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    Bank of Baroda

    BANKBARODANeutral
    Financial Services·7 May 2025
    Management Summary

    Bank of Baroda delivered exceptional FY25 performance with all-time high annual PAT of ₹19,581 crores. The bank maintained strong profitability metrics with ROA above 1% for 11 consecutive quarters while significantly improving asset quality.

    Highlights

    5

    • All-time high annual PAT of ₹19,581 crores, console PAT exceeded ₹20,700 crores

    • Q4 PAT of ₹5,048 crores with strong quarterly performance

    • Advances growth of 12.8% with domestic advances at 13.7%

    • Strong asset quality improvement - Gross NPA down to 2.26% from 2.92%

    • Healthy ROA of 1.16% and ROE of ~18%, maintained >1% ROA for 11 quarters

    What Changed3

    vs Q1 FY26

    Guidance items14 → 2 (-12)Risks discussed4 → 1 (-3)Q&A highlights8 → 2 (-6)
    Key financials

    Metrics

    8

    Periods

    2

    Headline

    7
    • Annual PAT
      ₹19,581 Cr
      YoY0%
    • Console PAT
      ₹20,700 Cr
      YoY0%
    • Return on Assets
      1.2%
      YoY0%
    • Return on Equity
      18%
      YoY0%
    • Advances Growth
      12.8%
      YoY+12.8%

    Q4

    1
    • PAT
      ₹5,048 Cr
      YoY0%

    Guidance & targets

    2
    CategoryTargetPriority
    Asset Growth
    Advances Growth
    11-13% guidance achieved at 12.8%
    		High
    Deposits
    Deposit Growth
    9-11% guidance achieved at 10.3%
    		High

    Risks & concerns

    1
    RiskSeverity

    NIM pressure from interest rate environment

    Quarterly NIM declined from 2.94 to 2.86 due to repo cut and cost of deposits pressure — Management acknowledged

    low

    Q&A highlights

    2

    “gross NPA trending down from 2.92 to 2.26. Net NPA similarly is trending down from 0.68 to 0.58”

    Shows significant improvement in asset quality metrics with both gross and net NPA declining

    asked by Management Discussion

    1 min read4 chapters

    Detailed Narrative

    01

    Record Financial Performance

    Bank of Baroda achieved all-time high annual PAT of ₹19,581 crores with console PAT exceeding ₹20,700 crores. The bank posted ₹5,000+ crores profit in two quarters during FY25, demonstrating strong and consistent earnings capability.

    02

    Successful Growth Strategy Execution

    The bank successfully achieved its guidance targets with advances growth of 12.8% (vs 11-13% guidance) and deposits growth of 10.3% (vs 9-11% guidance). Domestic advances grew strongly at 13.7%, driven by retail (19.4%) and agriculture & MSME (14.2%) segments.

    03

    Significant Asset Quality Enhancement

    Asset quality showed marked improvement with Gross NPA declining from 2.92% to 2.26% and Net NPA from 0.68% to 0.58%. Credit cost at 0.47% was well below the 0.75% guidance, showing strong risk management.

    04

    Strong Capital and Value Creation

    Bank maintained strong capital position with CRAR at 17.19%. Book value per share increased substantially from ₹106 to ₹223 over five years, with EPS at ₹38. Board recommended dividend of ₹8.35 per share.

    This is an AI-generated summary of a publicly available earnings call transcript. It is for informational purposes only and does not constitute investment advice, a recommendation, or an endorsement. inve.money is not a SEBI-registered investment advisor. Please consult a qualified financial advisor before making any investment decisions.