Bank Of Baroda has informed the Exchange about Analyst Meet Transcript
BANKBARODA · price
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Bank of Baroda held an in-person analyst meet on 7th May 2025 with MD & CEO Debadatta Chand, EDs, and CFO Manoj Chayani to discuss Q4 and full-year FY25 results. The bank reported its highest-ever standalone PAT of ₹19,581 crore and consolidated PAT of over ₹20,700 crore for FY25, with full-year operating profit at ₹32,435 crore. Global advances grew 12.8% (beating the 11-13% guidance), driven by retail at 19.4% and MSME/Agri at 14.2%, while personal loan growth was moderated to 21% from ~100% earlier. Deposits grew 10.3% within the 9-11% guidance, with CASA at a healthy 39.97%. Asset quality hit a 13-year best, with GNPA falling to 2.26%, net NPA to 0.58%, and credit cost at 0.47% (well below the 0.75% guidance). Full-year NIM stood at 3.02%, though Q4 NIM dipped to 2.86% from 2.94% QoQ due to repo cuts and higher deposit costs. The board recommended a dividend of ₹8.35 per share; book value per share rose to ₹223 from ₹106 five years ago.
Strong full-year numbers and best-in-13-years asset quality are positives, but management's admission of likely Q1 NIM pressure and withdrawal of full-year margin guidance may weigh on sentiment in the near term. The December guidance cut of 5 bps was already absorbed by the market, so the key risk is whether NIM can hold above 3% for FY26 — which management believes is achievable by Q2-Q4 once deposit repricing kicks in. Stable dividend, rising book value, and consistent execution remain supportive for long-term shareholders.