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Bank of Baroda Q2 Results: Standalone profit jumps 36% YoY to Rs 6,532 crore; NII up 9

By · Published by Everything Blog

In short

The state-run institution achieved an expansion in its bottom-line figures, driven by steady year-on-year advances across key financial segments. Total standalone net earnings climbed significantly compared to the prior-year period. In addition to the strong net profit expansion, the public lender saw its net interest income rise by 9 percent during the quarter. These combined results underscore sustained operational strength for the banking major during the second quarter.

Key points

  • The state-run lender demonstrated significant year-on-year bottom-line growth during the…: The state-run lender demonstrated significant year-on-year bottom-line growth during the second quarter.
  • Consistent expansion in net interest income supported the bank's strong operational perfo…: Consistent expansion in net interest income supported the bank's strong operational performance.
  • Core profitability advanced substantially as standalone earnings surged over thirty-six p…: Core profitability advanced substantially as standalone earnings surged over thirty-six percent.

Net profit for the first half of FY27 (H1FY27) stood at Rs 7,810 crore.

Net interest income (NII), the difference between interest earned and interest paid, for the quarter increased 9% YoY to Rs 13,026 crore, while non-interest income surged 95.8% YoY to Rs 6,881 crore.

For H1FY27, NII stood at Rs 25,551 crore, up 9.2% YoY, while non-interest income increased 26.4% to Rs 10,351 crore.

The bank's operating profit rose 50.9% YoY to Rs 11,430 crore in Q2FY27. For H1FY27, operating profit stood at Rs 19,557 crore, registering a growth of 23.7% YoY.

Global net interest margin (NIM) stood at 2.74% during the quarter. Return on Assets (ROA) improved by 19 basis points (bps) YoY to 1.26%, while Return on Equity (ROE) increased by 363 bps YoY to 19.28%.

Bank of Baroda Q2: Asset Quality

On the asset quality front, Bank of Baroda reported an improvement in its gross non-performing assets (GNPA) ratio, which declined to 1.78% in Q2FY27 from 2.16% in Q2FY26.

The net NPA (NNPA) ratio improved by 20 bps YoY to 0.37%. The slippage ratio declined…

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