Bank of Baroda reported a net profit of about Rs 6,532 crore for July to September, its highest ever for a quarter and about 36% above a year earlier, according to reports on October 30.
The headline owes a lot to non-lending income. Treasury income rose to Rs 4,093 crore from Rs 1,086 crore, aided by the sale of the bank’s shares in the NSE through its IPO, and such gains do not recur predictably.
The core business grew more modestly. Net interest income rose 9% to Rs 13,026 crore, and the net interest margin slipped 3 basis points to 2.74%. Provisions rose 93% from a year earlier, although they were far below the first quarter’s Rs 6,323 crore.
Asset quality improved, with gross non-performing assets at 1.78%, which is the number to watch for the next quarter.
Net interest income, the difference between what the bank earns on loans and pays on deposits, grew 9% to Rs 13,026 crore, according to Zeebiz and inkl.
Net interest margin fell 3 basis points from the previous quarter to 2.74%, according to the reports. A basis point is one hundredth of a percentage point.
Provisions rose 93% from a year earlier to Rs 2,382 crore, but were below the Rs 6,323 crore booked in the first quarter of 2026-27, according to the reports.
Gross non-performing assets, the share of loans that borrowers are not repaying on time, improved to 1.78%, according to the reports.
Net profit for the first half of 2026-27 was about Rs 7,810 crore, according to the reports.
Zeebiz says the profit beat analyst estimates.
One report ties the quarter to a legal settlement with the NMC Group, which would be a cost and not a gain. The other reports did not mention it, so it is not treated as part of the headline numbers here.
Bank of Baroda branch at MG Road, Bengaluru (file image), Wikimedia Commons, CC BY-SA 4.0