IOB Q2 : STANDALONE NET PROFIT UP 55.95% AT RS 1,912 CR (YOY), UP 15.25% (QOQ). STRONG (ON 1ST LOOK)

Net interest income up 26.41% at 3,867 Cr (YOY), up 4.85% (QOQ); operating profit up 25.67% at 3,016 Cr (YOY). NIM global 3.37% v 3.21% (YOY), 3.37% (QOQ); NIM domestic 3.49% v 3.35% (YOY), up 14 bps. Gross NPA 1.19% v 1.83% (YOY), 1.33% (QOQ); net NPA 0.16%, PCR 97.69%, credit cost 0.17%. Global advances up 24.35% at 3,45,650 Cr (YOY); total deposits up 20.16% at 4,07,428 Cr; CASA up 20.73%. ROA 1.53% v 1.20% (YOY); ROE 24.58% v 19.95% (YOY); CRAR 18.60% v 17.94% (YOY), down 76 bps (QOQ). H1 FY27 net profit up 52.85% at 3,572 Cr; H1 NII up 30.15% at 7,555 Cr.

Indian Overseas Bank

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