BANKBARODA

Bank of Baroda share price & financials

Price
₹281.05
Market cap
₹1.3L Cr
Sector
Financial Services
Calls analysed
7
Latest concall · Q1 FY27 · call held 24 Jul 2026

Bank of Baroda Q1 FY27

Net Profit ₹1,278 cr ROE 3.89%

What went well

  • Global business grew by 15.4% YoY to INR 30.5 lakh crore, demonstrating strong overall expansion.
  • Robust advances growth of 17.4% YoY, driven by domestic (16.1%) and international (23.3%) segments, with RAM advances showing significant traction (organic retail 18.4%, agriculture 18.7%, organic MSME 20.3%).
  • Asset quality remained benign with GNPA ratio improving by 29 bps YoY to 1.99% and Net NPA ratio improving by 10 bps YoY to 0.50%, supported by a high Provision Coverage Ratio of 93.28%.

What to watch

  • Reported net profit for Q1 FY27 was significantly impacted by a one-time USD 600 million (INR 5,528 crores equivalent) settlement for the NMC case, leading to a reported net profit of INR 1,278 crores.
  • Return on Assets (ROA) for the quarter, post-settlement, was 0.25%, compared to 1.10% without the exceptional item, reflecting the one-off impact on profitability metrics.
Read the full call →

What Bank of Baroda does

Bank of Baroda is a public-sector commercial bank majority-owned by the Government of India. It provides deposits, lending and treasury services to retail, agriculture, MSME and corporate customers through a network of domestic and international (overseas) branches, earning mainly from interest on advances and investments plus fee, forex and treasury income. Its loan book is led by the RAM (Retail, Agriculture, MSME) portfolio alongside corporate/wholesale lending, and it also operates digital banking channels including a mobile super app.

Segments

  • Retail Banking
  • Agriculture & Priority Sector
  • MSME
  • Corporate Banking
  • Treasury Operations
  • International Banking
Ownership
Public-sector bank, majority-owned by the Government of India
Operating footprint
Operates through domestic and international (overseas) branches
Group structure
Sponsors Regional Rural Banks and holds banking subsidiaries and joint ventures
Digital channels
Runs a mobile 'super app' for customers and non-customers, a GenAI virtual assistant and the 'BobEarth' public webspace
New branches opened (FY25)
188
'Phygital' branches inaugurated
9
Headquarters Baroda Corporate Centre, Bandra Kurla Complex, Mumbai 400 051, India Company website

Guidance record · Q1 FY27

what the last two calls moved 25 tracked 6 delivered 5 missed 14 open
  • Corporate Credit Growth went quiet said Q3 FY25 Promised: ~10% Q1 FY27: Not addressed. Superseded by overall loan growth guidance. Corporate loans grew 15.3% YoY.
  • Headcount Addition revised up said Q4 FY26 Promised: 4,000-5,000 Q1 FY27: Guidance revised up to ~7,000 for FY27.
  • Advances Growth delivered said Q3 FY25 Promised: 11% to 13% Q4 FY26: Achieved 16.2% for FY26, significantly beating guidance.

All 25 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 6.8%, net profit down 47.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue31,902 32,570 32,820 32,866 33,318 +4%33,600 +3%34,514 +5%35,115 +7%
Net profit5,405 5,250 5,447 3,517 5,181 −4%5,501 +5%5,872 +8%1,839 −48%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +0.1% 1Y

₹240₹260₹280₹300₹320Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 31 Oct 2025Q4 FY26 — 14 May 2026Q1 FY27 — 24 Jul 2026

1Y: ₹238.01 on 10 Sept 2025 → ₹238.13. High ₹324.45 (26 Feb 2026), low ₹234.1 (9 Sept 2026).

How the price took the results

close before → close after

Q1 FY27
+1.4%
24 Jul
Q4 FY26
+2.4%
14 May
Q2 FY26
+2.1%
31 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 12.4% a year over 3 years, FY23 to FY26.

Year endingFY23FY24FY25FY26
Revenue₹94.5k Cr₹118.4k Cr₹128.4k Cr₹134.3k Cr
Interest₹49.9k Cr₹69.9k Cr₹78.3k Cr₹81.9k Cr
Depreciation₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Net profit₹15.0k Cr₹18.9k Cr₹20.9k Cr₹20.1k Cr
Net margin15.9%15.9%16.2%14.9%
ROE15.0%17.0%16.0%13.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹1.0k Cr₹1.0k Cr₹1.0k Cr₹1.0k Cr₹1.0k Cr₹1.0k Cr
Reserves₹81.4k Cr₹90.8k Cr₹104.0k Cr₹118.7k Cr₹157.9k Cr₹164.8k Cr
Borrowings₹71.3k Cr₹109.5k Cr₹107.9k Cr₹102.0k Cr—₹170.3k Cr
Deposits₹995.9k Cr₹1075.8k Cr₹1234.7k Cr₹1360.0k Cr—₹1675.9k Cr
Other liabilities₹53.1k Cr₹62.9k Cr₹78.2k Cr₹73.1k Cr₹81.2k Cr₹89.4k Cr
Total liabilities₹1202.7k Cr₹1340.1k Cr₹1525.9k Cr₹1654.8k Cr₹1913.6k Cr₹2101.5k Cr
Fixed assets₹8.4k Cr₹11.1k Cr₹9.9k Cr₹9.1k Cr₹12.3k Cr₹13.1k Cr
Capital work in progress₹2 Cr₹1 Cr₹3 Cr₹6 Cr₹0 Cr₹1 Cr
Investments₹281.9k Cr₹347.6k Cr₹397.5k Cr₹407.1k Cr₹433.7k Cr₹435.8k Cr
Other assets₹912.4k Cr₹981.4k Cr₹1118.5k Cr₹1238.6k Cr₹1467.5k Cr₹1652.6k Cr
Total assets₹1202.7k Cr₹1340.1k Cr₹1525.9k Cr₹1654.8k Cr₹1913.6k Cr₹2101.5k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs added +2.06 pp while the public trimmed −1.42 pp. The shareholder count shrank 10% to 14,60,575.

