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Informist, Friday, May 8, 2026

 

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--Bank of Baroda Jan-Mar net profit INR 56.16 bln
--Analysts saw Bank of Baroda Jan-Mar net profit at INR 48.02 bln
--Bank of Baroda Jan-Mar net profit INR 56.16 bln vs INR 50.48 bln year ago
--Bank of Baroda Jan-Mar total income INR 366.09 bln vs INR 358.52 bln yr ago
--Bank of Baroda to pay INR 8.50 per share dividend
--Bank of Baroda final dividend record date Jun 5
--Bank of Baroda FY26 net profit INR 200.21 bln vs INR 195.81 bln year ago
--Bank of Baroda FY26 total income INR 1.43 tln vs INR 1.38 tln yr ago
--Bank of Baroda Jan-Mar provisions INR 31.50 bln vs INR 15.52 bln year ago
--Bank of Baroda gross NPA ratio 1.89% on Mar 31 vs 2.04% qtr ago
--Bank of Baroda net NPA ratio 0.45% on Mar 31 vs 0.57% qtr ago
--Bank of Baroda Basel III capital adequacy ratio 15.82% on Mar 31
--Bank of Baroda: Hold floating provision of INR 25 bln on Mar 31
--Bank of Baroda provision coverage ratio 93.94% on Mar 31
--Bank of Baroda Jan-Mar net interest income INR 124.94 bln, up 8.7% on yr
--Bank of Baroda Jan-Mar domestic NIM 3.08%
--Bank of Baroda global advances INR 14.30 tln on Mar 31, up 16.2% YoY
--Bank of Baroda global deposits INR 16.48 tln on Mar 31, up 12% YoY
--Bank of Baroda to raise up to INR 60 bln via tier-1, tier-2 bonds
--Bank of Baroda Q4 domestic cost of deposits 5.00% vs 4.99% qtr ago
--Bank of Baroda Q4 global cost of deposits 4.78% vs 4.75% qtr ago
--Bank of Baroda Jan-Mar cost-to-income ratio 44.90% vs 52.10% qtr ago
--Bk of Baroda domestic CASA ratio at 38.90% Mar 31, up 45 bps on qtr
--Bk of Baroda domestic CASA ratio at 38.90% Mar 31 vs 39.97% year ago
--Bank of Baroda: Retail loans INR 3.03 tln on Mar 31, up 17.9% on yr 
--Bank of Baroda: MSME loans INR 1.60 tln on Mar 31, up 15.6% on yr
--Bank of Baroda: Corporate loans INR 4.57 tln on Mar 31, up 11.2% on yr
--Bk of Baroda Q4 fresh slippages INR 29.44 bln vs INR 28.73 bln yr ago
--Bank of Baroda Q4 recoveries, upgrades INR 22.33 bln vs INR 19.43 bln
--Bank of Baroda Q4 write-off INR 15.12 bln vs INR 18.40 bln yr ago
--Bank of Baroda Jan-Mar credit cost 0.76% vs 0.17% quarter ago
--Bank of Baroda Jan-Mar slippage ratio 0.89% vs 0.86% quarter ago

 

By Shweta

 

NEW DELHI – Bank of Baroda's net profit for the March quarter surpassed the Street's estimates, thanks to robust growth in net interest income and lower tax expenses. A twofold on-year rise in provisions, however, ate into the bank's bottom line for the quarter. 

 

The state-owned lender's net profit for the March quarter was INR 56.16 billion, up over 11% on year and on quarter. Analysts had estimated the bank's bottom line at INR 48.02 billion. This was the steepest on-year growth in the bank's bottom line in six quarters.

 

Provisions rose over 103% on year and nearly fourfold sequentially to INR 31.51 billion in the March quarter. The bank had a floating provision of INR 25 billion as on Mar. 31. Its provision coverage ratio was 93.94% as on Mar. 31.

 

The bank will pay final dividend of INR 8.50 per share for 2025-26 (Apr-Mar) with a record date of Jun. 5. On Friday, shares of the bank ended at INR 263.90 on the National Stock Exchange, down 2.4% from the previous close. The bank detailed its March quarter earnings after market hours.

 

Its total income grew over 2% on year and nearly 4% sequentially to INR 366.09 billion in the March quarter. Interest earned rose almost 5% on year and nearly 3% on quarter to INR 326.42 billion. However, other income was down over 16% on year and over 10% sequentially at INR 39.67 billion.

 

The Vadodara-based bank's net interest income rose nearly 9% on year to INR 124.94 billion in the March quarter. Its operating profit grew over 11% on year to INR 90.69 billion.

 

The net interest margin was 2.89% as on Mar. 31, up from 2.79% a quarter ago but lower than 2.98% a year ago. The domestic net interest margin improved to 3.08% as of March-end from 2.93% at the end of December. 

 

Total expenses for Jan-Mar were INR 275.39 billion, down nearly 1% on year and nearly 2% sequentially. The bank's total expenses fell on year for the first time in 16 quarters, according to data available with Informist. Its operating expenses declined around 8% on year and on quarter to INR 73.91 billion in the March quarter. Tax expenses stood at INR 3.03 billion for the March quarter, down over 80% on year and on quarter.

 

The bank's asset quality improved at the end of March, with the gross non-performing asset ratio at 1.89% and net non-performing asset ratio at 0.45%. The bank's gross non-performing asset ratio was 2.04% and the net non-performing asset ratio was 0.57% at the end of December. Its capital adequacy ratio – BASEL III was 15.82% as on Mar. 31, slightly higher than 15.29% at December-end but lower than 17.19% a year ago.

 

The slippage ratio for Jan-Mar was 0.89%, up 3 basis points from a quarter ago but down 11 bps on year. The bank's March quarter fresh slippages were at INR 29.44 billion, up from INR 28.73 billion a year ago. Credit cost was 0.76% for the March quarter, higher than 0.17% a quarter ago.

The bank reported cash recoveries and upgradation of INR 22.33 billion for the March quarter, higher than the INR 19.43 billion a year ago. The lender's loan write-offs declined to INR 15.12 billion during the period from INR 18.40 billion a year ago.

 

On the business front, Bank of Baroda's global advances rose 16.2% on year to INR 14.30 trillion as on Mar. 31. Global deposits grew 12% on year to INR 16.48 trillion by March-end. The domestic current account savings account ratio was 38.90% at the end of March, up 45 bps sequentially. The domestic current account savings account ratio was 39.97% a year ago.

 

The bank reported almost 18% on-year growth in retail loans at INR 3.03 trillion as on Mar. 31. Micro, small, and medium enterprises loans grew 15.6% on year to INR 1.60 trillion and corporate loans rose over 11% on year to INR 4.57 trillion at March-end. 

 

For the March quarter, the lender's global cost of deposits was 4.78% and domestic cost of deposits was 5.0%. A quarter ago, the global cost of deposits was 4.75% and domestic cost of deposits was 4.99%. The cost-to-income ratio fell to 44.90% from 52.10% a quarter ago.

 

The state-owned bank will raise up to INR 60 billion through the issuance of tier-I and tier-II bonds in 2026-27 (Apr-Mar). For FY26, Bank of Baroda reported a net profit of INR 200.21 billion, up over 2% on year. Its total income rose over 3% on year to INR 1.43 trillion in FY26.  End

 

Edited by Avishek Dutta

 

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