Media Meet Transcript
Awaiting price reaction for this filing.
Bank of Baroda held a media meet on 6 May 2025 to discuss its Q4 and full-year FY25 results. Total business crossed ₹27 lakh crore, with global advances growing 12.8% (domestic 13.7%) and deposits up 10.3%. Standalone FY25 PAT was ₹19,581 crore; consolidated profit exceeded ₹20,000 crore for the first time. ROA stood at 1.16% and ROE at 16.96%. NIM came in at 3.02%, within the guided range of 3-3.10%. Asset quality hit a 13-year best, with GNPA falling to 2.26%, net NPA to 0.58%, and credit cost at 0.47%. CRAR improved to 17.19% and the bank proposed a dividend of ₹8.35 per share. Management guided that margin pressure will continue in Q1-Q2 FY26 due to lag effect on deposit costs after the 50 bps repo cut, but expects improvement in Q3-Q4. Credit growth guidance was maintained at 11-13% with an upside bias of 1-2%.
Strong asset quality improvement and steady profitability at a top-quartile public sector bank should be positive for shareholder confidence. However, near-term NIM pressure in the first half of FY26 from elevated deposit costs may cap upside, though the management's clear timeline for margin recovery in H2 provides visibility. The proposed dividend of ₹8.35/share is supportive for income-focused investors.