Bank of Baroda Q3 Results: Net Profit Jumps To Rs 5,055 Cr, ROA Stays Above 1%; Asset Quality Wins

Today, Bank of Baroda (BoB) released its financial results for the quarter and nine months that ended on December 31, 2025. Strong profitability and steady asset quality underpin the bank's ongoing growth pace.

The bank produced a consistent profitability performance in Q3FY26, driven by strong income growth and stable margins. The quarter's net profit was Rs 5,055 crore, representing a 4.5% YoY growth. Net profit for 9MFY26 totalled a substantial Rs 14,405 crore.

With Q3FY26 NII reported at Rs 11,800 crore and NII for 9MFY26 reaching Rs 35,189 crore, net interest income remained strong. In addition, non-interest income increased 5.9% YoY to Rs 3,600 crore in Q3FY26, whereas Non-interest income climbed by 6.7% YoY to Rs 11,790 crore for the nine-month period, demonstrating the diversification of revenue sources beyond core lending.

Throughout the quarter, margins held steady. Global Net Interest Margin (NIM) improved to 2.88% for 9MFY26 from 2.79% in Q3FY26. Better yield management and enhanced domestic business performance were reflected in the stronger domestic NIM, which was 2.93% for the quarter and jumped to 3.03% for the nine-month period. Sustained operating leverage was demonstrated by the operating profit for Q3FY26 of Rs 7,377 crore and the operating profit for 9MFY26 of Rs 23,190 crore.

The bank's profitability profile was reinforced by the high return ratios. Return on Assets (ROA), which was 1.09% in Q3FY26 and 1.05% in 9MFY26, remained steadily over the 1% threshold. For Q3FY26 and 9MFY26, Return on Equity (ROE) was reported at 15.59% and 14.81%, respectively, indicating consistent shareholder returns and effective capital usage.

Throughout the quarter, asset quality continued to improve thanks to lower slippages and managed credit costs. From 2.43% in Q3FY25 to 2.04% in Q3FY26, the gross non-performing asset ratio showed a substantial drop in stressed assets. In Q3FY26, the net non-performing assets (NPA) ratio dropped significantly by 2 basis points YoY to 0.57%, indicating improved recoveries and cautious underwriting practices.

With a solid provision coverage ratio (PCR) of 72.21% without technical write-offs and 92.73% with them, the bank's balance sheet is nevertheless well-protected. A strong buffer against any hazards to asset quality is provided by this high level of provisioning. In Q3FY26, slippages dropped 4bps YoY and 5bps QoQ to 0.86%, while in 9MFY26, slippages were 0.79%, supporting a positive trend in credit quality and portfolio stability.

The bank reported a healthy expansion in its loan book during the period, driven by strong growth across both domestic and global operations. Domestic advances rose 13.6% year-on-year to Rs 10,96,557 crore, reflecting steady credit demand across key segments. Global advances grew at an even faster pace of 14.7% YoY, reaching Rs 13,44,904 crore, underlining the bank's improving international business traction and balanced growth strategy.

On the liabilities side, deposit growth remained robust, providing adequate funding support for credit expansion. Domestic deposits increased by 11.1% YoY to Rs 13,07,189 crore as of December 2025, while global deposits grew by 10.3% YoY to Rs 15,46,749 crore. Within this, domestic CASA deposits registered a healthy growth of 8.6% YoY and stood at Rs 5,02,560 crore as of 31 December 2025, reflecting stable low-cost deposit mobilisation despite a competitive rate environment. International deposits also showed steady traction, rising 5.7% YoY to Rs 2,39,560 crore in December 2025.

With 8,500 branches, 11,563 ATMs, and cash recyclers backed by self-service channels, Bank of Baroda is one of the largest banks in India. With a network of 80 overseas offices spread across 15 countries and 37 overseas associate branches, the bank has a substantial global footprint.