excluding TWO in Q3FY25. The slippage ratio declined to 0.81% for 9MFY25 as against 1.06% for 9MFY24.

The slippage ratio for the quarter also remains contained at 0.90% for Q3FY25 as against 0.95% in Q3FY24. The Liquidity Coverage Ratio (LCR) consolidated stands at 130% (approx.).

The shares of the Bank are trading higher by 0.18% at Rs 223.0 with the current dividend yield at 3.4%.

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