Bank of Baroda Q2 result: Profit jumps 23%; NII grows 7.3% YoY to ₹11,622 crore | Stock Market News
Source: Live Mint
Bank of Baroda Q2 result: Bank of Baroda (BoB) on Friday, October 25, reported a nearly 23.2 per cent year-on-year (YoY) rise in standalone net profit at ₹5,238 crore for the quarter ended September 30, 2024. In the same quarter last year, the company reported a profit of ₹4,253 crore.
On the front of profitability, NII (Net interest income) grew by 7.3 per cent YoY to ₹11,622 crore in Q2FY25, while global NIM (net interest margin) stands at 3.10 per cent in Q2FY25 against 3.07 per cent in Q2FY24.
Operating income for the quarter under review rose 12 per cent YoY, coming at ₹16,803 crore, while operating profit increased 18.2 per cent YoY to ₹9,477 crore.
The yield on advances increased to 8.48 per cent in Q2FY25 against 8.43 per cent YoY.
The gross NPA fell by 15.9 per cent YoY to ₹28,551 crore, and the gross NPA ratio improved to 2.50 per cent in Q2FY25 from 3.32 per cent in Q2FY24.
