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Bank of Baroda reports over 2-fold jump in Q1 consolidated net profit

05 Aug 2023 Evaluate

Bank of Baroda has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The Bank has reported 87.72% rise in its net profit at Rs 4070.07 crore for the quarter under review as compared to Rs 2168.13 crore for the same quarter in the previous year. Total income of the bank increased by 48.50% at Rs 29878.07 crore for Q1FY24 as compared Rs 20119.52 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported over 2-fold jump in its net profit at Rs 4452.10 crore for the quarter ended June 30, 2023 as compared to Rs 1943.90 crore for the same quarter in the previous year. Total income of the bank increased by 54.42% at Rs 33318.13 crore for Q1FY24 as compared Rs 21576.76 crore for the corresponding quarter previous year.

Peers
Company Name CMP
State Bank Of India 957.25
PNB 112.00
Bank Of Baroda 232.80
Canara Bank 117.65
Union Bank Of India 168.40
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