Analyst Meet Transcript
Awaiting price reaction for this filing.
Bank of Baroda held its analyst meet on May 7, 2025, discussing Q4 and full-year FY25 results. The bank posted its highest-ever standalone profit of Rs 19,581 crore and consolidated profit above Rs 20,700 crore, with global business crossing Rs 27 trillion. Domestic advances grew 13.7% led by retail at 19.4%, while deposits grew 10.3% and CASA ratio held steady at 39.97%. Full-year NIM came in at 3.02% (domestic 3.18%), below the earlier 3.05% guidance after a Q4 dip to 2.86%. Asset quality was among the best in 13 years, with gross NPA at 2.26%, net NPA at 0.58%, and credit cost at 0.47% (well below the 0.75% guidance). For FY26, the bank guided 11–13% loan growth and 9–11% deposit growth but declined to give a full-year NIM target, flagging near-term pressure in Q1 before expecting recovery from Q2 onwards.
Record profits, healthy loan growth, and steadily improving asset quality are positive signals for shareholders. However, expected NIM compression in Q1 FY26 and the management's refusal to commit to a full-year NIM guidance may keep the stock range-bound in the near term.