Earnings Review
Lower provisions lift Bank of Baroda's Q3 PAT by 4% YoY
This story was originally published at 19:41 IST on 30 January 2026
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--Bank of Baroda Oct-Dec net profit INR 50.55 bln
--Analysts saw Bank of Baroda Oct-Dec net profit at INR 46.76 bln
--Bank of Baroda Oct-Dec total income INR 353.50 bln vs INR 346.76 bln yr ago
--Bank of Baroda Oct-Dec net profit INR 50.55 bln vs INR 48.37 bln year ago
--Bank of Baroda Oct-Dec provisions INR 7.99 bln vs INR 10.82 bln year ago
--Bank of Baroda gross NPA ratio 2.04% on Dec 31 vs 2.16% qtr ago
--Bank of Baroda net NPA ratio 0.57% on Dec 31, unchanged on quarter
--Bank of Baroda Basel III capital adequacy ratio 15.29% on Dec 31
--Bank of Baroda Apr-Dec net profit INR 144.05 bln vs INR 145.33 bln year ago
--Bank of Baroda: Hold floating provision of INR 10 bln on Dec 31
--Bank of Baroda provision coverage ratio 92.73% on Dec 31
--Bank of Baroda Q3 net interest income INR 118.00 bln vs INR 11
--Bank of Baroda Oct-Dec global NIM 2.79% vs 2.96% quarter ago 7.86 bln
--Bank of Baroda Q3 global cost of deposits 4.75% vs 4.91% qtr ago
--Bank of Baroda Q3 domestic cost of deposits 4.99% vs 5.07% qtr ago
--Bk of Baroda Q3 fresh slippages INR 26.76 bln vs INR 25.03 bln yr ago
--Bank of Baroda Apr-Dec total income INR 1.06 tln vs INR 1.02 tln yr ago
--Bank of Baroda Q3 recoveries INR 9.81 bln vs INR 10.16 bln year ago
--Bank of Baroda Q3 write-offs INR 14.23 bln vs INR 11.67 bln year ago
--Bank of Baroda Oct-Dec credit cost 0.17% vs 0.29% quarter ago
--Bank of Baroda Oct-Dec slippage ratio 0.86% vs 0.91% quarter ago
--Bank of Baroda approves raising up to INR 100 bln via long term bonds
--Bank of Baroda can raise up to INR 150 bln FY26 inclduing prior approval
By Shweta and Arundathi A R
MUMBAI – Bank of Baroda reported single-digit on-year growth in the bottom line for the December quarter due to lower provisions, beating the Street's estimate.
The state-owned lender's net profit was INR 50.55 billion for the December quarter, up over 4% on year and over 5% on a sequential basis. Brokerages had estimated the bottom line to fall to INR 46.74 billion.
The bank's provisions fell over 26% on year to INR 7.99 billion in the December quarter. Even though interest from others was up nearly 58% on year at INR 36 billion, the interest on income on investments was down 4.44% on year at INR 62.62 billion, which pulled down the total income. The interest from income on investments accounts for 20% of the interest earned by the bank, while others account for only 2.5%.
The Vadodara-headquartered bank's net interest income for the reporting quarter was INR 118 billion, marginally up from INR 117.86 billion in the year-ago quarter. The bank missed the Street's expectation of INR 121.55 billion on this front.
Bank of Baroda reported gross non-performing asset ratio at 2.04% as on Dec.31. This was marginally down from 2.16% posted in the trailing quarter. The lender's net non-performing asset ratio was 0.57% as on Dec. 31, unchanged from the September quarter. Its Basel III capital adequacy ratio for the December quarter was 15.29% as on Dec. 31.
For the nine-months ended December, the bank reported a net profit of INR 144.05 billion, slightly down on year. Its total income for the same period rose almost 4% on year to INR 1.06 trillion.
Bank of Baroda's global net interest margin for the December quarter was 2.79%, down 17 basis points from the September quarter. On the deposits side, the bank's December quarter global cost of deposits fell on quarter to 4.75%. Its domestic cost of deposits also fell on quarter to 4.99%.
The lender reported fresh slippages of INR 26.76 billion for Oct-Dec, up 7% on year. Its slippage ratio for the quarter stood at 0.86%, down from 0.91% from the September quarter. Its credit cost fell to 0.17% in the December quarter from the trailing quarter.
As on Dec. 31, the bank held a floating provision of INR 10 billion. Its provision coverage ratio stood at 92.73%. Bank of Baroda's recoveries for Oct-Dec were INR 9.81 billion. This was down over 3% from the corresponding quarter a year ago. It posted write-offs of INR 14.23 billion, up 22% on year.
Friday, shares of the bank closed 1% lower at INR 299.40 on the National Stock Exchange. End
Edited by Deepshikha Bhardwaj
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