Indian Overseas Bank Q4 results: PAT rises 30% on-year to Rs 1,051 crore

Indian Overseas Bank

State-owned lender, Indian Overseas Bank on May 2 reported a 30.1 percent rise in its net profit at Rs 1051.07 crore in the fourth quarter of the financial year 2024-25. In the year-ago period, the bank has posted a net profit of Rs 808.1 crore.

On sequential basis, net profit of the PSU lender rose 20.3 percent.

Gross non-performing asset (NPA) ratio of the bank improved to 2.14 percent in January-March quarter, from 2.55 percent in a quarter ago period, and 3.10 percent in a year ago period.

Net NPA of the improved to 0.37 percent in the reporting quarter, as compared to 0.42 percent in a quarter ago period, and 0.57 percent in a year ago period.

In absolute terms, lender's gross NPA stood at Rs 5347.72 crore in Q4FY25, as compared to Rs 6070.51 crore in Q3FY25, and Rs 6794.43 crore in Q4FY24. Net NPA stood at Rs 911.86 crore in reporting quarter, as compared to Rs 975.91 crore in a quarter period, and Rs 1216.86 crore in a year ago period.

Interest earned by the bank in the reporting quarter rose 15.2 percent year-on-year to Rs 7633.59 crore, from Rs 6628.89 crore in a year ago period.

However, the other income of the bank has declined 36 percent year-on-year to Rs 1581.10 crore in January-March quarter, from Rs 2477.37 crore in a year ago period.

The lender has planned to raise Rs 4000 crore equity and Rs 1000 crore Tier II bonds in FY26.