Bank of Baroda reports that its net profit for Q1 FY27 falls sharply, dropping about 72% to Rs 1,278 crore, primarily due to a one-time settlement related to the NMC Group. Multiple outlets cite the one-time impact as Rs 5,680 crore recognized during the April–June quarter. Compared with the year-ago period, when profit was Rs 4,541 crore, the bank’s reported earnings are heavily affected by this exceptional item.
Despite the decline in bottom-line profit, the bank’s core operating indicators show growth. Net interest income rises by roughly 9.5–10% year-on-year to about Rs 12,525 crore, and interest income increases by 6.8% year-on-year to Rs 33,211 crore. Operating profit before provisions and tax is reported around Rs 8,127 crore, slightly lower than the prior year quarter.
On asset quality, outlets report a mild sequential weakening: gross non-performing assets increase to 1.99% from 1.89%, and net non-performing assets rise to 0.50% from 0.45%. Provisions are lower in the quarter, falling to Rs 643 crore from Rs 3,150 crore in the preceding quarter.
