Indian Overseas Bank : Presentation to Analysts Q4 - FY 2023-24

Published: 2024-05-10 11:27:07 ET IOB.NS

IND

Performance

Analysis

Q4-FY2023-24

09.05.2024

INDEX

IND

VISION

----------

PERFORMANCE HIGHLIGHTS

----------

FINANCIAL PERFORMANCE

----------

BUSINESS PERFORMANCE

----------

NPA MANAGEMENT

----------

CAPITAL ADEQUACY

----------

FINANCIAL INCLUSION

----------

DIGITAL INITIATIVES

----------

CUSTOMER TOUCH POINT

----------

SHARE HOLDING PATTERN

----------

ASSETS & LIABILITIES

----------

ESG INITIATIVES

----------

ACCOLADES & AWARDS

………..

Performance Analysis Q4-FY24

PERFORMANCE HIGHLIGHTS

IND

BUSINESS GROWTH

(Rs. In Crores)

Parameters

FY 2022-23

FY 2023-24

Y-O-Y ( %)

GROWTH

CASA

114113

125508

9.99%

CASA%

43.74%

43.90%

16 bps

Total Deposits

260883

285905

9.59%

Home Loan

24116

27621

14.53%

BUSINESS

Jewel Loan

36828

47732

29.61%

Advances

189009

219018

15.88%

Business

449892

504923

12.23%

PROFITABILITY

Parameters

FY 2022-23

FY 2023-24

Y-o-Y ( %)

Profitability

Net Interest Income

8255

9829

19.07%

Net Interest Margin

2.93%

3.28%

35 bps

Operating Expenses

6422

8722

35.81%

Operating Profit

5942

6764

13.83%

Net Profit

2099

2656

26.54%

Performance Analysis Q4-FY24

PERFORMANCE HIGHLIGHTS

ASSETINDQUALITY

(Rs. In Crores)

Parameters

FY 2022-23

FY 2023-24

Y-o-Y (%)

QUALITY

Gross NPA

14072

6794

-51.72%

Net NPA

3266

1217

-62.74%

GNPA%

7.44%

3.10%

(434 bps)

ASSET

NNPA%

1.83%

0.57%

(126 bps)

STRENGTHENING FINANCIAL INDICATORS

Parameters

FY 2022-23

FY 2023-24

Y-o-Y ( %)

PCR

92.63%

96.85%

422 bps

CRAR

16.10%

17.28%

118 bps

ROA

0.68%

0.81%

13 bps

ROE

15.55%

16.24%

69 bps

Performance Analysis Q4-FY24

FINANCIAL PERFORMANCE

IND

(Rs. In Crores)

Quarter Ending

Year Ending

Growth %

Particulars

Q-o-Q

Y-o-Y

Q4 2023-24

Mar-23

Dec-23

Mar-24

FY 22-23

FY 23-24

(12 M)

Over

Q3 2023-24

Q4 2022-23

Interest Income

5192

6176

6629

19401

24050

7.33%

27.68%

23.96%

Interest Expenses

2916

3778

3866

11145

14221

2.33%

32.58%

27.60%

Net Interest Income

2276

2398

2763

8256

9829

15.22%

21.40%

19.05%

Non Interest Income

1430

1262

2477

4108

5656

96.28%

73.22%

37.68%

Operating Income

3706

3660

5240

12364

15485

43.17%

41.39%

25.24%

Operating Expenses

1824

1879

3279

6422

8722

74.51%

79.77%

35.81%

Operating Profit

1882

1781

1961

5942

6763

10.11%

4.20%

13.82%

Total Provisions

996

702

768

3594

3350

9.40%

-22.89%

-6.79%

Tax expenses

236

356

385

249

757

8.15%

63.14%

204.02%

Net Profit/Loss

650

723

808

2099

2656

11.76%

24.31%

26.54%

Performance Analysis Q4-FY24

TOTAL INCOME

IND

(Rs. In Crores)

Quarter Ending

Year Ending

Growth %

Particulars

Q-o-Q

Y-o-Y

Mar-23

Dec-23

Mar-24

FY 22-23

FY 23-24

Q4 23-24

Over

(12 M)

