State-owned Indian Overseas Bank on Friday reported a 76% jump in net profit to ₹1,111 crore during the first quarter of this financial year.
The Chennai-based bank had earned a net profit of ₹633 crore in the same quarter of the previous fiscal year.
The total income rose to ₹8,866 crore during the June quarter of 2025-26, from ₹7,568 crore in the same quarter of FY25, IOB said in a regulatory filing.
Interest earned by the bank improved to ₹7,386 crore, as compared to ₹6,535 crore in the June quarter FY25.
During the period, operating profit of the bank increased to ₹2,358 crore, as compared to ₹1,676 crore in the same quarter a year ago.
The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 1.97% of gross advances at the end of the June quarter, from 2.89% a year ago.
Similarly, net NPAs, or bad loans, declined to 0.32%, as against 0.51 per cent in the year-ago period.
Capital adequacy ratio of the bank rose to 18.28%, from 17.82% in the same quarter of FY25.
