IOB Q1 results: Profit surges 76% YoY to ₹1,111 crore; NII rises 13%

IOB Q1 results: Indian Overseas Bank (IOB) on Friday, July 18, reported a solid 75.6 per cent year-on-year (YoY) rise in its June quarter (Q1FY26) standalone profit to ₹1,111.04 crore compared to a profit of ₹632.81 crore in Q1FY25.

The PSU bank's total income for the quarter under review rose 17 per cent YoY to ₹8,866.47 crore, including other income of ₹1,480.92 crore.

The bank's net interest income (NII) climbed 13 per cent YoY to ₹2,747 crore against ₹2,441 crore in the same quarter of the previous financial year.

IOB's operating profit on a standalone basis, before provisions and contingencies, for the quarter rose 41 per cent YoY to ₹2,357.95 crore against ₹1,675.86 crore in Q1FY25.

(This is a developing story. Please check back for fresh updates.)

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