Indian Overseas Bank (IOB) announced its financial results for the third quarter of FY2026, ending December 31, 2025. The bank reported an all-time high quarterly net profit of ₹1,365 crore, marking a significant year-on-year increase of 56.18% compared to ₹874 crore in the same quarter last year. For the nine-month period ending December 31, 2025, IOB achieved a total business of ₹6,44,276 crore, with an 18.71% year-on-year growth. Deposits grew by 14.48% to ₹3,49,302 crore, while gross advances increased by 24.13% to ₹2,94,974 crore. The bank's operating profit for the quarter stood at ₹2,603 crore. Key performance indicators showed improvement, with the Provision Coverage Ratio (PCR) rising to 97.49% and Net Interest Margin (NIM) at 3.32%. Gross Non-Performing Assets (NPA) reduced to ₹4,530 crore (1.54%) from ₹6,071 crore (2.55%) in the previous year, and Net NPA decreased to ₹708 crore (0.24%). The bank also reported an improved Return on Assets (ROA) of 1.28% and Return on Equity (ROE) of 20.98%. Earnings Per Share (EPS) for the quarter was ₹0.71, a 54% increase from the previous year. During the analyst call, the management highlighted plans to raise ₹4,000 crore through QIP in the current quarter to further reduce the government's stake. The bank expects to resume dividend payouts in the next financial year. Future outlook remains positive, with a focus on consistent growth and performance.
