Bank of Baroda Q2 FY27 Profit Surges 35.8% to ₹6,532 Crore, Highest Ever
Bank of Baroda reported its highest ever quarterly net profit of ₹6,532 crore for Q2 FY27, a 35.8% YoY increase. Global business crossed ₹32 lakh crore. The bank revised its full-year credit growth guidance up to 13-15% and deposit growth to 11-13%. Asset quality improved with gross NPA at 1.78%.
The announcement details record profits, robust business growth, improved asset quality, and an optimistic forward-looking guidance, which are material factors that significantly influence investor perception and the company's valuation.
The bank reported record-breaking profits, significant YoY growth in key financial metrics, and improved asset quality, alongside an upward revision in future guidance, indicating strong financial performance and positive outlook.
Bank of Baroda announced its financial results for the quarter and half-year ended September 30, 2026. The bank reported a net profit of ₹6,532 crore for the quarter, marking a significant 35.8% year-on-year growth and achieving its highest ever quarterly profit. Operating profit for the quarter stood at ₹11,430 crore, a 50.9% YoY increase, also a record high. For the half-year ended September 2026, the bank's operating profit grew by 23.7% YoY to ₹19,557 crore, and net profit was ₹7,810 crore.
Global business crossed ₹32 lakh crore, with global advances growing 18.3% YoY and global deposits increasing by 16.4% YoY. Domestic advances grew by 13.5% and domestic deposits by 16.6% YoY. The bank saw strong growth in its RAM (Retail, Agriculture, MSME) advances, with organic retail book growing by 18.6%, agricultural loans by 19%, and organic MSME by 21.3%. Corporate loans grew by 6.3% YoY.
Asset quality remained robust, with gross NPA ratio improving to 1.78% and net NPA ratio reducing to 0.37%. The Provision Coverage Ratio (PCR) improved to 94.65%. The bank also made prudential provisioning of approximately ₹1,300 crore for NPA and bad debt, along with a ₹300 crore contingency provision.
The bank has revised its credit growth guidance upwards to 13-15% for the full year and deposit growth guidance to 11-13%. The Net Interest Margin (NIM) for the quarter was 2.74%, and for the half-year was 2.76%, with a positive outlook for the coming quarters.
During the quarter, the bank received a strong response to its FCNR(B) scheme, mobilizing USD 8.08 billion. The bank also launched its 'bob World 2.0' digital platform.
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