Bank of Baroda Q3 FY25 Profit Rises 6% YoY to ₹4,837 Crore; Stock Drops 4%

State-owned Bank of Baroda (BoB) reported a 6% year-on-year (YoY) increase in net profit for the third quarter of FY25, reaching ₹4,837 crore, compared to ₹4,579 crore in the same quarter last year.

Revenue and Income

The bank’s net interest income (NII) rose 2.8% YoY to ₹11,417 crore, up from ₹11,101 crore in Q3FY24. Total income for the quarter increased to ₹34,676 crore, compared to ₹31,416 crore in the previous year.

Quarter-on-Quarter Decline

On a sequential basis, net profit fell 7.6% from ₹5,238 crore in Q2FY25. Similarly, NII declined 1.76% from ₹11,622 crore in the previous quarter.

Operating Profit and Asset Quality

The operating profit improved to ₹7,664 crore, up from ₹7,015 crore last year. The bank’s gross non-performing assets (GNPA) ratio improved to 2.43%, down from 3.08% a year ago. Net NPAs also reduced to 0.59%, compared to 0.7% in Q3FY24.

Provisions and Capital Adequacy

The bank’s total provisions (excluding taxes) increased to ₹1,082 crore, up from ₹666 crore last year. Meanwhile, the Capital Adequacy Ratio (CAR) declined to 14.72%, compared to 15.96% in the previous year.

Loan Growth

BoB’s global advances grew 11.8% YoY, driven by strong demand for retail loans. Retail advances rose 19.5%, with key segments showing strong growth:

• Auto Loans: Up 21.1%
• Home Loans: Up 16.6%
• Mortgage Loans: Up 16.3%
• Education Loans: Up 16.9%

The bank’s performance reflects steady income growth, improving asset quality, and strong demand in the retail loan sector.

About Bank of Baroda

Bank of Baroda is a government-owned public sector bank based in Vadodara, Gujarat. It is the 2nd-largest public sector bank in India, following the State Bank of India. As per 2023 data, the bank holds the 586th position on the Forbes Global 2000 list.

As of January 31, 2025, at 9:43 AM IST, Bank of Baroda share price (NSE: BANKBARODA) is trading at ₹212.90, down ₹9.49 (4.27%) for the day. The stock opened at ₹218.50, reached a high of ₹218.50, and hit a low of ₹211.75. 

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