Bank of Baroda reported an 11.3% year-on-year rise in net profit for the fourth quarter, supported by steady growth in net interest income and improvement in asset quality.
The public sector lender posted a net profit of Rs 5,616 crore for the March quarter compared to Rs 5,048 crore in the corresponding period last year.
Net interest income (NII) rose 9% year-on-year to Rs 12,494 crore against Rs 11,494 crore reported a year ago.
Operating profit for the quarter increased 11.5% to Rs 9,069 crore from Rs 8,132 crore in the year-ago period.
The bank also reported improvement in its asset quality metrics during the quarter. Gross non-performing assets (Gross NPA) declined to 1.89% from 2.04% in the December quarter, while Net NPA eased to 0.45% from 0.57% quarter-on-quarter.
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However, provisions and contingencies rose sharply during the quarter. Provisions stood at Rs 3,150 crore compared to Rs 799 crore in the previous quarter and Rs 1,552 crore in the same quarter last year.
Along with the earnings announcement, Bank of Baroda declared a dividend of Rs 8.50 per equity share for FY26, subject to shareholder approval. The bank has set a record date of June 5, 2026 for the purpose of dividend payment.
The bank's board also approved plans to raise up to Rs 6,000 crore through issuance of Additional Tier-I and Tier-II bonds to strengthen its capital base and support future growth requirements.
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