Q3 23-24

Q4 22-23

Interest on Loans

3632

4614

4760

13151

17576

3.16%

31.06%

33.65%

Interest on Investment

1445

1519

1539

5849

5946

1.32%

6.51%

1.66%

Other Interest Income

115

330

401

528

685.71%

186.96%

31.67%

Total Interest Income

5192

6175

6629

19401

24050

7.35%

27.68%

23.96%

Exchange & Commission

372

319

410

1221

1331

28.53%

10.22%

9.01%

Profit / Loss on Sale of Investments

180

250

273

445.45%

480.65%

9.20%

(Net of Revaluation)

Profit on Exchange

564

193

-16.28%

-56.63%

-65.78%

Recovery from technichal Written of

697

632

908

1711

2372

43.72%

30.32%

38.65%

Account

All other Income

247

235

943

362

1487

301.13%

281.65%

310.68%

Total Non Interest Income

1430

1262

2477

4108

5656

96.28%

73.22%

37.68%

Total Income

6622

7437

9106

23509

29706

22.44%

37.51%

26.36%

Performance Analysis Q4-FY24

FEE BASED INCOME

IND

(Rs. In Crores)

Quarter Ending

Year Ending

Growth %

Particulars

Q-o-Q

Mar-23

Dec-23

Mar-24

FY 22-23

FY 23-24

Q4 2023-24

Y-o-Y

Over

(12 M)

Q3 2023-24

Q4 2022-23

A.Exchange & Commission

151

140

396

363

72.44%

-7.50%

-8.42%

B.Income from Non Fund Based

184

179

10.01%

-7.59%

-2.61%

Business

C.Processing charges

105

138

360

448

31.14%

49.67%

24.36%

D.ATM/DBD Related Income

103

122

320

416

18.37%

45.15%

29.98%

E.Marketing/FI/Govt Business

17.40%

-11.95%

14.49%

F. Miscellaneous Income

197

328

362

-12.92%

-60.66%

10.21%

FEE BASED INCOME (A+B+C+D+E+F)

598

438

544

1651

1839

24.23%

-9.01%

11.40%

Overseas

24.5

36.30%

44.31%

29.44%

Fee Based Income - Global

615

456

569

1716

1923

24.71%

-7.53%

12.08%

Performance Analysis Q4-FY24

TOTAL EXPENSES

IND

(Rs. In Crores)

Quarter Ending

Year Ending

Growth %

Particulars

Q-o-Q

Mar-23

Dec-23

Mar-24

FY 22-23

FY 23-24

Q4 2023-24

Y-o-Y

Over

(12 M)

Q3 2023-24

Q4 2022-23

Interest on Deposits

2717

3283

3337

10536

12609

1.64%

22.82%

19.68%

Interest on Borrowings

200

495

529

609

1611

6.87%

164.50%

164.53%

Total Interest Expenses

2917

3778

3866

11145

14220

2.33%

32.53%

27.59%

Staff Expenses

1098

1269

2517

4099

6140

98.35%

129.23%

49.79%

Other Expenses

726

610

762

2322

2582

24.92%

4.96%

11.20%

Operating Expenses

1824

1879

3279

6421

8722

74.51%

79.77%

35.84%

Total Expenses

4741

5657

7145

17566

22942

26.30%

50.71%

30.60%

Performance Analysis Q4-FY24

NET PROFIT

IND

(Rs. In Crores)

Quarter Ending

Year Ending

Growth %

Particulars

Q-o-Q

Mar-23

Dec-23

Mar-24

FY 22-23

FY 23-24

Q4 2023-24

Y-o-Y

Over

(12 M)

Q3 2023-24

Q4 2022-23

Operating Profit

1882

1780

1961

5942

6764

10.17%

4.20%

13.83%

Provisions

996

702

768

3594

3350

9.40%

-22.89%

-6.79%

of which NPA Provisions

1028

367

409

2858

2706

11.44%

-60.21%

-5.32%

Other Provisions

-32

335

359

736

644

7.16%

-1221.88%

-12.50%

Tax Expenses

236

356

385

249

757

8.15%

63.14%

204.02%

Net Profit

650

722

808

2099

2656

11.91%

24.31%

26.54%

Q-o-Q

Y-o-Y

1882

1961

5942

6764

1780

996

3594

3350

808

650

702

722

768

2099

2656

Mar-23

Dec-23

Mar-24

FY 2022-23

FY 2023-24

Operating Profit

Provisions

Net Profit

Operating Profit

Provisions

Net Profit

Performance Analysis Q4-FY24

Disclaimer

IOB - Indian Overseas Bank published this content on 10 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2024 15:26:11 UTC.