Bank of India's Q2 FY 2025-26 Quarterly Results

Result Summary

• Bank of India reported a 0.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 3.7%.
• Its expenses for the quarter were up by 1.7% QoQ and 6.9% YoY.
• The net profit increased 40.7% QoQ and increased 6.4% YoY.
• The earnings per share (EPS) of Bank of India stood at 5.66 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Bank of India is one of the premier public sector banks in India, offering a comprehensive range of financial services, including retail banking, corporate banking, and treasury operations. The bank operates across a vast network of branches and ATMs, serving a diverse customer base, including individuals, small and medium enterprises, and large corporations. Bank of India is known for its strong heritage and commitment to financial inclusion, providing various products such as savings and current accounts, loans, credit cards, and investment services. As of the current data, there are no specific recent major developments available regarding the company.

Revenue

For the second quarter of the fiscal year 2026 (Q2FY26), Bank of India reported a total income of ₹20,739.87 crores. This reflects a slight increase of 0.3% compared to the previous quarter (Q1FY26), where the total income was ₹20,677.62 crores. Year-over-year (YoY) comparison shows a 3.7% increase from Q2FY25, when the total income was ₹19,997.56 crores. The revenue growth indicates a consistent upward trajectory over the past year, with a notable improvement in income generation quarter-over-quarter.

Profitability

In Q2FY26, the bank's profit before tax (PBT) was ₹3,360.82 crores, which is a significant increase of 37.8% compared to Q1FY26, which stood at ₹2,439.00 crores. The YoY increase in PBT was 7.1% from Q2FY25, where the PBT was ₹3,138.36 crores. After accounting for taxes, the profit after tax (PAT) for Q2FY26 was ₹2,575.58 crores, showing a QoQ growth of 40.7% from ₹1,830.51 crores in Q1FY26 and a YoY increase of 6.4% from ₹2,421.75 crores in Q2FY25. The earnings per share (EPS) for Q2FY26 was ₹5.66, up 40.8% QoQ from ₹4.02 in Q1FY26 and a 6.4% YoY increase from ₹5.32 in Q2FY25.

Operating Metrics

The total expenses for Bank of India in Q2FY26 were ₹16,887.39 crores, which rose by 1.7% from ₹16,607.70 crores in Q1FY26. Compared to the same quarter last year (Q2FY25), total expenses increased by 6.9% from ₹15,796.93 crores. Provisions and contingencies in Q2FY26 amounted to ₹491.66 crores, showing a significant decrease of 55.8% from ₹1,112.12 crores in Q1FY26 and a 53.7% decline from ₹1,062.27 crores in Q2FY25. This substantial reduction in provisions and contingencies is a notable aspect of the bank's operating metrics for this quarter. The tax expense for Q2FY26 was ₹835.18 crores, which increased by 23.7% QoQ from ₹675.05 crores in Q1FY26 and 12.9% YoY from ₹739.62 crores in Q2FY25.