Indian Overseas Bank Q4 results: Net profit rises 43% YoY to ₹1,505 crore, NII up 11%
Published on 29/04/2026 01:46 PM
Indian Overseas Bank (IOB) announced its financial results for the quarter ending on March 31, 2026 (Q4FY26) on Wednesday, 29 April. As the announcement came during the market hours, IOB share price rose nearly 1.32% to ₹35.10 apiece on NSE.
The company report its net profit rising 43.2% year-on-year (YoY) to ₹1,505 crore in Q4FY26, supported by lower provisions. Provisions for the quarter fell to ₹1,005 crore, down from ₹1,235 crore in the December quarter last year.
Net Interest Income (NII), or core income, increased 11.1% from the corresponding quarter last year to ₹3,470 crore, compared with ₹3,123 crore same period a year ago.
Asset quality improved sequentially, with the gross NPA ratio easing to 1.42% from 1.54%, and the net NPA ratio declining to 0.21% from 0.24%.
In absolute terms, gross NPAs reduced to ₹4,409 crore from ₹4,529 crore in December, while net NPAs improved to ₹637 crore from ₹707 crore.
Meanwhile, the company reported an operating profit of ₹2,665 crore in Q4 FY26, compared to ₹2,618 crore last year, marking a modest year-on-year growth of 1.8%.
Provisions stood at ₹1,006 crore in Q4 FY26, declining from ₹1,235.7 crore in Q3 FY26.
More to come…
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
Vaamanaa covers business and stock market news. Started in 2020, she has been producing news on digital platforms for over 4.5 years now. She writes on markets, commodities, IPOs, and industry. She has worked for news channels like Jagran New Media and Business Insider India. You can reach out to her at vaamanaa.sethi@htdigital.in.
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