Bank of Baroda Q2 Results: Net profit jumps 23% YoY to Rs 5,238 crore, NII rises 7%
Bank of Baroda (BOB) on Friday reported a 23.2% jump in its standalone net profit to Rs 5,238 crore for the quarter ended September 2024 as against a profit of Rs 4,253 crore in Q2FY24.
The net interest income (NII) grew by 7.3% YoY to Rs 11,622 crore in Q2FY25.
The significant growth in quarterly PAT was driven primarily by an increase in both NII and non-interest income.
The bank has consistently maintained a return on assets (ROA) exceeding 1%, with 1.30% for Q2FY25 and 1.20% for H1FY25. Return on equity (ROE) reached 19.22% for Q2FY25 and 17.79% for H1FY25. Operating income saw robust growth of 12% YoY in Q2FY25, driven by a 24.2% YoY surge in non-interest income.
This growth in NII, coupled with a 24.2% YoY increase in non-interest income, fuelled the overall rise in the bank’s operating income, which stood at Rs 16,803 crore in Q2FY25, marking a 12% YoY increase.
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