Bank of Baroda Q1 preview: NII could rise 34% YoY; merged entity's nos eyed

On a standalone basis, analysts are eyeing a pre-provision profit for Bank of Baroda of up to Rs 4,765 crore the quarter under review

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Market news: India’s first three-way merged public sector bank, Bank of Baroda, is scheduled to announce its April-June quarter result of financial year 2019-20 (Q1FY20) on Thursday, July 25. The bank, which got merged with Vijaya Bank and Dena Bank with effect from April 1, 2019, is expected to post stronger numbers on standalone basis while analysts would eye results for the merged entity.

According to analysts at Sharekhan, the public lender is likely to report a net interest income (NII) of Rs 5,853 crore, a jump of nearly 34 per cent year-on-year (YoY) from Rs 4,381 crore clocked in the June quarter of the previous financial year (Q1FY19). The same was Rs 5,067 crore in the quarter ended March, 2019 (Q4FY19). Analysts at Antique Stock Broking, however, estimate the same at Rs 6,891 crore, up 57 per cent YoY and 36 per cent sequentially.

As for the merged entity, analysts at Phillip Capital estimate the consolidated NII at Rs 7,343 crore and a net interest margin at...read more

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