Bank of Baroda's Q3FY25 Quarter Results
- 31 Jan 2025
Result Summary
- Bank of Baroda reported a 4.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 7.5%.
- Its expenses for the quarter were up by 3.7% QoQ and 9.9% YoY.
- The net profit decreased 2.9% QoQ and increased 9.0% YoY.
- The earnings per share (EPS) of Bank of Baroda stood at 10.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 37732.49 | 39454.98 | 35083.98 | -4.4% | 7.5% |
Total Expenses | 29300.77 | 28248.43 | 26655.19 | 3.7% | 9.9% |
Provisions & contingencies | 1496.89 | 3772.80 | 1902.56 | -60.3% | -21.3% |
Profit Before Tax | 6934.83 | 7433.75 | 6526.23 | -6.7% | 6.3% |
Tax | 1818.01 | 1978.71 | 1777.91 | -8.1% | 2.3% |
Profit After Tax | 5249.74 | 5404.97 | 4814.58 | -2.9% | 9.0% |
Earnings Per Share | 10.10 | 10.40 | 9.30 | -2.9% | 8.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Bank of Baroda is one of India's leading public sector banks, offering a wide range of financial services including retail banking, corporate banking, international banking, treasury operations, and rural banking. Founded in 1908, the bank has grown to become a prominent player in the banking industry with a significant presence in both domestic and international markets. Bank of Baroda provides various products such as loans, savings accounts, credit cards, and more, catering to individual as well as corporate clients. As a public sector bank, it plays a crucial role in economic development and financial inclusion in India. The bank has a strong network of branches and ATMs across the country and is known for its customer-centric approach and diverse portfolio of financial offerings.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Bank of Baroda reported a total income of ₹37,732.49 crores. This represents a decrease of 4.4% compared to the previous quarter (Q2FY25) where the total income was ₹39,454.98 crores. However, on a year-over-year basis, there was an increase of 7.5% compared to the same quarter in the previous year (Q3FY24), which recorded a total income of ₹35,083.98 crores. The quarterly decline in income might be attributed to various factors including changes in interest rates, market conditions, or other external economic influences. Nonetheless, the year-over-year growth indicates a positive trajectory in revenue generation for the bank over the past year.
Profitability
For Q3FY25, Bank of Baroda's profit before tax was ₹6,934.83 crores, showing a decrease of 6.7% from the previous quarter's figure of ₹7,433.75 crores. Despite this quarterly decline, the profit before tax increased by 6.3% compared to Q3FY24, which recorded ₹6,526.23 crores. The profit after tax for the same period was ₹5,249.74 crores, a slight reduction of 2.9% from Q2FY25, which was ₹5,404.97 crores. Year-over-year, however, this reflects a growth of 9% from the ₹4,814.58 crores reported in Q3FY24. The earnings per share (EPS) for Q3FY25 stood at ₹10.10, a decrease of 2.9% from the previous quarter but an increase of 8.6% from the same quarter last year, indicating a steady growth in profitability on an annual basis.
Operating Metrics
In terms of operating expenses, Bank of Baroda reported total expenses of ₹29,300.77 crores in Q3FY25, marking an increase of 3.7% from Q2FY25's expenses of ₹28,248.43 crores. When compared to Q3FY24, where expenses were recorded at ₹26,655.19 crores, there is a noticeable year-over-year increase of 9.9%. Provisions and contingencies for the current quarter were significantly lower at ₹1,496.89 crores, showing a substantial quarter-over-quarter decrease of 60.3% from ₹3,772.80 crores in Q2FY25 and a 21.3% decrease from ₹1,902.56 crores in Q3FY24. The reduction in provisions and contingencies may reflect improved asset quality or effective risk management strategies. The tax expense for Q3FY25 was ₹1,818.01 crores, which is an 8.1% decrease from the previous quarter and only a slight increase of 2.3% year-over-year. These metrics highlight the bank's operational focus on managing costs and maintaining financial stability amidst varying economic conditions.
