Bank of Baroda / Q1-FY26

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Watch2025-07-15Back to BANKBARODA

Revenue

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Revenue YoY

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reported change

EBITDA

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Actual signal trajectory

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PAT (₹ Cr)PositiveWatchNegative
8 actual records
Actual quarterly PAT (₹ Cr) trajectoryReported values plotted by quarter. Hover or focus a point for its quarter, value, and source sentiment.Q1 FY25: 4,764 · Watch source sentiment · 2024-07-31Q1 FY25Q2 FY25: 5,405 · Positive source sentiment · 2024-10-24Q2 FY25Q3 FY25: 5,250 · Positive source sentiment · 2025-01-20Q3 FY25Q4 FY25: 5,447 · Watch source sentiment · 2025-04-01Q4 FY25Q1 FY26: 3,517 · Watch source sentiment · 2025-07-15Q1 FY26Q2 FY26: 5,181 · Positive source sentiment · 2025-10-24Q2 FY26Q3 FY26: 5,501 · Positive source sentiment · 2026-01-15Q3 FY26Q4 FY26: 5,872 · Positive source sentiment · 2026-04-30Q4 FY265,8723,517
Values are taken from the available verified source records; sentiment color is a separate source-read indicator.

Quarter read

What the record says.

Bank of Baroda reported Q1 FY26 net profit of INR 4,541 crore (+1.9% YoY) and operating profit of INR 8,236 crore (+15% YoY). Domestic advances grew 12.4% YoY, driven by RAM (retail +17.5%, agri +16.2%, MSME +13.1%), while corporate loans grew only 4.2%. NIM stood at 2.91% (down 7bps QoQ), supported by a low cost of deposits at 5.05% and CASA ratio of 39.33%. Asset quality remained robust with GNPA at 2.28% and NNPA at 0.64%. Slippages were higher at INR 3,500 crore due to one international account and marginal personal loan stress. Management guided for NIM of 2.85%-3% for FY26, with Q2 still under pressure but improvement from Q3. Key risks include further margin compression from asset repricing and potential stress in the international book.

Colored figures show movement against the previous available record.

Guidance to track

  • Management expects full-year NIM in the range of 2.85%-3%, with Q2 under pressure but improvement in H2.
  • Management aims to grow corporate book at 9%-10% for the full year, despite muted Q1 growth of 4.2%.
  • Management expects cost of deposits to moderate by 15-17bps by September quarter due to repricing of maturing deposits.
  • Management expects to exceed internal recovery target of INR 10,000 crore for the full year.

Risks flagged

  • With 50bps repo rate cut in June, full impact on EBLR-linked loans will be felt in Q2, potentially pressuring NIM further.
  • A large international account slipped to NPA; resolution under CNC process may take 210 days, with 40% provision already made.
  • Analyst raised concern about rising slippages in personal loan and MSME; management acknowledged marginal increase but downplayed risk.
  • Analyst noted that ROA of 1.03% included substantial treasury gains; without them, maintaining 1% ROA may be challenging.

Key quotes

  • The bank business model is working on a sustainable and a consistent and a stable outlook model.
  • We are the only bank to get into an ROA more than one, that is in September 2022. So I'm at an elevated level.
  • The account is a secured advances having a coverage much more than one... We do not see any challenge on this account, and we think we can recover the amount in full.

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