Bank of Baroda likely to post 60% drop in net profit for Q4 FY18

In value terms, gross NPAs and net NPAs had reached Rs 48,480 crore and Rs 19,852 crore by end of December 2017, respectively. Public sector lender Bank of Baroda (BoB) is likely to report a 60.8 percent fall in net profit at Rs 60.6 crore for the fourth quarter ending March 2018, according to a Reuters poll. That is pegged against a profit of Rs 155 crore in the same quarter a year ago. In the October to December quarter (Q3FY18), the net profit had declined 56 percent to Rs 112 crore due to a spike in non-performing assets (NPAs). Brokerage house Emkay, in a report, also estimated profit to decline by around 62.5 percent, while Prabhudas Lilladher sees the profit growth weaker by 11 percent.

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