Bank of Baroda's PAT increases two-folds to Rs1,061cr in Q3 FY22, stock zooms over 7%

7 Feb 2022 , 12:35 PM

Bank of Baroda Ltd. announced its results for the quarter ending December 2021. The bank reported good set of numbers in the overall avenues. Its operating profit stood at Rs 5,483 crore for the quarter ended December 2021 as against Rs 5,084 crore for the previous corresponding quarter, reporting 7.85% YoY growth.

Its PBT stood at Rs 2,976 crore for the quarter ended December 2021, as against Rs 1,634 crore for the previous corresponding quarter, reporting a growth of 82.13% YoY. While PAT for Q3 FY’22 reported at Rs 2,197 crore against Rs 1,061 crore for Q3 FY’21, gaining 107.17% YoY.

The bank’s Net Interest Income for the quarter ended December 2021 stood at Rs 8,552 crore against Rs 7,477 crore for the quarter ended December 2020, registering a growth of 14.38% YoY.

Its GNPA ratio improved by 123 bps in the quarter ended December 2021 at 7.25% as against 8.48% in the previous corresponding quarter. While Capital Adequacy Ratio gained 254 bps at 15.47% for Q3 FY’22.

Bank’s Domestic CASA deposits stood at Rs 3,88,169 crore for Q3 FY’22 as compared to Rs 3,43,937 crore for Q3 FY’21, up by 12.86% YoY. Out of this total domestic saving deposits were reported at Rs 3,22,909 crore against Rs 2,87,393 crore for the corresponding quarter, gaining 12.36% YoY. Domestic CASA Ratio stood at 44.28%, and the Global CASA ratio stood at 41.98%.

Gross Domestic Advances reported at Rs 6,54,315 crore for the quarter ended December 2021 against Rs 6,33,039 crore, registering a growth of 3.36% YoY.

At around 12.40 pm, BOB was trading at Rs 114.70 against its previous closing price of Rs 106.50, up by Rs 8.15 or 7.65%. It has touched day’s high of Rs 117.20.