Bank of Baroda (BANKBARODA) Q4 24/25 earnings summary

Executive summary

• Achieved record net profit of ₹19,581 crore for FY25, the highest ever, with consolidated profit at ₹20,716 crore; Q4 FY25 standalone net profit was ₹5,048 crore.

• Total global business surpassed ₹27 trillion, growing 11.4% year-over-year to ₹27,02,496 crore as of March 2025.

• Digital transformation accelerated, with 95% of transactions done digitally and significant growth in digital product adoption.

• Strong focus on sustainability, with new green finance initiatives, a 'Strong' ESG risk rating, and net zero emissions target by 2057.

• Audit reports for both standalone and consolidated results contain unmodified opinions, confirming compliance with regulatory and accounting standards.

Financial highlights

• Asset growth at 12.8% year-over-year; global deposits up 10.3% to ₹14,72,035 crore; global advances up 12.8% to ₹12,30,461 crore.

• Retail advances grew 19.4%, agriculture and MSME up 14.2%, corporate advances up 8.6%.

• Net interest income rose 2.1% year-over-year to ₹45,659 crore; non-interest income increased 14.8% to ₹16,647 crore.

• Operating profit for Q4 at ₹8,132 crore; FY25 operating profit at ₹32,435 crore.

• Board recommended dividend of ₹8.35 per share (face value ₹2), subject to approvals.

Outlook and guidance

• Guidance for FY26: deposit growth 9-11%, advances growth 11-13%.

• NIM expected to face pressure in Q1 due to rate cuts and liquidity changes, but anticipated to recover in Q2/Q3; full-year NIM expected to be maintained at FY25 levels.

• Net zero emissions target by 2057 and 40% reduction in Scope 1 & 2 emissions by 2029; renewable energy sector financing target set at 50% of total energy sector by 2029.

• Focus remains on maintaining asset quality and prudent growth, especially in retail and MSME.

• 29th AGM scheduled for 23 June 2025 via video conferencing.