Bank of Baroda Q3 net spikes 75%: Check out brokerages’ take on the stock and Adani risks

Bank of Baroda Q3: Interest income rose to Rs 2,3540.14 crore from Rs 17,963 crore a year ago.

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Shares of Bank of Baroda share price gained 2 percent in the early trade on February 6 after the lender reported better numbers in the quarter ended December 2022.

Bank of Baroda on February 3 reported a net profit of Rs 3,852.74 crore for the December quarter, a 75 percent year-on-year increase that was helped by strong net interest income growth.

The public sector lender’s interest income rose to Rs 2,3540.14 crore from Rs 17,963 crore a year ago.

The net interest income climbed 26.5 percent to Rs 10,818 crore for the three months ended December. This comes on the back of a robust loan growth of 19.7 percent and an improvement in net interest margins as well.