Indian Overseas Bank Share Price

IOB's PROFIT JUMPS 56% TO Rs 1,912 CRORE IN Q2FY27

Chennai based bank

IOB Q2 FY27 Results: Net Profit Climbs 56% to ₹1,912 Cr

IOB Q2 FY27 Results: Net Profit Jumps 56% to ₹1,912 Cr

Indian Overseas Bank’s 56% profit growth needs a tax view

Indian Overseas Bank (NSE: IOB) reported Q2 FY27 net profit of ₹1,912 crore, up 56% year-on-year. Net interest income rose 26% to ₹3,867 crore, supported by strong credit growth and improved asset quality. What happened? The public-sector lender delivered a strong September-quarter performance. Advances: Gross advances grew 24.35% to ₹3.45 lakh crore. Deposits: Deposits increased 20% to ₹4.07 lakh crore. Net interest margin: Domestic NIM improved to 3.49%. Asset quality: Gross NPA declined to 1.19%, while net NPA stood at 0.16%. However, tax expense fell sharply to ₹154 crore from ₹501 crore a year earlier. This helped lift reported profit and means the 56% growth figure should not be treated as a direct measure of recurring operating improvement. My analysis The more meaningful signal is the combination of 26% growth in net interest income and improving asset quality. Credit growth is outpacing deposit growth, although the gap has narrowed compared with some high-growth lending cycles. If this momentum continues, IOB could benefit from stronger core earnings, provided it maintains funding discipline.

Q2 FY27: Net profit up 55.95% to ₹1,912 Cr, gross NPA 1.19%

Indian Overseas Bank's release for the quarter ended 30 September 2026 shows net profit of ₹1,912 Crore, up 55.95% YoY, on net interest income of ₹3,867 Crore (up 26.41%). Operating profit was ₹3,016 Crore (up 25.67%). The gross NPA ratio eased to 1.19% and the net NPA ratio to 0.16%. Global business grew 22.05% to ₹7,53,078 Crore, with global advances up 24.35% and global deposits up 20.16%. For the half year, net profit was ₹3,572 Crore, up 52.85%. Material earnings beat/acceleration: Net profit growth 56% YoY indicates marked improvement in core profitability and operating leverage for the quarter. Margin and NII expansion: NII up 26% signals stronger lending spreads or volume growth primary driver of bank earnings. Operating cash generation strengthening: Cash from operating activity rose to ₹4,780 Cr (↑80.6% vs prior), supporting internal capital generation and provisioning capacity. Sharply improved asset quality: Low gross NPA (1.19%) and very low net NPA (0.16%) reduce provisioning drag and tail risk from stressed assets. Balance-sheet growth: Global business up 22% shows scale expansion which, if sustained, supports higher recurring income and cross-sell potential.

IOB: SEBI APPROVES ESPS ISSUE OF 10 CR SHARES

IOB: SEBI APPROVES ESPS ISSUE OF 10 CR SHARES FOR MPS COMPLIANCE