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Stock Report
Indian Overseas Bank posts Rs. 120.69 crore PAT in Q1FY21
Posted On : 2020-08-20 17:25:03( TIMEZONE : IST )
INDIAN OVERSEAS BANK has reported financial results for the period ended June 30, 2020.
Financial Results (Q1 FY 2020-21) - QoQ Comparison
The company has reported total income of Rs.5233.63 crores during the period ended June 30, 2020 as compared to Rs.5484.06 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.120.69 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.143.79 crores for the period ended March 31, 2020.
The company has reported EPS of Rs.0.07 for the period ended June 30, 2020 as compared to Rs.0.10 for the period ended March 31, 2020.
| Financials | Q1 FY2020-21 | Q4 FY19-20 | % Change |
| Total Income | ₹ 5233.63 crs | ₹ 5484.06 crs |  -4.57% |
| Net Profit | ₹ 120.69 crs | ₹ 143.79 crs | -16.07% |
| EPS | ₹ 0.07 | ₹ 0.10 | -30% |
Financial Results (Q1 FY 2020-21) - YoY Comparison
The company has reported total income of Rs.5233.63 crores during the period ended June 30, 2020 as compared to Rs.5006.48 crores during the period ended June 30, 2019.
The company has posted net profit / (loss) of Rs.120.69 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.(342.08) crores for the period ended June 30, 2019.
The company has reported EPS of Rs.0.07 for the period ended June 30, 2020 as compared to Rs.(0.37) for the period ended June 30, 2019.
| Financials | Q1 FY2020-21 | Q1 FY2019-20 | % Change |
| Total Income | ₹ 5233.63 crs | ₹ 5006.48 crs |  4.54% |
| Net Profit | ₹ 120.69 crs | ₹ (342.08) crs | -135.28% |
| EPS | ₹ 0.07 | ₹ (0.37) | -118.92% |
NPA MANAGEMENT: Gross NPA as at 30th June 2020 is at Rs. l8,291 crore with rotio of 13.90% as against Rs. 33262 crore with ratio of 22.53% as on 30tn June 2019.
Total recovery of Rs.l99l crore achieved for quarter ended June '20 as against the recovery of Rs.2238 crore during quarter ended June 'l9 while the total fresh slippage (other than debits to existing NPA accounts) for quarter ended June'20 stood at Rs.257 crore.
Net NPA is at Rs.608l crore with ratio of 5.l0% os on 30th June 2020 as against Rs.l4l74 crore with ratio of 11.04% as on 30th June 2019, reducing it by Rs.8093 crore in absolute terms.
Provision Coverage Ratio is improved to 87.97% as on 30th June 2020 as against 72.24% as on 30th June 2019.
Shares of INDIAN OVERSEAS BANK was last trading in BSE at Rs.11.43 as compared to the previous close of Rs. 11.03. The total number of shares traded during the day was 806058 in over 975 trades.
The stock hit an intraday high of Rs. 11.9 and intraday low of 11.18. The net turnover during the day was Rs. 9265059.
