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 Income11,270.613,001.314,218.09.4%26.2%
Total Expenses9,187.99,819.010,541.47.4%14.7%
Profit before tax1,725.81,254.81,782.242.0%3.3%
Profit after tax996.0854.1914.77.1%-8.2%
Earnings per share2.42.12.2

Data Source: BSE, Company announcements

The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

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