Announced Mon, 20 Jul · 13:02 IST
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.
Price reaction · full curve 14 horizons · vs prior close
+3.5%1-day move
₹33.94
prior close
₹34.24
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.5+2.2+1.1+1.8+3.5+1.8-0.4-0.1+0.6—————
Up moveDown movePending
AI summary
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.
Likely market impact
Strong profit growth and improved asset quality are positive for shareholders. Write-off of past losses using share premium cleans up the balance sheet.