IOB Q1 FY27 Profit Surges 49.32% to ₹1,659 Crore on Strong Revenue Growth
Indian Overseas Bank (IOB) reported a 49.32% YoY increase in Q1 FY27 net profit to ₹1,659 Crore. Net Interest Income rose 34.30% to ₹3,688 Crore, and Non-Interest Income grew 45.87% to ₹2,160 Crore. Gross NPA decreased 17.11% to ₹4,292 Crore, and Net NPA fell 27.94% to ₹588 Crore.
The substantial increase in profitability and the marked improvement in asset quality are highly significant for the bank's financial health and investor confidence.
The bank has shown significant year-on-year growth in net profit, net interest income, and non-interest income. Asset quality has also improved with a reduction in both Gross and Net NPAs, and an increase in Provision Coverage Ratio.
Indian Overseas Bank (IOB) announced its financial results for the quarter ended June 30, 2026, reporting a significant 49.32% year-on-year increase in net profit to ₹1,659 Crore. This strong performance was driven by robust growth across key financial parameters.
Net Interest Income saw a substantial rise of 34.30% to ₹3,688 Crore, while Non-Interest Income grew by an impressive 45.87% to ₹2,160 Crore. Operating Income increased by 38.35% to ₹5,848 Crore. The bank also demonstrated significant improvements in asset quality, with Gross NPA reducing by 17.11% to ₹4,292 Crore and Net NPA decreasing by 27.94% to ₹588 Crore. The Provision Coverage Ratio (PCR) improved to 97.67%.
Business growth was also noteworthy, with total deposits increasing by 13.72% to ₹37,6193 Crore and advances growing by 22.75% to ₹3,22,132 Crore. The bank's Capital Adequacy Ratio (CRAR) stood strong at 19.36%. IOB continues to focus on digital initiatives and customer-centric innovations to enhance its service delivery.
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Indian Overseas Bank filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Indian Overseas Bank. Read the original for the full detail.