The bank reported a net profit of Rs 271.72 crore in the corresponding period of the previous fiscal.
IOB's total income grew to Rs 6,672.11 crore in the quarter under review, up 6.16 per cent from Rs 6,284.69 crore during the same period of 2014-15 fiscal.
Provisions and contingencies in the June quarter stood at Rs 663.57 crore as against Rs 299.27 in the same quarter of the previous fiscal.
Net NPA stood at 6.31 per cent in the reported quarter as against 3.85 per cent registered during the same period of the previous fiscal.
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The bank said its total deposits for the quarter grew to Rs 2,32,064 crore from Rs 2,21,879 crore in the year-ago period.
Its gross advances were Rs 1,74,962 crore and the provision coverage ratio stood at 50.79 per cent as on June 30, 2015.