Bank of Baroda on Friday, July 25, reported a 1.8% rise in its standalone net profit for the April to June quarter of FY26 at ₹4,541 crore as against ₹4,458 crore in the corresponding quarter of the previous fiscal.
However, the public sector bank’s net interest income (NII) declined 1.4% year-on-year to ₹11,435 crore as against ₹11,600 crore in Q1 FY25.
On the asset quality front, Bank of Baroda’s gross non-performing assets (NPA) stood at 2.28% as against 2.26% quarter-on-quarter (QoQ). Net NPA stood at 0.6% in Q1 FY26 as compared to 0.58% quarter-on-quarter.
In the quarter under review, the net interest margin (NIM) stood at 2.91% as compared to 2.98% quarter-on-quarter. Global NIM stood at 2.91% in Q1 FY26, while domestic NIM stood at 3.06%.
“The Bank has delivered strong operating performance with balanced growth and resilient asset quality,” Bank of Baroda said in a statement.
Ahead of earnings on Friday, Bank of Baroda shares closed 1.44% lower at ₹243.30 per share on the National Stock Exchange.
Bank of Baroda’s global advances grew 12.6% year-on-year in Q1 FY26, and gross domestic advances grew 12.4%.
Domestic current account and savings account (CASA) deposits recorded a growth of 5.5% year-on-year to ₹4,73,637 crore as of June 30, 2025.
The bank’s provision coverage ratio stood at 93.32% at the end of the quarter, as against 93.18% in the same quarter of the previous fiscal.
For Q1 FY26, the lender’s capital adequacy ratio improved by 79 basis points to 17.61% from 16.82% in Q1 FY25.
Cost-to-income ratio declined by 30 basis points year-on-year to 48.87% for Q1 FY26 due to stable growth in operating income and limited increase in operating expenses.
During the quarter, return on assets (ROA) remained above 1% and stood at 1.03%, while return on equity (ROE) stood at 15.05%.
Cost of credit for Bank of Baroda remained below 0.75% at 0.55% in Q1 FY26.
