Indian Overseas Bank (IOB) has reported its financial performance for Q3 FY25, showcasing a robust year-on-year (YoY) growth in Net Interest Income (NII), underpinned by effective cost management and increased interest earnings.
Key Highlights of Net Interest Income (₹ in Lakhs):
- Q3 FY25 NII: ₹2,78,894
- Q2 FY25 NII: ₹2,53,724
- Q3 FY24 NII: ₹2,39,764
Quarterly Growth (QoQ):
The NII for Q3 FY25 grew by 9.92% from ₹2,53,724 lakh in Q2 FY25, reflecting an increase in interest earned and effective control over interest expended.
Yearly Growth (YoY):
Compared to ₹2,39,764 lakh in Q3 FY24, the NII for Q3 FY25 increased by 16.33%, demonstrating the bank’s improved operational efficiency and focus on growing interest income.
Breakdown of Components:
- Interest Earned: ₹7,11,172 lakh, up by 3.81% QoQ from ₹6,85,067 lakh in Q2 FY25 and by 15.16% YoY from ₹6,17,551 lakh in Q3 FY24.
- Interest Expended: ₹4,32,278 lakh, reflecting a marginal rise of 0.22% QoQ from ₹4,31,343 lakh in Q2 FY25 but an increase of 14.53% YoY from ₹3,77,787 lakh in Q3 FY24.
Key Financial Highlights:
- Total Income: ₹8,40,925 lakh, a significant rise from ₹7,43,717 lakh in Q3 FY24.
- Net Profit: ₹87,366 lakh, marking a YoY increase of 21% from ₹72,256 lakh in Q3 FY24 and a QoQ rise of 12.86% from ₹77,716 lakh in Q2 FY25.
- Operating Profit: ₹2,26,601 lakh, up 27.25% YoY from ₹1,78,020 lakh in Q3 FY24.
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