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Indian Overseas Bank net profit declines 88.87% in the March 2013 quarter

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Capital Market
Net profit of Indian Overseas Bank declined 88.87% to Rs 58.87 crore in the quarter ended March 2013 as against Rs 528.81 crore during the previous quarter ended March 2012. Total Operating Income rose 6.42% to Rs 5226.78 crore in the quarter ended March 2013 as against Rs 4911.47 crore during the previous quarter ended March 2012.

For the Audited full year,net profit declined 45.98% to Rs 567.23 crore in the year ended March 2013 as against Rs 1050.13 crore during the previous year ended March 2012. Total Operating Income rose 15.53% to Rs 20676.72 crore in the year ended March 2013 as against Rs 17897.08 crore during the previous year ended March 2012.

 
ParticularsQuarter EndedYear EndedMar. 2013Mar. 2012% Var.Mar. 2013Mar. 2012% Var.Sales5226.784911.47 6 20676.7217897.08 16 OPM %61.5974.97 -18 68.6769.83 -2 PBDT-40.42614.76 PL 747.481297.71 -42 PBT-40.42614.76 PL 747.481297.71 -42 NP58.87528.81 -89 567.231050.13 -46

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First Published: Apr 29 2013 | 5:46 PM IST

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