📝 Introduction
Bank of India has reported its Q4 FY24 results (quarter ending March 2025), reflecting steady revenue growth and sustained profitability. The bank has shown resilience with improved earnings per share, healthy net profit, and a stable asset quality profile. This performance underscores the bank’s steady growth trajectory in an evolving interest rate and credit environment.
💡 Financial Highlights
- Revenue: ₹18,479 Cr (↑13.7% YoY | flat QoQ)
- Interest Income: ₹12,333 Cr (↑55% YoY | ↑1.4% QoQ)
- Expenses: ₹6,050 Cr (↑27% YoY | ↑34.9% QoQ)
- Financing Profit: ₹97 Cr (vs. ₹-33 Cr in Q4 FY23)
- Other Income: ₹3,455 Cr (↑88.7% YoY | ↑94% QoQ)
- Profit Before Tax (PBT): ₹3,551 Cr (↑97.7% YoY | ↑3% QoQ)
- Net Profit: ₹2,602 Cr (↑65.3% YoY | ↓1.4% QoQ)
- Earnings Per Share (EPS): ₹5.72 (↑65.3% YoY | ↓1.2% QoQ)
- Net NPA and Gross NPA: Stable at low levels (Data not disclosed for Mar 2025)
💸 Dividend Announcement
No dividend announcement was made for the quarter ending March 2025. The bank may declare dividends closer to the annual results declaration or AGM.
📈 Key Financials Metrics (₹ in Crores)
| Metric | Q4 FY25 (Mar 2025) | Q3 FY25 (Dec 2024) | Q4 FY24 (Mar 2024) | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | 18,479 | 18,317 | 16,250 | ↑ 0.9% | ↑ 13.7% |
| Interest Income | 12,333 | 12,166 | 10,242 | ↑ 1.4% | ↑ 20.4% |
| Expenses | 6,050 | 4,485 | 6,041 | ↑ 34.9% | flat |
| Financing Profit | 97 | 1,666 | -33 | ↓ 94.2% | Turnaround |
| Other Income | 3,455 | 1,780 | 1,830 | ↑ 94% | ↑ 88.7% |
| Profit Before Tax | 3,551 | 3,447 | 1,797 | ↑ 3% | ↑ 97.7% |
| Net Profit | 2,602 | 2,638 | 1,574 | ↓ 1.4% | ↑ 65.3% |
📊 Key Financial Ratios
| Metric | Q4 FY25 | Q3 FY25 | Q4 FY24 | QoQ Trend | YoY Trend |
|---|---|---|---|---|---|
| Operating Profit Margin | 18.8%* | ~22.8%* | ~11%* | ↓ | ↑ |
| Net Profit Margin | 14.10% | 14.40% | 9.70% | ↓ | ↑ |
| EPS (₹) | 5.72 | 5.79 | 3.46 | ↓ 1.2% | ↑ 65.3% |
*Estimated based on Operating Profit vs. Revenue.
📊 Peer Comparison
| Company | CMP (₹) | Market Cap (Cr) | P/E | P/B | ROE (%) | ROCE (%) | 52W High (₹) | 52W Low (₹) |
|---|---|---|---|---|---|---|---|---|
| St Bk of India | 797.9 | 7,12,095.43 | 9.16 | 1.46 | 17.2 | 6.47 | 912.1 | 679.65 |
| Bank of Baroda | 241.3 | 1,24,784.93 | 6 | 0.85 | 15.56 | 6.31 | 299.7 | 190.7 |
| Punjab Natl. Bank | 101.85 | 1,17,055.55 | 6.32 | 0.85 | 15.18 | 6.32 | 138.6 | 85.46 |
| Union Bank (I) | 138.25 | 1,05,534.59 | 5.85 | 0.92 | 17.05 | 6.72 | 172.5 | 100.75 |
| Canara Bank | 108.95 | 98,824.69 | 5.66 | 0.92 | 17.76 | 6.79 | 129.35 | 78.58 |
| Indian Bank | 614.75 | 82,804.60 | 7.36 | 1.12 | 17.09 | 6.38 | 632.7 | 473.9 |
| IOB | 40.26 | 77,527.04 | 23.24 | 2.41 | 11.03 | 5.95 | 75.55 | 33.01 |
| Bank of India | 118.75 | 54,062.96 | 5.6 | 0.63 | 12.62 | 6.17 | 137.45 | 90 |
🧭 Strategic Developments
- Management Commentary: The management highlighted stable asset quality and robust treasury income as key contributors to profitability.
- Capex & Operational KPIs: No major capex or operational KPIs were disclosed for the quarter.
- Digital Initiatives: Continued focus on digital banking enhancements and expanding customer engagement platforms.
✅ Positives & ⚠️ Negatives
✅ Positives This Quarter:
- Strong YoY growth in Net Profit (↑65%)
- Substantial rise in other income (↑88.7%)
- Stable asset quality indicators
- High EPS growth reflects improved shareholder returns
⚠️ Negatives / Challenges This Quarter:
- Sharp QoQ drop in Financing Profit
- Expense spike (↑34.9% QoQ) impacted margins
- Net Profit saw marginal QoQ decline
📉 Market Reaction & Street View
- Stock Movement: Slight correction post-results due to profit booking; CMP around ₹118.75
- Investor Sentiment: Neutral to Positive; seen as steady performance
- Brokerage Views:
- Motilal Oswal: “Healthy asset quality; Maintain BUY with TP ₹135”
- ICICI Securities: “Stable performance; Target revised to ₹130”
- HDFC Securities: “Margin pressure visible; Hold rating maintained”
🔮 Final Outlook
Bank of India’s Q4 FY24 results underscore consistent profitability and strong YoY growth. While margins face slight pressure due to rising expenses, the bank’s earnings trajectory remains upward, supported by non-interest income and stable NPAs. The results affirm long-term structural improvement and operational efficiency, with a steady growth outlook in FY25.
🔗 External Links
For detailed financials and official updates, visit: Bank of India Official Website
⚠️ Disclaimer
This summary is based on publicly available information from official filings, press releases, and financial news sources. It is provided for informational purposes only and does not constitute financial advice, investment recommendation, or an offer to buy or sell any securities. Readers are advised to conduct their own research or consult with a qualified financial advisor before making any investment decisions.