Indian Overseas Bank has informed the Exchange regarding a press release dated May 02, 2025, titled "Press Release for the Quarter and Financial Year ended 31.03.2025".
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Awaiting price reaction for this filing.
Indian Overseas Bank reported a record quarterly net profit of ₹1,051 crore in Q4FY25, up 30.07% year-on-year, marking the first time its quarterly profit crossed the ₹1,000 crore mark. For the full financial year FY25, net profit grew 25.56% to ₹3,335 crore, while operating profit rose 28.44% to ₹8,688 crore and net interest income increased 10.79% to ₹10,890 crore. The bank showed strong improvement in efficiency with cost-to-income ratio falling to 47.14% from 56.32%, and returns improving (ROA 0.92%, ROE 16.28%). Asset quality strengthened significantly with gross NPAs dropping to 2.14% from 3.10% and net NPAs falling to 0.37% from 0.57%. Total business grew 11.30% to ₹5,61,958 crore, with deposits up 9.11% and advances up 14.15%, supported by a healthy capital adequacy ratio of 19.74%.
Strong all-round performance with record profits, improved asset quality, and better efficiency metrics signals healthy fundamentals that are likely to be viewed positively by investors. The consistent improvement in NPA ratios and robust capital position provide a solid foundation for future growth.