Q3 2026 Bank of Baroda Ltd Earnings Call Transcript
Key Points
- Bank of Baroda (BOM:532134) reported a strong growth in global advances by 14.7% year-over-year, with domestic advances growing by 13.6% and international by 19.3%.
- The bank's organic retail book grew by 17.4%, agriculture by 19%, and organic MSME by 16.4%, indicating robust growth across various segments.
- Net profit for Q3 stood at INR5,055 crores, marking a 4.5% year-over-year increase, driven purely by operational profit.
- Asset quality remains strong with a gross NPA ratio of 2.04% and a net NPA ratio of 0.57%, showing improvement year-over-year.
- The bank's capital adequacy is robust with CET1 at 12.45%, Tier 1 at 13.10%, and overall CRAR at 15.29%.
- Net interest margin (NIM) for the quarter was at 2.79%, which is on the lower end of the bank's guidance range of 2.85% to 3%.
- The bank's LCR dropped to 116% from the previous quarter's 120%, indicating a slight decrease in liquidity coverage.
- Bulk deposit growth has been higher in recent quarters, which could indicate a reliance on more expensive funding sources.
- The bank's credit cost guidance was revised to below 0.60%, which, while positive, suggests a cautious outlook on potential future credit costs.
- Interest on income tax refunds, which is included in the core NIM, is considered volatile and may not be a sustainable source of income.
Good evening, everyone, and welcome to the analyst meet for Bank of Baroda's quarterly results for the quarter ended 31 December, 2025. Thank you all for joining us. We have with us our MD and CEO, Dr. Debadatta Chand and he's joined by the Bank's Executive Directors and our CFO.
We will start with a short presentation, followed by opening remarks by Dr. Chand, and then we will move on to the Q&A session. Chand sir, over to you.
Thanks, Firoza. And again, good evening to all my media friends who are present here on the call. And just to introduce the management team, with me -- I'm D. Chand, MD and CEO; with me, Mr. Lalit Tyagi, the Executive Director, he looks after the C&IC, the Treasury and the International banking; With him, Mr. Sanjay Mudaliar, he is the Executive Director, he looks after IT, the retail asset and a couple of other platform functions. Then we have Mr. Lal Singh, Executive Director, he looks after the HR, recovery, and the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
