Bank of India - Q3 Results are awesome!!

Bank of India Q3 fiscal 2024-25 (Q3FY25) Results:

Bank of India reported a rise of 34.6% in net profit to ₹2,516.7 crore compared to ₹1,869.5 crore in the corresponding period last year.

Net interest income (NII) for the quarter rose 11.1% to ₹6,070.3 crore , compared to ₹5,463.5 crore. The Bank's asset quality in the quarter improved from the previous quarter. Gross NPA ratio down by 1.66% YoY to 3.69%.

Retail Credit grew by 21.22% YoY. Agriculture Credit grew by 18.46% YoY. MSME Credit grew by 16.36% YoY. CASA deposits increased by 6.07% YoY and CASA ratio at 41.05%.

Return on Equity (RoE) improved by 1.57% at 16.53% in Q3FY'25 against 14.96% in Q3FY’24. Credit Cost stood at 0.39% in Q3FY25 against 0.46% in Q3FY24.

Book Value per share for the Q3 ended FY 2025 is at Rs. 142.6 and EPS for 3 quarters recorded at Rs. 14.48 per share against EPS for the previous year Rs. 14.9 per share. Bank of India share (Rs 98) currently trades at 0.66x the P/Bk Value and 5.5x the EPS FY 2025 expectations.

Warm regards,

Dr. Shashank M. Hiremath

DISM, B.Com, MBA, NET, M.Com, Ph.D.

Faculty, MBA Finance, Presidency Business School,

Presidency College, Bengaluru-24, Karnataka.

P: +91 9845239036

E: shashankmh2000@gmail.com

W: www.presidencycollege.ac.in

'An MBA is a financial investment in yourself'

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