Indian Overseas Bank announced unaudited standalone financial results for the third quarter and nine months ended December 31, 2011. For the quarter, the company reported total income of INR 50,153.3 million against INR 34,528.6 million a year ago. Net profit from ordinary activities before tax was INR 1,548.8 million against INR 4,458.7 million a year ago. Net profit for the period was INR 1,082.7 million or INR 1.75 per basic and diluted share against INR 2,316.6 million or INR 4.25 per basic and diluted share a year ago. Return on assets was 0.21% against 0.60% a year ago. Interest income increased to INR 46,040 million from INR 31,020 million reported last year. Net interest income increased to INR 12,220 million from INR 11,300 million reported last year. For the nine months, the company reported total income of INR 141,619.6 million against INR 94,099.8 million a year ago. Net profit from ordinary activities before tax was INR 6,829.5 million against INR 10,613.0 million a year ago. Net profit for the period was INR 5,213.1 million or INR 8.43 per basic and diluted share against INR 6,382.5 million or INR 11.72 per basic and diluted share a year ago. Return on assets was 0.35% against 0.58% a year ago. Book value per share as on December 31, 2011 was INR 124.9 against INR 125.13 a year ago. Operating Profit for the nine months increased 34.41% to INR 25,320 million from INR 18,840 million reported last year.