desk
Share
The stock of public sector bank Indian Overseas Bank (IOB) is seeing a rise today. The company has released the results for the December quarter of the financial year 2025. In the third quarter, the company's profit and interest income have seen an increase. The bank's NPA has seen a decline.
In the December quarter, the profit of this government bank has seen a growth of 20.8% on a year-on-year basis. In the December quarter of the last financial year, the bank had a net profit of ₹ 723 crores. Which has now increased to ₹ 874 crores.
Talking about interest income i.e. NII, it has also increased from ₹ 2,398 crores to ₹ 2,789 crores on a year-on-year basis. NII has seen a growth of 16.3% on an annual basis. Gross NPA and net NPA have also seen a decline. Gross NPA has come down from 2.72% to 2.55%. At the same time, net NPA has come down from 0.47% to ₹ 0.42%. There has also been a decline in the provisioning of the bank. IOB's provisioning has come down by about 10% from ₹1,146 crore to ₹1,029 crore. Stock performance This stock, with a market capitalization of about one lakh crore, made a 52-week high of ₹83.80 per share on 8 February 2024. At the same time, the stock made a 52-week low of ₹43.42 per share. The stock has seen a decline of about 18% in the last 6 months. However, the stock has seen a rise of 21% in 1 year.
--Advertisement--
