Bank of Baroda Q3 Results: Profit rises, asset quality improves; loan growth beats guidance

State-run lender Bank of Baroda Ltd posted a stable set of numbers for the December quarter, marked by modest profit growth, resilient asset quality metrics and loan book expansion that came in above management guidance.

Net profit rose 4.5% year-on-year to ₹5,054 crore, compared with ₹4,837 crore in the same quarter last year. Net interest income remained largely flat at ₹11,800 crore, up marginally from ₹11,786 crore a year ago.

Asset quality continued to improve, with gross non-performing assets

easing to 2.04% from 2.16% sequentially. Net NPA stood unchanged at 0.57% quarter-on-quarter.

Collection efficiency, excluding agriculture, remained strong at 98.63% as of December 2025. Provision coverage ratio under NCLT accounts was reported at a healthy 99.66%.

Segment-wise asset quality remained comfortable, with gross NPA ratios at 1.19% for housing loans (ex-pool), 1.75% for auto loans (ex-pool), 4.42% for personal loans and 0.56% for retail gold loans.

The bank’s loan book grew 14.6% year-on-year to ₹13.43 lakh crore, exceeding management’s guidance of 11–13% growth. Sequentially, advances rose 5.1%. Domestic advances increased 13.54% year-on-year to ₹10.95 lakh crore. Deposits also grew 10.3% year-on-year to ₹15.46 lakh crore during the quarter.

Bank of Baroda continued to exceed regulatory norms under priority sector lending, with total priority sector advances at 40.45% of adjusted net bank credit. Agriculture, small and marginal farmers, weaker sections and micro enterprises lending all stood above mandated thresholds.

The bank’s card business also showed steady traction. Active BOB Cards increased to 30.68 lakh as of December 31, 2025, while card spends for the first nine months of FY26 rose 17.3% year-on-year to ₹31,101 crore.

Ahead of the earnings announcement, shares of Bank of Baroda Ltd closed at ₹300 on the NSE, down 0.81%.