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Indian Overseas Bank - Quaterly Results

22 Jul 2024 Evaluate
The company witnessed a 20.48% growth in the revenue at Rs. 65350.30 millions for the quarter ended June 2024 as compared to Rs. 54243.10 millions during the year-ago period.A good growth in profit of 26.47% reported to Rs. 6328.10  millions over Rs. 5003.50 millions of corresponding previous quarter.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202406 202306 % Var 202406 202306 % Var 202403 202303 % Var
Interest Earned 65350.30 54243.10 20.48 65350.30 54243.10 20.48 240497.30 194003.30 23.97
Other Income 10329.70 8030.30 28.63 10329.70 8030.30 28.63 56562.60 41087.50 37.66
Interest Expended 40939.60 31015.00 32.00 40939.60 31015.00 32.00 142203.20 111454.40 27.59
Operating Expenses 17981.80 17981.80 0.99 17981.80 17805.20 0.99 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 9378.70 8379.60 11.92 9378.70 8379.60 11.92 33512.30 35939.30 -6.75
Tax 1051.80 70.10 1400.43 1051.80 70.10 1400.43 7569.20 2494.60 203.42
PAT 6328.10 5003.50 26.47 6328.10 5003.50 26.47 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 25.64 24.80 3.40 25.64 24.80 3.40 28.12 30.63 -8.18
Peers
Company Name CMP
State Bank Of India 954.05
PNB 114.70
Bank Of Baroda 235.20
Canara Bank 119.00
Union Bank Of India 173.40
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