Bank of Baroda Q2 FY25 Results: Net profit rises 23% YoY to Rs 5,237 crore, Asset quality improves as GNPA falls to 2.5%

Bank of Baroda has reported its Q2 FY25 financial results, showcasing strong growth in profitability and significant improvement in asset quality.

Key Financial Highlights:

• Net Profit: The bank reported a net profit of ₹5,239.73 crore for the quarter ended September 30, 2024, a rise from ₹4,458.15 crore in the same quarter last year.
• Net Interest Income (NII): The bank’s NII grew to ₹11,622 crore, up from ₹10,830 crore YoY.
• Gross NPA: The bank’s gross non-performing assets (GNPA) declined to 2.5%, a significant improvement from 3.3% in the previous year’s quarter.
• Net NPA: Net NPA also declined to 0.6%, further reflecting an enhancement in the bank’s asset quality.

This performance was driven by lower provisioning and higher income growth, contributing to better profitability despite the challenges in the broader financial sector. With improved asset quality and robust earnings, Bank of Baroda is well-positioned for continued growth