Bank of Baroda likely to post a net profit of Rs 625 crore in December quarter
NEW DELHI: Bank of Baroda which is scheduled to report its results for the quarter ended December 31 on Friday, may post a net profit of Rs 625 crore, according to a poll conducted by ET NOW.
The government-owned Bank of Baroda (BoB) posted a net loss of Rs 3,342 crore in the corresponding quarter of last year.
The net interest income (NII) is likely to increase by 24 per cent on a YoY basis to Rs 3,354 crore for the quarter ended December, compared with Rs 2,705 crore reported in the corresponding quarter of last fiscal.
Pre provision profit (PPP) or profits before deducting any provisions is likely to rise by 46.3 per cent on year-on-year basis. PPP is expected to have grown to Rs 2,493 crore, up 46.3 per cent YoY in the third quarter of the current financial year, as compared to Rs 1,704 crore reported in the year-ago period.
The net interest margins (NIMs) are likely to dip sequentially. The non performing assets (NPAs) may rise marginally on a QoQ basis, but provisions are likely to remain high. Trading gains are likely to support profits.
The government-owned Bank of Baroda (BoB) posted a net loss of Rs 3,342 crore in the corresponding quarter of last year.
The net interest income (NII) is likely to increase by 24 per cent on a YoY basis to Rs 3,354 crore for the quarter ended December, compared with Rs 2,705 crore reported in the corresponding quarter of last fiscal.
Pre provision profit (PPP) or profits before deducting any provisions is likely to rise by 46.3 per cent on year-on-year basis. PPP is expected to have grown to Rs 2,493 crore, up 46.3 per cent YoY in the third quarter of the current financial year, as compared to Rs 1,704 crore reported in the year-ago period.
The net interest margins (NIMs) are likely to dip sequentially. The non performing assets (NPAs) may rise marginally on a QoQ basis, but provisions are likely to remain high. Trading gains are likely to support profits.
