New Delhi, Nov. 3 -- State-owned Bank of Baroda shares jumped 5.15% in early trade on Monday, November 3, to hit a fresh 1-year high of Rs.292 apiece after the lender reported better-than-expected numbers for the September quarter, driven by stronger NII growth, controlled operating expenses, and lower provisions.

It reported a net profit of Rs.4,809 crore, which, although down 8.2% YoY, came in higher than analysts' estimates. The bank's net interest income (NII) registered an increase of 2.7% YoY to Rs.11,954 crore, up from Rs.11,637 crore in Q2FY25, while the net interest margin remained stable on a QoQ basis at 3.10% but fell marginally by 17 basis points YoY to 3.27%.

In other income, the bank saw a steep 32% drop in non-interest i...