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Bank of Baroda Q1 FY26 Earnings, BANKBARODA Shares: PSU lender Bank of Baroda on Friday reported a mixed set of earnings for the April-June period, with better-than-expected top-line and bottom-line but worsening asset quality. Its net profit grew 1.9 per cent on a year-on-year basis to Rs 4,541 crore while net interest income (NII) declined to Rs 11,435 crore from Rs 11,600 crore, according to a regulatory filing.
According to Zee Business research, Bank of Baroda was estimated to register a net profit of Rs 4,170 crore with a net interest income of Rs 10,790 crore.
The bank's global net interest margin (NIM)--a key measure of a financial institution's profitability--declined by 7 basis points to 2.91 per cent compared with the previous quarter.
Its domestic NIM contracted to 3.06 per cent from 3.16 per cent sequentially.
Bank of Baroda Asset Quality Deteriorates | Non-performing assets rise sequentially
Bank of Baroda reported gross non-performing assets (NPAs) at 2.28 per cent of its total loans for the quarter ended June 30, rising from 2.26 per cent in the previous three months.
Net non-performing assets--or net bad loans--increased to 0.6 per cent from 0.58 per cent three months ago.
Provisions
The PSU bank's provisions nearly doubled to Rs 1,967 crore on a year-on-year basis, and increased 26.7 per cent sequentially.
Loans and deposits
Bank of Baroda saw a 12.6 per cent increase in its global advances to Rs 12.07 lakh crore and a 9.1 per cent rise in its global deposits to Rs 14.35 lakh crore compared with the year-ago period.
ALSO READ: HDFC Bank Q1 FY26 Results: PAT beats forecasts at Rs 18,155 crore; first-ever bonus, Rs 5 dividend
Bank of Baroda shares vs Nifty50 vs Nifty Bank
Earlier on Friday, Bank of Baroda shares--traded with the symbol BANKBARODA on stock exchanges BSE and NSE--declined 1.4 per cent to Rs 243.5 apiece on BSE.
India's largest bank by assets, SBI is set to report its financial results on August 8.
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