Bank of Baroda September Q2 2024-25 Financial Results Out [Download]

Bank of Baroda has released financial result for September quarter 2024-25. The details are given below and you can also download results PDF and Balance Sheet PDF via links given below.

Also Read: Net Profit of all Banks in September 2024 Quarter

Key Highlights

• Net Profit Growth: Bank of Baroda (BOB) reported a 23.2% year-on-year (YoY) increase in net profit, reaching INR 5,238 crore for Q2 FY2025. For the first half (H1) of FY2025, net profit grew by 16.5%, totaling INR 9,696 crore.
• Return on Assets (ROA): The bank maintained an ROA of over 1%, with Q2 FY2025 at 1.30% and H1 FY2025 at 1.20%.
• Return on Equity (ROE): ROE stood at 19.22% for Q2 FY2025 and 17.79% for H1 FY2025.
• Operating Income: Increased by 12% YoY in Q2 FY2025, with non-interest income contributing a 24.2% YoY rise, driven by trading gains (+86.6%) and recoveries.
• Operating Profit: Grew by 18.2% YoY for Q2 FY2025 due to strong income growth and a modest 4.9% increase in operating expenses.
• Cost Efficiency: The cost-to-income ratio improved, decreasing by 294 basis points YoY to 43.60% for Q2 FY2025.
• Asset Quality: Gross Non-Performing Assets (GNPA) improved to 2.50% for Q2 FY2025, a reduction of 82 bps YoY, with Net NPA (NNPA) reduced to 0.60%.
• Credit Cost: Remained under 1%, at 0.65% for Q2 FY2025 and 0.55% for H1 FY2025.
• Loan Book Growth: BOB’s global advances rose by 11.6% YoY, with retail loans leading the growth (Auto Loans +22.9%, Home Loans +16.2%).

Also Read: Net Profit of all Banks in September 2024 Quarter

Profitability

• Standalone Net Profit: INR 5,238 crore in Q2 FY2025, a 23.2% increase YoY.
• Net Interest Income (NII): Increased by 7.3% YoY to INR 11,622 crore in Q2 FY2025.
• Non-Interest Income: Grew 24.2% YoY to INR 5,181 crore in Q2 FY2025.
• Net Interest Margin (NIM): Reached 3.10% in Q2 FY2025, up from 3.07% YoY.
• Yield on Advances: Rose to 8.48% in Q2 FY2025.
• Operating Income: Recorded at INR 16,803 crore for Q2 FY2025, marking a 12% YoY growth.
• Operating Profit: Increased by 18.2% YoY to INR 9,477 crore in Q2 FY2025.

Asset Quality

• Gross NPA: Reduced by 15.9% YoY to INR 28,551 crore in Q2 FY2025, with GNPA ratio improving to 2.50%.
• Net NPA Ratio: Declined to 0.60% in Q2 FY2025 from 0.76% in the previous year.
• Provision Coverage Ratio (PCR): At 93.61% including written-off assets, and 76.31% excluding them.
• Slippage Ratio: Improved to 1.07% in Q2 FY2025, down from 1.81% YoY.

Capital Adequacy

• CRAR: The Capital Adequacy Ratio stands at 16.26% as of September 2024, with Tier-I at 14.18% and Tier-II at 2.08%.
• Liquidity Coverage Ratio (LCR): Stands at 123.7% for the consolidated entity.

Business Performance

• Global Advances: Increased by 11.6% YoY to INR 11,43,039 crore.
• Domestic Advances: Grew by 12.5% YoY to INR 9,38,883 crore.
• Global Deposits: Increased by 9.1% YoY, reaching INR 13,63,486 crore.
• Retail Advances: Strong growth in retail loans, with auto loans up by 22.9%, home loans by 16.2%, and education loans by 17.2%.
• Agriculture and Gold Loans: Agricultural loans grew by 10.6% YoY, and the total gold loan portfolio increased by 24.7% YoY to INR 54,736 crore.
• MSME Portfolio: The organic MSME portfolio saw an 11.7% YoY increase, reaching INR 1,26,828 crore.

Also Read: Net Profit of all Banks in September 2024 Quarter

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• Financial Results
• Press Release
• Performance Analysis