BANKBARODA · Financial Services
Bank of Baroda reported total income of ₹35,115 cr for April to June 2026, +6.8% on the year and +1.7% on the quarter. That is in line with how this quarter has grown in recent years (+8.4% on average). It is the highest quarterly income in the last 12 quarters on record. Over the last four quarters income comes to ₹1.37 lakh cr, +4.9% on the four before.
Net interest income, interest earned less interest paid, was ₹13,813 cr, +10.0% on the year and +0.5% on the quarter. For a lender this is the core earnings line: it shows whether the loan book and its pricing are growing faster than the cost of funds.
Net profit was ₹1,573 cr, −55.3% on the year and −73.2% on the quarter, with earnings per share of ₹3.45. The tax rate was 29% against an average of 24% over the previous 8 quarters, which weighed on profit this quarter. Profit over the last four quarters totals ₹18,016 cr, −8.2% on the four before.
A bank's quarter turns on loan growth, the margin it earns over its cost of deposits, and credit costs. Total income and profit are in the statements; bad loans, provisions and the net interest margin come from the filing. The quarterly statements do not carry gross and net NPA, provision cover, credit cost and NIM; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
An exceptional item is a large part of pre-tax profit. What was it?
Exceptional −₹5,680 cr against profit before tax of ₹2,206 cr.
Source: Results filing
Could not run on this quarter: Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed, Asset quality (lenders), Net interest margin (lenders). Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Metric | Q1 FY27 | Q2 FY26 |
|---|---|---|
| NIM | 2.77% | 2.96% |
| Gross NPA | 1.99% | 2.16% |
| Net NPA | 0.5% | 0.57% |
| Provision cover | 93.28% | 93.21% |
| Slippage ratio | 0.91% | 0.91% |
| Credit cost | 0.29% | 0.29% |
| CASA | 37.72% | 38.42% |
| CET1 | 13.16% | 13.36% |
| Capital adequacy | 15.82% | 16.54% |
| Cost to income | 49.19% | 51.02% |
| Fresh Slippages (₹ crore) | 3,183 | 2,669 |
| Global Gross Advances (₹ crore) | 1,416,898 | 1,278,847 |
| Global Deposits (₹ crore) | 1,633,558 | 1,500,012 |
Read using the Banks framework (named in the filing read). Primary valuation lens: P/B against RoA.
Read more closely in this sector: Restructured book against NPA movement · Top-20 borrower concentration · Lending to related parties · Any change in provisioning or write-off policy · Write-offs against slippages.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹30,042 cr | ₹31,072 cr | ₹31,143 cr | ₹31,902 cr | ₹32,570 cr | ₹32,820 cr | ₹32,866 cr | ₹33,318 cr | ₹33,600 cr | ₹34,514 cr | ₹35,115 cr | ₹37,021 cr |
| YoY | — | — | +11% | +9% | +8% | +6% | +6% | +4% | +3% | +5% | +7% | +11% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | −₹5,680 cr | — |
| Tax rate | 27% | 29% | 28% | 27% | 26% | 23% | 35% | 24% | 23% | 7% | 29% | 28% |
| Net profit | ₹4,815 cr | ₹5,160 cr | ₹4,764 cr | ₹5,405 cr | ₹5,250 cr | ₹5,447 cr | ₹3,517 cr | ₹5,070 cr | ₹5,501 cr | ₹5,872 cr | ₹1,573 cr | ₹6,639 cr |
| YoY | — | — | +7% | +22% | +9% | +6% | −26% | −6% | +5% | +8% | −55% | +31% |
| EPS | ₹9.26 | ₹9.92 | ₹9.14 | ₹10.36 | ₹10.08 | ₹10.48 | ₹6.71 | ₹9.93 | ₹10.53 | ₹11.22 | ₹3.45 | ₹13.03 |
| Flags | · | · | · | · | · | · | · | · | · | 1 | 1 | 3 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Bank of Baroda reported total income of ₹35,115 cr (+6.8% on the year) and net profit of ₹1,573 cr (−55.3% on the year) for April to June 2026.
1 check raised a question: An exceptional item is a large part of pre-tax profit. What was it?
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