Vijaya Bank Q3 profit rises 3-fold to Rs 37.4 cr

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26 Aug, 2025 12:21

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Moneycontrol Bureau

Vijaya Bank's third quarter profit jumped 3.3 times year-on-year to Rs 37.4 crore led by other income and operating profit. However, higher provisions restricted growth in bottomline.

Net interest income, the difference between interest earned and interest expended, grew 12 percent to Rs 555 crore during October-December quarter from Rs 495 crore in the year-ago period.

Other income of the Bangalore-based public sector lender more than doubled to Rs 269 crore in Q3FY15 compared to Rs 129.4 crore in same quarter last fiscal. Operating profit during the same period also more than doubled to Rs 350.5 crore from Rs 167.7 crore.

Provisions for bad loans increased 93.5 percent year-on-year (up 103.3 percent quarter-on-quarter) to Rs 308.4 crore in the quarter gone by. Tax expenses for the quarter were Rs 4.74 crore against tax gain of Rs 3.06 crore in the year-ago quarter.

Asset quality was weakened during the quarter as gross non-performing assets (NPA) climbed 25 basis points year-on-year (up 7 bps quarter-on-quarter) to 2.92 percent. Net NPA was 1.89 percent in Q3FY15, increased compared to 1.88 percent in previous quarter and 1.57 percent in same quarter last fiscal.

Capital adequacy ratio (as per Basel III norms) was 10.57 percent during the quarter against 10.21 percent in Q2FY15 and 10.76 percent in Q2FY14.

At 13:17 hours IST, the scrip of Vijaya Bank was quoting at Rs 49.70, up Rs 0.90, or 1.84 percent on the BSE.