Bank of India Q3 FY2025: Net Profit Rises 35% to ₹2,517 Crore Amid Strong Operational Growth
Financial Highlights
Bank of India reported a **35% YoY jump in net profit** to ₹2,517 crore for Q3 FY2025, up from ₹1,870 crore in Q3 FY2024. This growth was driven by reduced bad loans, higher interest income, and improved operational efficiency.
Key Metrics
- Total Income: ₹19,957 crore (up 21.6% YoY from ₹16,411 crore).
- Net Interest Income (NII): ₹6,070 crore (11% YoY growth from ₹5,463 crore).
- Operating Profit: ₹3,703 crore (23.3% YoY increase from ₹3,004 crore).
- Non-Interest Income: ₹1,746 crore (46% YoY surge, led by treasury gains and recoveries).
Asset Quality Improvement
The bank’s asset quality saw significant enhancement:
- Gross NPAs: Declined to 3.69% (vs. 5.35% YoY), with absolute GNPA down 20.47% YoY to ₹24,048 crore.
- Net NPAs: Reduced to 0.85% (vs. 1.41% YoY), with absolute NNPA down 29.07% YoY to ₹5,410 crore.
- Provision Coverage Ratio (PCR): Improved to 92.48% (from 89.95% YoY).
Business Growth
- Loan Growth: Global advances rose 15% YoY to ₹6.51 lakh crore, driven by retail (21.22%), agriculture (18.46%), and MSME (16.36%) segments.
- Deposit Growth: Global deposits increased 12% YoY to ₹7.94 lakh crore, though CASA ratio dipped to 41.05% (from 43.88% YoY).
- Global Business: Expanded 13.62% YoY to ₹14.46 lakh crore.
Margins and Capital Position
- Net Interest Margin (NIM): Moderated slightly to 2.80% (vs. 2.85% YoY).
- Capital Adequacy Ratio (CRAR): Stable at 16%, with CET-1 ratio at 12.96%.
Market Response
Shares closed 1.5% lower at ₹98.30 on the BSE, reflecting investor caution despite strong results. The bank maintains its FY2025 net profit guidance of ₹8,000 crore.
Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. Consult a qualified financial advisor before making investment decisions.
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