Bank of Baroda Q3 Results Preview: Net profit likely to rise 9% as credit cost remains steady

Bank of Baroda Q3 FY24 Results Preview: State-run lender Bank of Baroda is estimated to report a 9.0 per cent year-on-year increase in standalone net profit to Rs 4,200 crore for the October-December period, according to Zee Business research.

Bank of Baroda Q3 FY24 Results Preview: Bank of Baroda, the country's second largest public sector lender by market capitalisation (mcap), is all set to report its quarterly financial results on Wednesday, January 31. Analysts widely expect branch expansion and wage revisions to raise the operating cost for the lender though lower slippages and stable credit costs may aid its profitability.

According to Zee Business research, Bank of Baroda is estimated to report a standalone net profit of Rs 4,200 crore for the October-December period, translating into an increase of 9.0 per cent compared with the corresponding quarter a year ago. The analysts expect the lender to register growth of 21. per cent in its net interest income, or the difference between interest earned and interest paid, to Rs 11,044 crore for the fiscal third quarter.

(This story will be updated shortly)