Public sector lender Bank of Baroda will soon announce its financial results for the quarter that ended Dec. 31, 2024. The bank in a filing to the exchanges has already confirmed the schedule for announcing the Q3 results.
Established in 1908, the Bank of Baroda is the second largest public sector bank after the State Bank of India. The lender has a market cap of over Rs 1.15 lakh crore. Here is everything you need to know about Bank of Baroda Q3 results.
Bank Of Baroda Q3 Results: Date And Time
Bank of Baroda said that it will announce its financial results for the December 2024 quarter on Thursday, Jan 30.
"We advise that a meeting of Board of Directors of Bank of Baroda will be held on Thursday, 30th January 2025 at Bank's Corporate Office, BKC, Mumbai inter-alia to consider and approve the Un-audited (Reviewed) Standalone & Consolidated Financial Results of the Bank together with relevant segment reporting, for the quarter ended 31st December 2024," the lender said in a Jan. 20 stock exchange filing.
Bank of Baroda will also hold a media meeting over a video call at 5 p.m. on Jan. 30 to discuss the Q3 results, it said in a filing on Jan. 24. Subsequently, an investor and analysts' call will be held at 6 p.m. on the same day to discuss the Q3 performance.
Bank of Baroda's senior management, including Managing Director and Chief Executive Officer Debadatta Chand, Chief Financial Officer Manoj Chayani, and Executive Directors Lal Singh, Lalit Tyagi, Sanjay Vinayak Mudaliar, and Beena Vaheed, will represent the state-owned lender during the analyst call.
Bank Of Baroda Share Price History
Over the past five trading sessions on the NSE, shares of Bank of Baroda have dipped 2.3% while declining 7% over a month. The stock has dipped nearly 13% over six months and 4.38% in a year.
At 2:37 p.m. on Tuesday, Bank of Baroda shares were trading 2% higher at Rs 224 apiece on the NSE as compared to a 1.32% rise in the benchmark NSE Nifty 50.
Bank Of Baroda Q2 Results
Bank of Baroda reported a 23% year-on-year increase in net profit for the July-September 2024 quarter at Rs 5,238 crore as compared to Rs 4,253 crore in the same period last year. The bank's gross non-performing assets (NPA) ratio improved to 2.5%, down from 3.32% a year ago. The net NPA also saw a decline, improving to 0.60% from 0.76% a year ago. Net interest income rose by 7.3% to Rs 11,622 crore.
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