Bank of Baroda witnessed a market capitalization gain of ₹6,852 crore as its stock price surged by 5.53% to ₹252.77. The bank’s total market cap now stands at ₹1,30,716.52 crore, reflecting strong investor confidence.
The bank demonstrated strong growth in profitability and significant improvements in asset quality, which contributed to the positive market sentiment.
Key Financial Highlights (Q2 FY25):
- Net Profit: The bank reported a net profit of ₹5,239.73 crore, up from ₹4,458.15 crore in the same quarter last year, showing a notable increase in profitability.
- Net Interest Income (NII): Bank of Baroda’s NII grew to ₹11,622 crore, compared to ₹10,830 crore year-on-year (YoY).
- Gross NPA: The bank’s gross non-performing assets (GNPA) declined to 2.5%, a significant improvement from 3.3% in Q2 FY24.
- Net NPA: Net NPA also declined to 0.6%, reflecting better asset quality and improved risk management.
The bank’s robust financial performance, particularly the decline in NPAs, has enhanced investor confidence, leading to the stock’s rise in early trading.
This price rise comes amid favorable market conditions and the bank’s steady financial performance. Bank of Baroda continues to strengthen its position in the public sector banking space, attracting increased interest from investors
