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IOB declines on reporting 89% plunge in Q4FY13 net profit

30 Apr 2013 Evaluate

Indian Overseas Bank (IOB) is currently trading at Rs. 62.05, down by 1.65 points or 2.59% from its previous closing of Rs. 63.70 on the BSE.

The scrip opened at Rs. 62.25 and has touched a high and low of Rs. 63.50 and Rs. 62.05 respectively. So far 306217 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.85 on 07-Jan-2013 and a 52 week low of Rs. 62.20 on 29-Apr-2013.

Last one week high and low of the scrip stood at Rs. 68.50 and Rs. 62.05 respectively. The current market cap of the company is Rs. 5835.66 crore.

The promoters holding in the company stood at 73.80% while Institutions and Non-Institutions held 14.46% and 11.75% respectively.

Indian Overseas Bank (IOB) has reported results for the quarter and year ended March 31, 2013:

The bank’s net profit has plunged by 88.87% at Rs 58.87 crore for the fourth quarter ended March 31, 2013 as compared to Rs 528.81 crore for the similar quarter ended March 31, 2012. Total Income has marginally increased by 8.92% to Rs 5898.15 crore for the quarter ended March 31, 2013 from Rs 5415.09 crore for the quarter ended March 31, 2012.

For the Year ended March 31, 2013, the bank’s net profit has dropped by 45.99% at Rs 567.23 crore as compared to Rs 1050.13 crore for the previous year. Bank’s total Income has increased by 15.69% to Rs 22649.63 crore for the year from Rs 19578.13 crore for the previous fiscal.

The bank’s board of directors at its meeting held on April 29, 2013, inter alia, has considered and recommended a dividend of Rs 2 per Equity Share of Rs 10 each (i.e. 20%) for the financial year 2012-13.

Indian Overseas Bank Share Price

34.97 0.03 (0.09%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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