Bank of Baroda Q1 results 2026: Profit drops 72% YoY

What Bank of Baroda reported for Q1FY27

Bank of Baroda (BoB) reported a nearly 72% year-on-year fall in standalone net profit to ₹1,278.39 crore for the April to June quarter of FY2026-27 (Q1FY27). In the same quarter a year ago, the public sector lender reported profit of ₹4,541.36 crore. The update put the PSU bank in focus on July 24, 2026, a day when the board of directors was scheduled to meet to consider the audited financial results for the quarter ended June 30, 2026. The sharp profit drop contrasted with the bank’s broader business momentum disclosed separately through a provisional business update.

Board meeting and results timeline

The bank’s board of directors was scheduled to meet on July 24, 2026, to consider the audited financial results for the quarter ended June 30, 2026. This is a standard step in the results process, particularly for lenders where statutory audit review forms part of the quarterly reporting cycle. The material also noted that business numbers for June 30, 2026 were provisional and subject to review and audit by the Statutory Central Auditors. For investors, the sequence matters because the provisional business update typically precedes the audited financials, while the audited numbers provide the final accounting view of performance.

Provisional Q1FY27 business update: global franchise growth

Alongside the results-related focus, Bank of Baroda’s provisional Q1FY27 business update showed total global business (deposits plus advances, including domestic and overseas operations) rising 15.46% year-on-year to ₹3,051,000 crore as of June 30, 2026. Global advances climbed 17.42% YoY to ₹1,417,000 crore. Global deposits grew 13.81% YoY to ₹1,634,000 crore. The bank described the growth as broad-based across lending and deposits, even as the stock reaction after the update was negative.

Domestic business: advances, deposits, and retail traction

The domestic split of the provisional update showed domestic advances up 16.14% YoY to ₹1,151,000 crore as of June 30, 2026. Domestic deposits rose 14.74% YoY to ₹1,382,000 crore. Within domestic advances, retail lending stood out, with domestic retail advances rising 18.45% YoY to about ₹310,000 crore (also cited as ₹309,725 crore). These figures indicate faster growth in retail compared with overall domestic advances in the period covered by the update.

Credit growth backdrop cited in the update

The context provided with the update pointed to strong system-wide demand. System-wide credit growth was cited at 16.1% YoY in April 2026. Bank of Baroda’s own advances growth was stated at 16.43% YoY exiting the previous fiscal year. These indicators were used to frame the bank’s entry into the first quarter with “momentum”, aligning with the double-digit expansion reported in its provisional advances data.

Stock move, CMP and market-cap snapshot

The stock declined following the update, and the material also said shares were down roughly 14% for 2026 so far. One referenced session noted Bank of Baroda shares slipped 4.2% to ₹260.25 on Thursday, July 2, after the bank shared business updates for the quarter ended June 30. The quick details section also listed a current market price (CMP) of ₹246.8 and a market capitalisation of ₹127,629.22 crore. These points together show investor attention around both business growth disclosures and the subsequent audited results.

Quick details and key metrics table

Quarterly performance snapshot in the material (crore)

The provided material also contained a quarterly table (figures in ₹ crore, except per-share values) showing net interest income, non-interest income, provisions, expenses, and earnings per share across periods labelled Jun 25, Mar 26, and Jun 24. The table described the comparison as QoQ based. While the period labels differ from the Q1FY27 discussion, the data points provide context on trends in income and provisioning that investors commonly track for banks.

Mixed profit figures in the provided material

Apart from the ₹1,278.39 crore profit figure cited for Q1FY27, the supplied text also included other profit numbers in separate lines, including “Net Profit: ₹5,615.7 crore (up 11.3% YoY)” and a separate statement about net profit of ₹4,541 crore showing about 1.8% YoY growth (explicitly framed elsewhere as Q1FY26). Since these figures appear in different contexts within the material, readers typically rely on the audited results and the bank’s final regulatory filing for the definitive quarter’s profit, income, and margin details.

What to watch next

The immediate next step flagged in the material was the July 24, 2026 board meeting to consider audited financial results for the quarter ended June 30, 2026. Investors will typically watch for reconciled profit and income numbers, commentary on margins, provisions, and asset-quality trends, and any clarifications that tie audited performance to the provisional business growth disclosed for global and domestic operations. The bank’s earlier corporate update also noted that shareholders approved the adoption of FY26 financial statements and declared a dividend for FY2025-26 at the 30th AGM held on June 23, 2026.