Today Bank of Baroda share price was trading up 7.55%. This is because the bank posted good numbers in its FY22 Q3 results.
Bank of Baroda’s net profit increased by 107% on a year-on-year basis. The net interest income of the company also increased by 14.38% on a year-on-year basis.
The most important metric for banks is their asset quality and Bank of Baroda showed improvement in its asset quality in quarter 3.
The company’s Provisions and Contingencies have come down by 27.33% which is a very positive sign for Bank of Baroda.
In this quarter, the company’s net NPA was recorded at 2.25, which was 2.83% in the previous quarter. The company’s gross NPA also declined by 86 basis points on a quarter-on-quarter basis and by 123 basis points on a year-on-year basis.
The stock price of Bank of Baroda witnessed a sharp rise today due to Improved Asset Quality and Strong Revenue Numbers.
Bank of Baroda share: Financials
|52 Week High||117.20|
|52 Week Low||61.75|
|Mkt Cap (Rs. Cr.)||58,410|
|Book Value Per Share||160.16|
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|Net Profit 2021 (Rs. Cr.)||1,454|
|Revenue 2021 (Rs. Cr.)||74,313|
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This article is only for education purpose and the author has his own views and research, so if you invest in these stocks then do it at your own risk and do the research yourself before investing.
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