Shares of Bank of Baroda surged over 5 percent on Monday after the public sector lender reported a strong set of earnings in the second quarter of the financial year 2026-2027 (Q2 FY27), supported by robust core profitability, improving asset quality and by one-time gains from stake sale in largest equity bourse National Stock Exchange (NSE) during its initial public offering (IPO) and
Bank of Baroda shares opened at Rs 245 and jumped 5.11 percent on the BSE to touch an intra-day high of Rs 250.70, compared with the previous day closing of Rs 238.50. At around 12.30, the stock was trading 2.60 percent higher and quoting Rs 244.70.
Bank of Baroda reported a 31 percent jump in July-September quarter consolidated net profit at Rs 6,737.28 crore. On a standalone basis, the lender reported its highest-ever quarterly net profit of Rs 6,532 crore, registering a growth of 35.8 percent year-on-year.
The core net interest income, which represents the difference between interest earned and interest paid, went up by 9 percent to Rs 13,026 crore on the back of 18.3 percent growth in advances and a 0.22 percent compression in net interest margin at 2.74 percent.
Other income nearly doubled, rising 96 percent to Rs 6,881 crore, largely driven by gains associated with the NSE's listing. The bank booked a cash profit of Rs 1,340 crore from the partial sale of its NSE holdings and also recorded valuation gains on its remaining stake.