Mumbai, January 30, 2025 – Bank of Baroda (BOB) has reported a 5.6% year-on-year (YoY) growth in net profit for Q3 FY25, reaching ₹4,837 crore, driven by robust asset quality and higher non-interest income. The net profit for the nine months ended December 31, 2024 (9MFY25), stood at ₹14,533 crore, a 12.6% YoY increase.
Key Financial Highlights (Standalone)
Income & Profitability (₹ in crore)
Particulars
Q3FY25
Q3FY24
YoY Change (%)
9MFY25
9MFY24
YoY Change (%)
Interest Income
30,908
28,605
8.0
90,800
83,023
9.4
Interest Expenses
19,491
17,504
11.3
56,161
50,094
12.1
Net Interest Income (NII)
11,417
11,101
2.8
34,639
32,929
5.2
Non-Interest Income
3,769
2,810
34.1
11,438
10,304
11.0
Operating Profit
7,664
7,015
9.3
24,303
22,859
6.3
Net Profit
4,837
4,579
5.6
14,533
12,902
12.6
Net Interest Margin (NIM) declined to 2.94% in Q3FY25 from 3.10% in Q3FY24.
Return on Assets (RoA) remained strong at 1.15% for Q3FY25.
Return on Equity (RoE) stood at 17.01% for Q3FY25.
Asset Quality & Capital Adequacy
Particulars
Q3FY25
Q3FY24
YoY Change
Gross NPA (%)
2.43
3.08
-65 bps
Net NPA (%)
0.59
0.70
-11 bps
Provision Coverage Ratio (PCR) (%)
93.51
93.39
+12 bps
Slippage Ratio (%)
0.90
0.95
-5 bps
Credit Cost (%)
0.30
-
-
Gross NPA reduced to ₹28,471 crore, showing an 11.9% YoY decline.
Provision Coverage Ratio (PCR) improved to 93.51%, indicating strong risk management.
Capital Adequacy Ratio (CAR) at 15.96%, with CET-1 at 12.38%.
Business Performance
Particulars (₹ crore)
Dec 31, 2024
Sep 30, 2024
Dec 31, 2023
YoY Growth (%)
Global Deposits
13,92,461
13,63,486
12,45,300
11.8
Domestic Deposits
11,65,874
11,50,791
10,67,371
9.2
Domestic CASA
4,62,617
4,58,425
4,34,337
6.5
Global Advances
11,73,034
11,43,039
10,49,327
11.8
Retail Advances
2,43,360
2,32,311
2,03,627
19.5
Retail loan book grew 19.5% YoY, with strong growth in:
Auto Loans: +21.1%
Home Loans: +16.6%
Education Loans: +16.9%
Agriculture loan portfolio grew 12.5% YoY to ₹1,51,050 crore.
Gold loan portfolio grew 29.1% YoY to ₹58,172 crore.
Consolidated Financial Performance
Net Profit: ₹5,214 crore in Q3FY25 (up 8.9% YoY).
Net Interest Income (NII): ₹11,417 crore (up 2.8% YoY).
Total Assets: ₹1,79,128 crore (up 11.5% YoY).
Management Commentary
"We are pleased with our Q3FY25 results, which demonstrate resilience in a dynamic economic environment. Our strong asset quality and disciplined risk management have ensured a sustained reduction in NPAs. We continue to focus on digital expansion and retail loan growth to drive future profitability," said Lalit Tyagi, Executive Director, Bank of Baroda.
Outlook
Sustained profitability growth driven by retail and digital banking expansion.
Strong asset quality management expected to keep NPAs under control.
Focus on increasing retail and MSME lending, backed by stable capital adequacy.