Promoters
64.0%
FIIs
10.1%
DIIs
18.3%
Government
0.1%
Public
7.5%

Since Jun 2025

  • FIIs +2.06 pp
  • Public −1.42 pp
  • DIIs −0.46 pp

How it drifted, 12 quarters

Over this window DIIs went from 15.7% to 18.3% — +2.6 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 64.0%, FIIs 12.4%, DIIs 15.7%, Government 0.3%, Public 7.6%.Dec '23: Promoters 64.0%, FIIs 12.3%, DIIs 15.8%, Government 0.3%, Public 7.8%.Mar '24: Promoters 64.0%, FIIs 12.4%, DIIs 16.0%, Government 0.3%, Public 7.3%.Jun '24: Promoters 64.0%, FIIs 11.4%, DIIs 15.8%, Government 0.3%, Public 8.6%.Sep '24: Promoters 64.0%, FIIs 9.9%, DIIs 16.4%, Government 0.3%, Public 9.6%.Dec '24: Promoters 64.0%, FIIs 8.9%, DIIs 17.9%, Government 0.3%, Public 9.0%.Mar '25: Promoters 64.0%, FIIs 9.0%, DIIs 18.0%, Government 0.3%, Public 8.8%.Jun '25: Promoters 64.0%, FIIs 8.1%, DIIs 18.8%, Government 0.3%, Public 8.9%.Sep '25: Promoters 64.0%, FIIs 8.7%, DIIs 18.9%, Government 0.1%, Public 8.3%.Dec '25: Promoters 64.0%, FIIs 9.8%, DIIs 18.7%, Government 0.1%, Public 7.4%.Mar '26: Promoters 64.0%, FIIs 9.7%, DIIs 18.9%, Government 0.1%, Public 7.3%.Jun '26: Promoters 64.0%, FIIs 10.1%, DIIs 18.3%, Government 0.1%, Public 7.5%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 4 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Bank of Baroda above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
President Of India 63.97%unchanged
LICI New Pension Plus Secured Fund Insurer5.14%newly disclosed
NPS Trust A/C UTI Pension Fund Limited Pension / PF2.32%newly disclosed
HDFC Large And Mid Cap Fund Mutual fund2.14%−0.62 pp
Kotak Arbitrage Fund Mutual fund1.93%newly disclosed
SBI BSE PSU Bank ETF Mutual fund1.78%newly disclosed
LICI New Endowment Plus-Growth Fund —off the list
NPS Trust A/C - LIC Pension Fund - Ups - Cg Schem —off the list
SBI ELSS Tax Saver Fund Mutual fund—off the list
Kotak Aggressive Hybrid Fund Mutual fund—off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in BANKBARODA

Filings to Aug 2026

0 new, 17 added, 5 trimmed, 0 sold out — net +3.70 L shares (+0.2%).

Held by funds
₹5.7k Cr
33 schemes
Biggest holder
HDFC Small Cap Fund
₹1.1k Cr · 2.7% of that fund
SchemeHoldingLast month
HDFC Small Cap Fund HDFC Mutual Fund₹1.1k Crheld
HDFC Balanced Advantage Fund HDFC Mutual Fund₹728 Crheld
SBI Balanced Advantage Fund SBI Mutual Fund₹516 Crheld
Nippon India ETF Nifty PSU Bank BeES Nippon India Mutual Fund₹488 Cr−3.97 L
HDFC Flexi Cap Fund HDFC Mutual Fund₹389 Cr−14.12 L
SBI PSU Fund SBI Mutual Fund₹342 Crheld
SBI Banking And Financial Services Fund SBI Mutual Fund₹319 Crheld
Nippon India ETF Nifty Bank BeES Nippon India Mutual Fund₹292 Cr−1.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

17 added, 5 trimmed — net +3.70 L shares (+0.2%)

Funds are sitting on
+29%
vs est. average cost
Held by funds
₹5.7k Cr
33 schemes · ≈ 5.3% of the company
Biggest holder
HDFC Small Cap Fund
₹1.1k Cr · 2.7% of that fund
Longest holder
Nippon India ETF Nifty PSU Bank BeES
7y 8m · since Jan '19

Shares held by these funds −7%

Aug '23 23.53 cr shares Jul '26

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Bank of Baroda

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