Bank of Baroda Q3FY23 Results: PAT ₹4305.66 Cr consolidated

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Bank of Baroda Ltd releases Consolidated Financial Results for December 31, 2022.

Financial Results (Q3 FY2023) – Quarter-over-Quarter Comparison:

Total income of Bank of Baroda Ltd is Rs.30352.67 Crores (December 31, 2022) vs. Rs.26320.49 Crores (September 30, 2022)

Net profit/loss: Rs.4305.66 Crores (December 31, 2022) vs. Rs.3400.47 Crores (September 30, 2022)

EPS: Rs.8.33 (December 31, 2022) vs. Rs.6.58 (September 30, 2022)

FinancialsQ3 FY2023Q2 FY2023% Change
Total Income₹30352.67 Cr₹26320.49 Cr⬆ 15.32%
Net Profit₹4305.66 Cr₹3400.47 Cr⬆ 26.62%
EPS₹8.33₹6.58⬆ 26.60%

Financial Results (Q3 FY2023) – Year-over-Year Comparison:

Total income of Bank of Baroda Ltd is Rs.30352.67 Crores (December 31, 2022) vs. Rs.22072.99 Crores (December 31, 2022)

Net profit/loss: Rs.4305.66 Crores (December 31, 2022) vs. Rs.2463.75 Crores (December 31, 2022)

EPS: Rs.8.33 (December 31, 2022) vs. Rs.4.76 (December 31, 2022)

FinancialsQ3 FY2023Q3 FY2022% Change
Total Income₹30352.67 Cr₹22072.99 Cr⬆ 37.51%
Net Profit₹4305.66 Cr₹2463.75 Cr⬆ 74.76%
EPS₹8.33₹4.76⬆ 75%

Financial Results (9 Months Ended FY2023) – Year-over-Year Comparison:

Total income of Bank of Baroda Ltd is Rs.78249.92 Crores (December 31, 2022) vs. Rs.65309.73 Crores (December 31, 2021)

Net profit/loss: Rs.9650.03 Crores (December 31, 2022) vs. Rs.5818.14 Crores (December 31, 2021)

EPS: Rs.18.66 (December 31, 2022) vs. Rs.11.25 (December 31, 2021)

Financials9 Months Ended FY20239 Months Ended FY2022% Change
Total Income₹78249.92 Cr₹65309.73 Cr⬆ 19.81%
Net Profit₹9650.03 Cr₹5818.14 Cr⬆ 65.86%
EPS₹18.66₹11.25⬆ 65.87%

Asset Quality:

Asset QualityQ3 FY2023Q2 FY2023Q3 FY2022
Gross NPA₹41857.50 Cr₹46374.44 Cr₹55996.77 Cr
Gross NPA %4.53%5.31%7.25%
Net NPA₹8853.82 Cr₹9672.22 Cr₹16464.93 Cr
Net NPA %0.99%1.16%2.25%

Gross NPA of Bank of Baroda is was ₹41857.50 crs in Q3 FY2023, down from ₹55996.77 crs in Q3 FY2022 and ₹46374.44 crs in Q2 FY2023.

Net NPA was ₹8853.82 crs in Q3 FY2023, a decrease from ₹16464.93 crs in Q3 FY2022 and ₹9672.22 crs in Q2 FY2023.

As of December 31, 2022, GNPA was 4.53% of Gross advances, compared to 7.25% on December 31, 2021 and 5.31% on September 30, 2022.

As of December 31, 2022, Net NPA was 0.99% of Gross advances, a decrease from 2.25% on December 31, 2021 and 1.16% on September 30, 2022.

RatiosQ3 FY2023Q2 FY2023Q3 FY2022
RoA %1.13%1.01%0.74%
CAR (BASEL III) %14.93%15.25%15.47%

Q3 FY2023’s Return on Average Assets (RoA) was 1.13%, up from 1.01% in Q2 FY2023 and 0.74% in Q3 FY2022.

In Q3 FY2023, the Bank’s Capital Adequacy Ratio (CAR) was 14.93%, down from 15.25% in Q2 FY2023 and 15.47% in Q3 FY2022.

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