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Indian Overseas Bank - Quaterly Results

09 May 2024 Evaluate
The sales figure stood at Rs. 66288.90 millions for the March 2024 quarter. The mentioned figure indicates a growth of about 27.66% as compared to Rs. 51924.40 millions during the year-ago period.A slim rise of 24.31% was recorded in the Net profit for the quarter ended March 2024 to Rs. 8081.00  millions  From Rs. 6500.70 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Interest Earned 66288.90 51924.40 27.66 240497.30 194003.30 23.97 240497.30 194003.30 23.97
Other Income 24773.70 14299.80 73.25 56562.60 41087.50 37.66 56562.60 41087.50 37.66
Interest Expended 38658.10 29163.30 32.56 142203.20 111454.40 27.59 142203.20 111454.40 27.59
Operating Expenses 32793.40 32793.40 79.75 87219.10 64214.60 35.82 87219.10 64214.60 35.82
Operating Profit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Prov.& Contigencies 7676.60 9958.00 -22.91 33512.30 35939.30 -6.75 33512.30 35939.30 -6.75
Tax 3853.50 2358.10 63.42 7569.20 2494.60 203.42 7569.20 2494.60 203.42
PAT 8081.00 6500.70 24.31 26556.10 20987.90 26.53 26556.10 20987.90 26.53
Equity 189024.10 189024.10 0.00 189024.10 189024.10 0.00 189024.10 189024.10 0.00
OPM 29.58 36.24 -18.36 28.12 30.63 -8.18 28.12 30.63 -8.18
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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