Bank of Baroda Q1FY13 Result - First Cut - Microsec Research

Bank of Baroda (BOB) has announced its Q1FY13 result on 30th July 2012. Bank's total income decreased by 3.42% QoQ and increased by 21.47% YoY to INR3568.87 crores. Whereas, Profit After Tax (PAT) decreased by 24.99% QoQ and increased by 10.26% YoY to INR1138.86 crores. During the quarter, Net Interest Income (NII) and Other Income grew by 21.80% and 20.27% YoY to INR2798.07 and INR770.80 crores, boosted the bank's profitability.

On the assets quality front, bank's assets quality is still the matter of concern. NNPA and GNPA stood at 0.65% and 1.84%, increased by 11 and 31bps QoQ and 21 and 38bps YoY respectively. However, bank continues to be well capitalized to support its growth trajectory, Capital Adequacy Ratio (CAR) of the bank stood at 13.74%. On the margin front, Net Interest Margin (NIM) stood at 3.22%, decreased by 22bps QoQ and 17bps YoY respectively. Provision Coverage Ratio (PCR) stood at 79.02%.

Source : Equity Bulls

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