Bank of Baroda Q4 results: Profit marginally rises 3.3% to ₹5,048 crore

The bank's treasury income doubled in the quarter ended March to ₹1,559 crore from ₹753 crore in Q4FY24

Public sector lender Bank of Baroda’s (BoB)’s net profit rose 3.3 per cent year-on-year (Y-o-Y) to ₹5,048 crore in the fourth quarter of financial year 2024-25 (Q4FY25), aided by treasury income amid pressure on net interest margin.

 

For the full FY25, the lender posted net profit of ₹19,581 crore, registering a 10.1 per cent Y-o-Y growth. The bank’s treasury income doubled to ₹1,559 crore from ₹753 crore a year ago.

 

The board recommended a dividend of ₹8.35 per share for FY25. On Tuesday, the BoB stock closed 10.27 per cent lower at ₹223.65 per share on the BSE.

 

Net interest income (NII) -- a key revenue source -- fell 6.6 per cent Y-o-Y to ₹11,020 crore. The lender’s net interest margin (NIM), which is the difference between interest received and interest paid, from domestic operations fell to 2.86 per cent in Q4FY25, down from the 3.27 per cent in Q4FY24

 

Other income, including fees, commission, and treasury earnings, expanded by 24.3 per cent to ₹5,210 crore in Q4FY25 from ₹4,191 crore a year ago. Treasury gains increased by 107 per cent to ₹1,559 crore in the fourth quarter. The cost-to-income ratio was flat at 49.89 per cent (excluding wage revisions and one-time items).

 

BoB reported 13 per cent Y-o-Y credit growth in domestic advances at ₹10.2 trillion. While retail advances grew 19 per cent, corporate loans saw 8.6 per cent Y-o-Y growth in Q4FY25. Home loans advanced 17.3 per cent.

 

Bank’s deposits expanded by 10.3 per cent Y-o-Y to ₹14.72 trillion. The share of low cost deposits-- current account and savings account (CASA) -- stood at 39.97 per cent in March 2025, down from 41.03 per cent a year ago.

 

The asset quality profile improved with gross non-performing assets (NPAs) declining to 2.26. per cent from 2.92 per cent a year ago. The net NPAs declined to 0.58 per cent from 0.68 in March 2024. The provision coverage ratio (PCR), including those for write-offs, stood at 93.29 per cent in March 2025.

 

Lender’s capital adequacy ratio stood at 17.19 per cent with the common equity tier I (CET-1) of 13.78 per cent.