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PSU Bank Stock to Track: Lender reports better-than-expected Q1 PAT, NII; asset quality worsens

PSU Bank Stock to Track: Lender reports better-than-expected Q1 PAT, NII; asset quality worsens

Bank of Baroda Q1 FY26 Earnings, BANKBARODA Shares: PSU lender Bank of Baroda on Friday reported a mixed set of earnings for the April-June period, with better-than-expected top-line and bottom-line but worsening asset quality. Its net profit grew 1.9 per cent on a year-on-year basis to Rs 4,541 crore while net interest income (NII) declined to Rs 11,435 crore from Rs 11,600 crore, according to a regulatory filing. 

According to Zee Business research, Bank of Baroda was estimated to register a net profit of Rs 4,170 crore with a net interest income of Rs 10,790 crore.

The bank’s global net interest margin (NIM)–a key measure of a financial institution’s profitability–declined by 7 basis points to 2.91 per cent compared with the previous quarter. 

Its domestic NIM contracted to 3.06 per cent from 3.16 per cent sequentially.  

Bank of Baroda Asset Quality Deteriorates | Non-performing assets rise sequentially

Bank of Baroda reported gross non-performing assets (NPAs) at 2.28 per cent of its total loans for the quarter ended June 30, rising from 2.26 per cent in the previous three months. 

Net non-performing assets–or net bad loans–increased to 0.6 per cent from 0.58 per cent three months ago. 

Provisions

The PSU bank’s provisions nearly doubled to Rs 1,967 crore on a year-on-year basis, and increased 26.7 per cent sequentially. 

Loans and deposits 

Bank of Baroda saw a 12.6 per cent increase in its global advances to Rs 12.07 lakh crore and a 9.1 per cent rise in its global deposits to Rs 14.35 lakh crore compared with the year-ago period.

ALSO READ: HDFC Bank Q1 FY26 Results: PAT beats forecasts at Rs 18,155 crore; first-ever bonus, Rs 5 dividend

Bank of Baroda shares vs Nifty50 vs Nifty Bank 

Earlier on Friday, Bank of Baroda shares–traded with the symbol BANKBARODA on stock exchanges BSE and NSE–declined 1.4 per cent to settle at Rs 243.5 apiece on BSE in a weak Mumbai market.

Bank of Baroda shares have risen about one per cent so far this year, underperforming gains of 4.6 per cent and 10.7 per cent in the Nifty50 and Nifty Bank respectively. 

India’s largest bank by assets, SBI is set to report its financial results on August 8. 

Doonited Affiliated: Syndicate News Hunt

This report has been published as part of an auto-generated syndicated wire feed. Except for the headline, the content has not been modified or edited by Doonited

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