INDIAN OVERSEAS BANK
P&L
Quarterly Consolidated
vs Q2 FY25
Indian Overseas Bank Reports 20.89% Growth in Net Profit for Q3FY25
20 Jan 2025 · 20 Jan 2025, 09:28 pm
Summary
Indian Overseas Bank has reported a significant growth in net profit for the quarter ended 31.12.2024, reaching ₹874 crore from ₹723 crore in the same period last year. The bank also reported a 27.30% increase in operating profit and a 13.07% increase in total income.
Key Highlights
- 1
Net profit increased by 20.89% to ₹874 crore
- 2
Operating profit grew by 27.30% to ₹2,266 crore
- 3
Total income improved by 13.07% to ₹8,409 crore
- 4
Gross NPA ratio declined to 2.55%
- 5
Total recovery for the quarter stood at ₹3,956.65 crore
Management Comments
Not Provided
The bank continues to demonstrate robust financial performance, driven by sustained growth in profitability, improvement in asset quality, and strong capital adequacy.
Informational and educational content only. Not investment advice.