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Indian Overseas Bank Q1FY25; 27% rise in Profits

Indian Overseas Bank was founded in 1937 by Chidambaram Chettyar. It was one of the 14 major banks that were nationalized in 1969.

Financial Results:

Indian Overseas Bank reported Revenues for Q1FY25 of ₹6,535.00 Crores up from ₹5,424.00 Crore year on year, a rise of 20.48%.

Total Expenses for Q1FY25 of ₹6,830.00 Crores up from ₹5,720.00 Crores year on year, a rise of 19.41%.

Consolidated Net Profit of ₹633.00 Crores up 26.6% from ₹500.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.33, up 26.92% from ₹0.26 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Banking
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