Indian Overseas Bank gains on reporting 33% rise in Q2 consolidated net profit
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Indian Overseas Bank is currently trading at Rs. 21.80, up by 0.15 points or 0.69% from its previous closing of Rs. 21.65 on the BSE.
The scrip opened at Rs. 22.30 and has touched a high and low of Rs. 22.60 and Rs. 21.70 respectively. So far 699411 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 23.80 on 24-Nov-2021 and a 52 week low of Rs. 15.25 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 22.60 and Rs. 18.20 respectively. The current market cap of the company is Rs. 41490.79 crore.
The promoters holding in the company stood at 96.38%, while Institutions and Non-Institutions held 1.42% and 2.19% respectively.
Indian Overseas Bank has reported rise of 33.19% in its net profit at Rs 501.34 crore for second quarter ended September 30, 2022 as compared to Rs 376.41 crore for the corresponding quarter previous year. Total income of the bank increased by 14.96% to Rs 5852.45 crore for the quarter under review as compared to Rs 5090.72 crore for the same quarter in the previous year.
On the consolidated basis, the bank has reported rise of 32.85% in its net profit at Rs 500.20 crore for second quarter ended September 30, 2022 as compared to Rs 376.51 crore for the same quarter in the previous year. Total income of the bank increased by 14.95% to Rs 5854.02 crore for the quarter under review as compared to Rs 5092.68 crore for the same quarter in the previous year.
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