Bank of India Q3FY23 Quarter Results
Bank of India’s net revenues grew over 26% YoY
- 17 Jan 2023
- Bank of India’s net revenues (net interest income plus other income) grew by 9.4% quarter-on-quarter (QoQ) during the quarter ended December (Q3FY23). On a year-on-year (YoY) basis, it witnessed a growth of 26.2%.
- Its expenses for the quarter were up by 7.4% QoQ and 14.7% YoY.
- The bank’s net profit grew 7.1% QoQ and de-grew 8.2% YoY.
- The bank’s capital adequacy ratio (CAR) stood at 16.38% in Dec 2022 quarter.
- Net non-performing assets (NPAs) were at 1.61% of net advances as of Dec 2022.
- The earnings per share (EPS) of Bank of India stood at 2.2 during Q3FY23.
Bank of India’s financial statements for Q3FY23:
| (Rs, crores) | Q3FY22 | Q2FY23 | Q3FY23 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 11,270.6 | 13,001.3 | 14,218.0 | 9.4% | 26.2% |
Total Expenses | 9,187.9 | 9,819.0 | 10,541.4 | 7.4% | 14.7% |
Provisions | 356.9 | 1,927.5 | 1,894.4 | -1.7% | 430.9% |
Profit before tax | 1,725.8 | 1,254.8 | 1,782.2 | 42.0% | 3.3% |
Tax | 734.2 | 502.6 | 623.4 | 24.0% | -15.1% |
Profit after tax | 996.0 | 854.1 | 914.7 | 7.1% | -8.2% |
Earnings per share | 2.4 | 2.1 | 2.2 |
Data Source: BSE, Company announcements
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