New Delhi, Nov. 3 -- Bank of Baroda's (BoB) September quarter (Q2FY26) results were weak. Yet, its shares rose nearly 5% on Monday. This could be because the results exceeded analysts' subdued expectations, leading to upgrades in earnings estimates by brokerages post Q2.

Plus, BoB's asset quality improved quarter-on-quarter (QoQ). Slippage ratio or fresh addition to gross NPA dropped 25 bps QoQ to 0.9%, translating into credit costs also coming off.







On the other hand, core pre-provisioning operating profit (PPoP) declined 4% year-over-year to Rs.5,851 crore. Recovery from totally written off accounts fell as much as 80% to Rs.493 crore, even as the management expects this to bounce back to normalized levels of Rs.700 crore per qua...