Indian Overseas Bank has informed the Exchange regarding a press release dated July 18, 2025, titled "Press Release for the quarter ended 30.06.2025".
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Awaiting price reaction for this filing.
Indian Overseas Bank posted a historic high net profit of ₹1,111 crore in Q1 FY26, up 75.57% year-on-year from ₹633 crore. Operating profit rose 40.70% to ₹2,358 crore and net interest income grew 12.50% to ₹2,746 crore, with margins (NIM) at 3.04%. Asset quality strengthened sharply, with gross NPAs falling to 1.97% and net NPAs to 0.32%, while return on equity jumped to 19.00% from 14.10%. Business growth was robust too — total business crossed ₹5.93 lakh crore, deposits grew 10.75% to ₹3.31 lakh crore, and advances rose 14.05% to ₹2.62 lakh crore, supported by better CASA and improved cost-to-income ratio of 44.22%.
Broad-based improvement across profitability, asset quality, and business growth is a strong positive for shareholders and may support positive stock sentiment. The record profit, cleaner balance sheet, and higher ROE signal a turnaround phase for the bank.