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Indian Overseas Bank - Quaterly Results

12 May 2023 Evaluate
The March 2023 quarter revenue stood at Rs. 51924.40 millions, up 23.20% as compared to Rs. 42145.20 millions during the corresponding quarter last year.Net profit stood at Rs. 6500.70  millions  compared to Rs. 5523.80 millions in the corresponding previous quarter,high by 17.69%.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Interest Earned 51924.40 42145.20 23.20 194003.30 167298.70 15.96 194003.30 167298.70 15.96
Other Income 14299.80 15041.60 -4.93 41087.50 49030.20 -16.20 41087.50 49030.20 -16.20
Interest Expended 29163.30 26049.90 11.95 111454.40 104187.30 6.98 111454.40 104187.30 6.98
Operating Expenses 18244.10 18244.10 21.68 64214.60 54512.50 17.80 64214.60 54512.50 17.80
Operating Profit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Prov.& Contigencies 9958.00 10141.30 -1.81 35939.30 39838.50 -9.79 35939.30 39838.50 -9.79
Tax 2358.10 478.10 393.22 2494.60 695.20 258.83 2494.60 695.20 258.83
PAT 6500.70 5523.80 17.69 20987.90 17095.40 22.77 20987.90 17095.40 22.77
Equity 189024.10 189024.10 0.00 189024.10 189024.10 0.00 189024.10 189024.10 0.00
OPM 36.24 38.30 -5.39 30.63 34.45 -11.08 30.63 34.45 -11.08
Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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