Bank of Baroda Q1 Results: PAT grows 2% YoY to Rs 4,541 crore, NII decline 1.4%
Synopsis Bank of Baroda posted a modest 2% YoY rise in Q1 FY26 profit to ₹4,541 crore. Net interest income dipped 1.4%, impacted by tax refund reclassification. Deposits and advances, both domestic and international, grew strongly year-on-year. State-lender Bank of Baroda (BoB) on Friday reported a 2% growth in its Q1 standalone net profit to Rs 4,541 crore versus Rs 4,458 crore in the year-ago period. The company's net interest income (NII) stood at Rs 11,435 crore which was down 1.4% from Rs 11,600 crore reported in the corresponding quarter of the last financial year.
ADVERTISEMENT The NII includes the impact of reclassification of interest on income tax refund, a company filing to the exchanges said.
BoB's domestic deposits were reported at Rs 12.04 lakh crore, witnessing an 8% uptick over Rs 11.14 lakh crore in the year ago period. International Deposits were up from Rs 2.01 lakh crore in Q1FY25 to Rs 2.31 lakh crore in Q1FY26, recording a 15% growth.
Total deposits stood at Rs 14.35 lakh crore, a 9% YoY uptick.
Retail Advances were up 17% from Rs 2.22 lakh crore in Q1FY25 to Rs 2.61 lakh crore in Q1FY26. Domestic Gross Advances grew 12% to Rs 9.91 lakh crore from Rs 8.81 lakh crore in the year ago period. Total advances were 14% up YoY at Rs 2.15 lakh crore in the quarter under review.
GNPA Ratio stood at 2.28% in Q1FY26, declining by 60 bps over 2.88% in the year ago period. The NNPA ratio stood at 0.60 in Q1FY26, declining 9 bps on a YoY basis.Capital Adequacy Ratio increased 79 bps YoY from 16.82% in Q1FY25 to Rs 17.61% in Q1FY26.
ADVERTISEMENT The PSU bank's operating profit was reported at Rs 8,236 crore, a 15% growth over Rs 7,161 crore reported in the year ago period.Also Read: Cipla Q1 Results: Cons PAT rises 10% YoY to Rs 1,298 crore, revenue up 4%
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