Mumbai, Nov 1
State-owned Bank of Baroda reported a mixed performance in Q2FY26, with an 8 per cent YoY decline in the net profit to Rs 4,809 crore, despite revenue growth and improved asset quality.
The net profit dipped 8.2 per cent YoY from Rs 5,238 in Q2 FY25, while it inched up 5.9 per cent on a quarterly basis. The H1FY26 net profit stood at Rs 9,351 crore, the bank said, adding that the operating profit for the quarter was Rs 7,576 crore, while for the half year it was Rs 15,812 crore.
Bank’s organic retail advances grew by 17.6 per cent, driven by strong growth across segments such as mortgage loans (19.8 per cent), auto loans (17.7 per cent), home loans (16.5 per cent), education loans (14 per cent), and personal loans (18.6 per cent).
On a year-to-date basis and a monthly basis, the stock has gained 15.27 per cent and 7.11 per cent, respectively.