Bank of Baroda’s shares surged over 3.37%, trading at ₹247.60 as of 9:39 AM on Monday, following the release of its Q2 FY25 financial results. 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.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
