Bank Of Baroda January-March Profit Rises 3.3% To ₹50.5 Billion

Bank of Baroda (BoB) on Tuesday reported a 3.3% year-on-year rise in standalone net profit for the March quarter of 2024-2025, with profit rising to ₹50.5 billion from ₹48.9 billion a year ago.

The state-run lender also declared a dividend of ₹8.35 per equity share for 2024-2025, setting June 6, 2025, as the record date for the payout.

Interest income rose 3.6% on year to ₹306.4 billion in the January - March, while interest expenses jumped 10% to ₹196.2 billion. This weighed on net interest income, which fell 6.6% to ₹110.2 billion from ₹117.9 billion a year earlier.

Operating profit inched up 0.3% to ₹81.3 billion, compared to ₹81.1 billion in the year-ago period. Despite the earnings announcement during market hours, shares of BoB slumped 8% to touch the day’s low of ₹229.76 on the NSE.  (Not required)

On asset quality, gross non-performing assets (GNPA) declined 66 basis points to 2.26% from 2.92% a year earlier. Net NPA (NNPA) improved to 0.58%, down from 0.68%.

Total deposits rose 10.3% to ₹14.7 trillion, up from ₹13.4 trillion in the same quarter last year. Domestic deposits grew 9.3% to ₹12.4 trillion, while international deposits increased 16% to ₹229.9 billion.

In the retail segment, home loans climbed 17.3% year-on-year to ₹1.31 trillion, and auto loans rose 20.3% to ₹465.5 billion.