Bank of India's Q3 FY 2025-26 Quarterly Results
- 1d ago
Result Summary
- Bank of India reported a 3.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 6.4%.
- Its expenses for the quarter were up by 1.4% QoQ and 4.8% YoY.
- The net profit increased 9.3% QoQ and increased 6.7% YoY.
- The earnings per share (EPS) of Bank of India stood at 6.18 during Q3 FY 2025-26.
Financial Statments for Q3 FY 2025-26
Total Income | 21379.21 | 20739.87 | 20097.68 | 3.1% | 6.4% |
Total Expenses | 17123.64 | 16887.39 | 16334.50 | 1.4% | 4.8% |
Provisions & contingencies | 582.05 | 491.66 | 316.53 | 18.4% | 83.9% |
Profit Before Tax | 3673.52 | 3360.82 | 3446.65 | 9.3% | 6.6% |
Tax | 923.51 | 835.18 | 887.85 | 10.6% | 4.0% |
Profit After Tax | 2814.27 | 2575.58 | 2638.17 | 9.3% | 6.7% |
Earnings Per Share | 6.18 | 5.66 | 5.79 | 9.2% | 6.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Bank of India is a prominent player in the banking industry, offering a wide range of financial products and services that cater to both individual and corporate clients. As a public sector bank headquartered in Mumbai, India, it is one of the oldest and most established financial institutions in the country. The bank's services include personal banking, corporate banking, SME banking, loans, deposits, and investment services, among others. Recent major developments for Bank of India could include strategic expansions, digital banking advancements, or collaborations, but specific events or changes are not detailed in the provided data.
Revenue
For the third quarter of the fiscal year 2026 (Q3FY26), Bank of India reported a total income of ₹21,379.21 crores. This represents a quarter-over-quarter (QoQ) increase of 3.1% from ₹20,739.87 crores recorded in the previous quarter (Q2FY26) and a year-over-year (YoY) growth of 6.4% compared to ₹20,097.68 crores in Q3FY25. These figures indicate a positive trend in revenue generation over both the quarterly and yearly periods. The sustained income growth could reflect the bank's ability to enhance its product offerings, expand its market reach, or improve its service delivery.
Profitability
The profitability of Bank of India in Q3FY26 is reflected by a Profit Before Tax (PBT) of ₹3,673.52 crores, marking a 9.3% QoQ increase from ₹3,360.82 crores in Q2FY26 and a 6.6% YoY rise from ₹3,446.65 crores in Q3FY25. After accounting for taxes, the Profit After Tax (PAT) stands at ₹2,814.27 crores, which is a 9.3% QoQ increase from ₹2,575.58 crores in the prior quarter and a 6.7% YoY increase from ₹2,638.17 crores in the same quarter last year. The Earnings Per Share (EPS) for Q3FY26 is ₹6.18, showing a 9.2% QoQ and a 6.7% YoY growth, indicating consistent improvement in shareholder value over the periods reviewed.
Operating Metrics
Bank of India's operating expenses for Q3FY26 were reported as ₹17,123.64 crores, which is a 1.4% increase from ₹16,887.39 crores in Q2FY26 and a 4.8% rise from ₹16,334.50 crores in Q3FY25. Provisions and contingencies recorded a significant increase of 18.4% QoQ and 83.9% YoY, amounting to ₹582.05 crores compared to ₹491.66 crores in Q2FY26 and ₹316.53 crores in Q3FY25. The tax expense for the quarter was ₹923.51 crores, reflecting a 10.6% QoQ increase from ₹835.18 crores and a 4.0% YoY increase from ₹887.85 crores. These metrics could provide insights into the bank's cost management strategies, risk provisioning, and tax planning efforts.