Bank of Baroda on Tuesday released its fiscal fourth quarter earnings report with profit at Rs 5047.73 crore, surpassing estimates. This was 3.30 per cent higher in comparison to Rs 4886.49 crore recorded during the corresponding quarter of FY24. The net interest income (NII) stood at Rs 11,019.6 crore in comparison to Rs 11,793 crore recorded during the fourth quarter of previous financial year. According to a CNBC TV18 poll, Bank of Baroda was expected to record Q4 profit at Rs 4801.7 crore and NII was estimated at Rs 11,678 crore.
For the full year, net profit came in at Rs 19,581 crore, up 10.1 per cent YoY as against Rs 17,789 crore in FY24. Net Interest Income for FY25 registered a growth of 2.1 per cent and stood at Rs 45,659 crore. Operating profit for FY25, meanwhile, increased by 4.7 per cent to Rs 32,435 crore.
Bank of Baroda’s asset quality
The gross NPA of the Bank improved to 2.26 per cent during the quarter as against 2.92 per cent during the same period of previous financial year. The gross NPA stood at Rs 27,834.88 crore. The net NPA, meanwhile, stood at 0.58 per cent as against 0.68 per cent during the year ago period. The net NPA was Rs 6994.24 crore. The Provision Coverage Ratio of the Bank stood at 93.29 per cent including TWO and 74.87 per cent excluding TWO for FY25. Slippage ratio declined to 0.78 per cent for FY25 as against 0.99 per cent in FY24.
Dividend announcement
The company board recommended a dividend at Rs 8.35 per equity share at face value of Rs 2 each fully paid up for FY2024-25. The Bank has fixed record/cut off date as 06th June 2025 for the purpose of dividend payment.
Bank of Baroda’s business performance
Domestic advances of the Bank went up by 13.7 per cent on-year to Rs 10,21,112 crore. Global advances, meanwhile, increased to Rs 12,30,461 crore, up 12.8 per cent YoY. While Bank of Baroda reported domestic deposits growth of 9.3 per cent on-year to Rs 12,42,169 crore, global deposits increased by 10.3 per cent YoY to Rs 14,72,035 crore.
Organic Retail Advances grew by 19.4 per cent, led by strong growth across segments such as Auto Loan (20.3 per cent), Mortgage Loan (18.9 per cent), Home Loan (17.3 per cent), Education Loan (15.9 per cent) on a YoY basis. Agriculture loan portfolio grew by 14.2 per cent YoY to Rs 1,58,324 crore. Organic MSME portfolio grew by 14.2 per cent YoY to Rs 1,36,377 crore. Corporate advances registered a growth of 8.6 per cent YoY and stood at Rs 4,12,274 crore.