IOB Q1 FY27: Net Profit rises about 49% YoY to Rs 1,659 cr, NPA improves
IOB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.2 pts more than Nifty Smallcap 250 and 0.8 pts more than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Indian Overseas Bank reported standalone net profit of Rs 1,659.24 cr for Q1 FY27, up about 49% from Rs 1,111.04 cr in Q1 FY26. Total income grew 23% to Rs 10,937.80 cr. Gross NPA improved to 1.33% from 1.97% YoY; Net NPA fell to 0.18% from 0.32%. Capital adequacy ratio stood strong at 19.36%. Bank used share premium to write off accumulated losses of Rs 8,733.34 cr. Provision coverage ratio at 97.67%. EPS at Rs 0.86 vs Rs 0.58 YoY.
Strong profit growth and improved asset quality are positive for shareholders. Write-off of past losses using share premium cleans up the balance sheet.