Bank of Baroda Q4FY23 Results: Standalone PAT Rises to Rs 5255.17 Cr

Bank of Baroda Bank Limited. Q4 results show revenue rise from 30352.67 to 32528.06 crores, a 7.17% increase in growth. EPS also rise from Rs.8.33 to Rs.10.16, up by 21.97%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Bank of Baroda Bank shared its Q4 results on Wednesday. They earned 32528.06 crores in revenue this quarter, but that’s more than the 30352.67 crores they made last quarter. The bank’s growth increased by 7.17 percent when comparing the two quarters.

In terms of profits, Bank of Baroda Bank’s PAT (Profit After Tax) for this quarter was 5255.17 crores, up from 4305.66 crores in the previous quarter. Their quarter-to-quarter growth inclined by 22.05 percent.

The Bank’s EPS (Earnings Per Share) this quarter is Rs.10.16, which is an increase of 21.97% from the Rs.8.33 EPS in the previous quarter.

In addition, Bank’s net NPA (Non-Performing Assets) increased to 0.89% this quarter from 0.99% in the previous quarter, resulting in a 10 basis point increase in the bank’s net NPA.

Also read: ☞ ” Redington Q4FY23 Results: Consolidated PAT Down at Rs 310.10 Cr “

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The bank made a total revenue of 32528.06 crores this year (2023), which is 44.76 percent higher than last year’s total revenue of 22470.46 crores.

This Year’s PAT (Profit After Tax) is 5255.17 crores, which is also 158.68% higher than last year’s PAT of 2031.55 crores.

The EPS (Earnings Per Share) for this year is 10.16 crores, which is 158.52% more than the EPS of 3.93 crores earned last year.

The Bank’s total deposit base grew to Rs. 12,03,687.79 crores as of March 31, 2023. The CASA deposit, which is the cheapest source of funds, increased by 13.11% year-on-year.

Bank’s gross NPA (Non-Performing Assets) dropped to 3.79% this year from 6.61% in the previous year, resulting in a decrease of 282 basis points in the bank’s gross NPA.

In addition, the bank’s net NPA (Non-Performing Assets) decreased to 0.89% this year from 1.72% in the previous year, resulting in an 83 basis point decrease in the bank’s net NPA.

The CAR (capital adequacy ratio) of the bank increased to 16.73 percent this year from 16.19 percent in the previous year.

The ROA (return on assets) of the bank increased to 1.03 percent in this quarter from 0.60 percent in the previous year.

The bank earns the most revenue from its Discount Bills and Income on Investments segments, which are its two major revenue sources.

Bank of Baroda Bank Share Dividend Announcement / Record Date:

The Board of Directors has declared a Final Dividend of ₹5.50 per Equity Share of Face Value of ₹2 for each of the bank (275% of Face Value). Total Dividend for FY23 stood at ₹2.85 per Equity Share (Interim Dividend of ₹10 per Equity Share)

The record date for the dividend has not arrived yet.

Bank of Baroda Bank:

Bank of Baroda, based in Vadodara, Gujarat, is an Indian public sector bank. It holds the distinction of being the second-largest public sector bank in India, surpassed only by the State Bank of India. With an extensive customer base of 153 million, the bank’s total business volume amounts to an impressive US$218 billion. Additionally, Bank of Baroda maintains a global presence with 100 overseas offices, solidifying its position as a significant player in the banking industry in India and across the world.

Download Full PDF Q4 Results of Bank of Baroda: Click Here

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