IOB Q4 profit surpasses Rs 1000 Cr mark, registering YoY growth of 30.07%
Operating Profit increased to Rs 2,618 Crore for Q4FY25 from Rs 1,961 Crore for Q4FY24, registering a growth of Rs 657 Crore at 33.50% Y-o-Y basis.
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State-run Indian Overseas Bank has announced the audited financial results of the Board where the bank has set a major benchmark in terms of Profit-Gain. Net Profit is increased to Rs 1,051 Crore for the Q4FY25 from Rs 808 Crore for the Q4FY24, registering a growth of Rs 243 Crore at 30.07% Y-o-Y basis. The same is increased by 20.25 % on a Q-o-Q sequential basis.
Operating Profit increased to Rs 2,618 Crore for Q4FY25 from Rs 1,961 Crore for Q4FY24, registering a growth of Rs 657 Crore at 33.50% Y-o-Y basis. The same is increased by 15.53 % on a Q-o-Q sequential basis.
Total Business of the Bank, stood at Rs 5,61,958 crores as on March 31, 2025, as against Rs 5,04,923 crores, registering growth of Rs 57,035 crores (11.30%) on YoY basis. The same is increased by 3.54 % on a Q-o-Q sequential basis.
CASA deposits increased to Rs 1,36,161 Crore from Rs 1,25,508 Crore, reflecting Yo-Y growth of 8.49% basis. The same is increased by 2.89 % on a Q-o-Q sequential basis. CASA Ratio stood at 43.65% for the quarter ended 31.03.2025.
In terms of Asset Quality, Gross Non-Performing Assets (GNPA) ratio stood at 2.14 % as on 31.03.2025 against 3.10 % as on 31.03.2024 reduced by 96 bps. The same is reduced by 41 bps on a Q-o-Q sequential basis.
Net NPA ratio stood at 0.37 % as on 31.03.2025 against 0.57 % as on 31.03.2024, reduced by 20 bps. The same is reduced by 5 bps on a Q-o-Q sequential basis. Provision Coverage ratio improved to 97.30 % as on 31.03.2025 as against 96.85 % as on 31.03.2024. The same was 97.07 % as on 31.12.2024.
Shares of Indian Overseas Bank are trading higher by 0.56% at Rs 37.74.