Bank of India's Q3FY25 Quarter Results
- 25 Jan 2025
Result Summary
- Bank of India reported a 0.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 21.7%.
- Its expenses for the quarter were up by 3.4% QoQ and 21.3% YoY.
- The net profit increased 8.9% QoQ and increased 36.6% YoY.
- The earnings per share (EPS) of Bank of India stood at 5.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 20097.68 | 19997.56 | 16520.83 | 0.5% | 21.7% |
Total Expenses | 16334.50 | 15796.93 | 13463.62 | 3.4% | 21.3% |
Provisions & contingencies | 316.53 | 1062.27 | 518.39 | -70.2% | -38.9% |
Profit Before Tax | 3446.65 | 3138.36 | 2538.82 | 9.8% | 35.8% |
Tax | 887.85 | 739.62 | 643.34 | 20.0% | 38.0% |
Profit After Tax | 2638.17 | 2421.75 | 1931.44 | 8.9% | 36.6% |
Earnings Per Share | 5.80 | 5.30 | 4.60 | 9.4% | 26.1% |
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 India is a prominent financial institution in India, primarily engaged in providing a wide range of banking and financial services. These services include corporate banking, retail banking, wealth management, and investment banking. As a key player in the banking industry, Bank of India serves a diverse clientele including individuals, businesses, and governments. The bank's operations are grounded in delivering value through innovative financial solutions. Recent developments in the banking sector, such as digital transformation and regulatory changes, continuously influence the bank's strategy and operations. However, specific recent major developments for Bank of India are not available from the provided data.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Bank of India reported a total income of ₹20,097.68 crores. This represents a slight increase of 0.5% from the previous quarter (Q2FY25) where the total income was ₹19,997.56 crores. Year-over-year, the total income saw a substantial increase of 21.7% compared to ₹16,520.83 crores in Q3FY24. This growth indicates an upward trajectory in revenue generation capabilities over the past year, showcasing the bank's ability to sustain and grow its income streams amidst competitive market conditions.
Profitability
For Q3FY25, Bank of India reported a profit before tax (PBT) of ₹3,446.65 crores, which is an increase of 9.8% from the previous quarter's PBT of ₹3,138.36 crores. Year-over-year, the PBT increased by 35.8% compared to ₹2,538.82 crores in Q3FY24. The profit after tax (PAT) for Q3FY25 stood at ₹2,638.17 crores, reflecting an increase of 8.9% from the last quarter and a significant 36.6% increase from ₹1,931.44 crores in the same quarter of the previous year. The reported tax for Q3FY25 was ₹887.85 crores, which is a 20.0% increase from the previous quarter and a 38.0% rise year-over-year. These figures highlight a period of strong profitability growth for the bank during the quarter.
Operating Metrics
The bank's total expenses in Q3FY25 were recorded at ₹16,334.50 crores, marking an increase of 3.4% from ₹15,796.93 crores in Q2FY25 and a 21.3% rise from ₹13,463.62 crores in Q3FY24. Provisions and contingencies for Q3FY25 amounted to ₹316.53 crores, which represents a significant decrease of 70.2% from the previous quarter and a 38.9% decrease from the same quarter last year. Earnings Per Share (EPS) for Q3FY25 were ₹5.80, up 9.4% from ₹5.30 in the last quarter and showing a 26.1% increase from ₹4.60 in Q3FY24. These metrics reflect the bank's operational efficiency and strategic management of expenses and provisions, contributing to its overall financial performance.
