Indian Overseas Bank's Q3FY25 Quarter Results
- 1d ago
Result Summary
- Indian Overseas Bank reported a 0.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 13.1%.
- Its expenses for the quarter were down by 3.3% QoQ and up 8.6% YoY.
- The net profit increased 12.3% QoQ and increased 20.9% YoY.
- The earnings per share (EPS) of Indian Overseas Bank - at - during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 8415.34 | 8489.90 | 7442.66 | -0.9% | 13.1% |
Total Expenses | 6147.72 | 6359.24 | 5661.00 | -3.3% | 8.6% |
Provisions & contingencies | 1028.64 | 1146.31 | 701.37 | -10.3% | 46.7% |
Profit Before Tax | 1238.98 | 984.35 | 1080.29 | 25.9% | 14.7% |
Tax | 363.71 | 204.73 | 356.16 | 77.7% | 2.1% |
Profit After Tax | 875.27 | 779.62 | 724.13 | 12.3% | 20.9% |
Earnings Per Share | 0.00 | 0.00 | 0.00 | - | - |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Indian Overseas Bank is a prominent financial institution in India, primarily operating in the banking sector. As a public sector bank, it offers a range of services including retail banking, corporate banking, and treasury operations. The bank is known for providing products such as savings and current accounts, loans, mortgages, credit cards, and investment services. It has a significant presence across India with a robust network of branches and ATMs. As of the latest data available, there are no specific major developments reported for Indian Overseas Bank. However, the bank's performance and strategic initiatives are pivotal to its growth trajectory in the highly competitive Indian banking industry.
Revenue
In Q3FY25, Indian Overseas Bank reported a total income of ₹8415.34 crores, marking a slight decrease of 0.9% quarter-over-quarter (QoQ) from ₹8489.90 crores in Q2FY25. However, there was a notable increase of 13.1% year-over-year (YoY) compared to ₹7442.66 crores in Q3FY24. The data indicates that while the bank experienced a slight dip in revenue on a quarterly basis, it has achieved significant growth over the past year. This fluctuation in revenue is reflective of the bank's performance in terms of interest income, fee-based income, and other operational revenues over the specified periods.
Profitability
The profitability of Indian Overseas Bank shows a positive trend in Q3FY25. The Profit Before Tax (PBT) for the quarter stood at ₹1238.98 crores, representing an increase of 25.9% QoQ from ₹984.35 crores in Q2FY25 and a 14.7% rise YoY from ₹1080.29 crores in Q3FY24. Following the tax expenses, the Profit After Tax (PAT) reached ₹875.27 crores in Q3FY25, up by 12.3% QoQ from ₹779.62 crores and 20.9% YoY from ₹724.13 crores in Q3FY24. The tax expenses for the quarter were ₹363.71 crores, showing a significant increase of 77.7% QoQ and a modest rise of 2.1% YoY. These metrics underline the bank's enhanced profitability on both a quarterly and yearly basis.
Operating Metrics
Indian Overseas Bank's operating metrics reveal insightful trends. Total expenses for Q3FY25 amounted to ₹6147.72 crores, which decreased by 3.3% QoQ from ₹6359.24 crores in Q2FY25, yet increased by 8.6% YoY from ₹5661.00 crores in Q3FY24. Provisions and contingencies were reported at ₹1028.64 crores in Q3FY25, a decrease of 10.3% QoQ but a significant increase of 46.7% YoY. These figures suggest a strategic management of operational costs and risk provisioning over the periods analyzed. Notably, the Earnings Per Share (EPS) figures were not available for any of the periods in the data provided, indicating a lack of detail in this specific metric. Overall, these operating metrics reflect the bank's efficiency and risk management processes.
