Bank of India (BoI) shares jumped 4% in morning trade following the bank’s impressive Q3 results for FY2025 which was better than estimates.
The bank reported a 35% surge in net profit, reaching Rs 2,517 crore for the December quarter, up from Rs 1,870 crore a year ago. The stellar performance was driven by a significant reduction in bad loans and strong growth in income.
Total income for Q3 FY25 increased to Rs 19,957 crore, compared to Rs 16,411 crore in the same period last year. The bank’s interest income rose to Rs 18,210 crore from Rs 15,218 crore, while net interest income (NII) climbed to Rs 6,070 crore from Rs 5,463 crore in Q3 FY24.
Operating profit saw a healthy increase to Rs 3,703 crore, up from Rs 3,004 crore in the previous year, highlighting the bank’s efficient cost management and strong core operations.
On the asset quality front, BoI made impressive strides. Gross non-performing assets (NPAs) fell sharply to 3.69% of gross loans from 5.35% a year ago. Net NPAs also declined to 0.85% from 1.41%, showcasing the bank’s improving asset quality. The Provision Coverage Ratio (PCR) improved to 92.48% from 89.95%, indicating stronger reserves for potential loan losses. The bank’s Capital Adequacy Ratio (CAR) remained stable at 16%, signaling a solid capital position.
Bank of India shares opened today at ₹100.00, reaching a high of ₹104.00 and a low of ₹99.11. Over the past 52 weeks, the stock has seen a high of ₹157.95 and a low of ₹90.05.
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