- IOB 4Q net income has reported 8.08 billion rupees, a 24% increase from the previous year.
- The operating profit stands at 19.6 billion rupees.
- Gross non-performing assets decreased to 3.1% from 3.9% within a quarter.
- Provisions recorded 7.68 billion rupees, increasing by 9.6% within the quarter.
- Interest income has risen by 28% from the previous year to total 66.3 billion rupees.
- Interest expense too has increased by 33% y/y, amounting to 38.7 billion rupees.
- Other income remarkably shot up by 73% y/y to hit 24.8 billion rupees.
A look at Indian Overseas Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Indian Overseas Bank, with its operations spanning over 1,400 branches in India and a presence in six overseas locations, presents a mixed outlook based on the Smartkarma Smart Scores analysis. The company scores well in terms of growth and momentum, indicating a positive trajectory in terms of expansion and market performance. This suggests that Indian Overseas Bank may be well-positioned for long-term development and generating investor interest.
However, the company’s lower scores in dividend distribution highlight a potential drawback for income-seeking investors. With moderate ratings in value and resilience, Indian Overseas Bank may face challenges in terms of financial stability and stock valuation. Investors looking at this banking firm should consider its growth potential and market momentum carefully alongside its overall financial health and dividend policies.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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