Bank of Baroda Q2 Results: Standalone profit jumps 36% YoY to Rs 6,532 crore; NII up 9

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Net profit for the first half of FY27 (H1FY27) stood at Rs 7,810 crore.

Net interest income (NII), the difference between interest earned and interest paid, for the quarter increased 9% YoY to Rs 13,026 crore, while non-interest income surged 95.8% YoY to Rs 6,881 crore.

For H1FY27, NII stood at Rs 25,551 crore, up 9.2% YoY, while non-interest income increased 26.4% to Rs 10,351 crore.

The bank's operating profit rose 50.9% YoY to Rs 11,430 crore in Q2FY27. For H1FY27, operating profit stood at Rs 19,557 crore, registering a growth of 23.7% YoY.

Global net interest margin (NIM) stood at 2.74% during the quarter. Return on Assets (ROA) improved by 19 basis points (bps) YoY to 1.26%, while Return on Equity (ROE) increased by 363 bps YoY to 19.28%.

Bank of Baroda Q2: Asset Quality

On the asset quality front, Bank of Baroda reported an improvement in its gross non-performing assets (GNPA) ratio, which declined to 1.78% in Q2FY27 from 2.16% in Q2FY26.

The net NPA (NNPA) ratio improved by 20 bps YoY to 0.37%. The slippage ratio declined by 22 bps YoY to 0.69% during the quarter, while the credit cost stood at 0.55%.

The bank's provision coverage ratio (PCR), including technical write-offs (TWO), improved by 144 bps YoY to 94.65%. Excluding TWO, the PCR improved by 535 bps to 79.48%.

Bank of Baroda Q2: Business Performance

On the business front, the bank's global advances increased 18.3% YoY to Rs 15,12,448 crore as of September 2026. Domestic advances grew 13.5% YoY to Rs 11,87,944 crore, while international advances registered a growth of 39.7% to Rs 3,24,504 crore.

Global deposits increased 16.4% YoY to Rs 17,45,435 crore, while domestic deposits grew 16.6% to Rs 14,83,521 crore.

Domestic CASA deposits registered a growth of 10.4% YoY to Rs 5,39,515 crore as of September 30, 2026. International deposits increased 14.9% YoY to Rs 2,61,915 crore.

Among key business segments, organic retail advances grew 18.6% YoY, driven by growth in auto loans (27.8%), mortgage loans (20.3%), home loans (14.6%) and education loans (9.9%).

The agriculture loan portfolio increased 19% YoY to Rs 2,01,946 crore, while the organic MSME portfolio grew 21.3% to Rs 1,75,207 crore. Corporate advances registered a growth of 6.3% YoY to Rs 4,25,736 crore.

Bank of Baroda Q2: Capital Adequacy

The bank's capital adequacy ratio (CRAR) stood at 16.61% as of September 2026. Tier-I capital stood at 14.70%, comprising CET-1 of 14.20% and additional Tier-I capital of 0.50%, while Tier-II capital stood at 1.91%.

The consolidated CRAR and CET-1 ratios stood at 17.01% and 14.65%, respectively. The quarterly average Liquidity Coverage Ratio (LCR) on a standalone basis stood at approximately 133.6%.

Bank of Baroda shares settled at Rs 238.50 apiece on the BSE on Friday, down 1.24% from the previous closing price.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here