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Indian Overseas Bank - Quaterly Results

02 Aug 2023 Evaluate
The revenue for the June 2023 quarter is pegged at Rs. 54243.10 millions, about 22.31% up against Rs. 44347.40 millions recorded during the year-ago period.A comparatively good net profit growth of 27.58% to Rs. 5003.50 millions was reported for the quarter ended June 2023 compared to Rs. 3921.80 millions of previous same quarter.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202306 202206 % Var 202306 202206 % Var 202303 202203 % Var
Interest Earned 54243.10 44347.40 22.31 54243.10 44347.40 22.31 194003.30 167298.70 15.96
Other Income 8030.30 5934.60 35.31 8030.30 5934.60 35.31 41087.50 49030.20 -16.20
Interest Expended 31015.00 26809.90 15.68 31015.00 26809.90 15.68 111454.40 104187.30 6.98
Operating Expenses 17805.20 17805.20 34.80 17805.20 13208.40 34.80 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 8379.60 6304.00 32.93 8379.60 6304.00 32.93 35939.30 39838.50 -9.79
Tax 70.10 37.90 84.96 70.10 37.90 84.96 2494.60 695.20 258.83
PAT 5003.50 3921.80 27.58 5003.50 3921.80 27.58 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 24.80 23.14 7.16 24.80 23.14 7.16 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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