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Informist, Wednesday, Jan. 14, 2026

 

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--Union Bank Oct-Dec net profit INR 50.17 bln
--Analysts saw Union Bank Oct-Dec net profit at INR 41.11 bln     
--Union Bank Oct-Dec total income INR 309.84 bln
--Union Bank Oct-Dec net profit INR 50.17 bln vs INR 46.04 bln year ago
--Union Bank Oct-Dec total income INR 309.84 bln vs INR 309.60 bln yr ago
--Union Bank Oct-Dec provisions INR 3.22 bln vs INR 15.99 bln year ago
--Union Bank Oct-Dec NPA provisions INR 2.35 bln vs INR 14.77 bln year ago
--Union Bank gross NPA ratio 3.06% as on Dec 31 vs 3.29% qtr ago
--Union Bank net NPA ratio 0.51% as on Dec 31 vs 0.55% qtr ago
--Union Bank Apr-Dec net profit INR 133.81 bln vs INR 130.02 bln year ago
--Union Bk Basel III capital adequacy ratio 16.49% as on Dec 31
--Union Bank Apr-Dec total income INR 935.76 bln vs INR 929.69 bln year ago
--Union Bank shares at INR 170.25, up INR 4.06 or 2.4% vs down 0.2?rlier
--Union Bank provision coverage ratio 95.13% as on Dec 31
--Union Bank shares rise; Q3 net profit beats estimates by wide margin
--Union Bank Oct-Dec net interest margin 2.76% vs 2.67% qtr ago
--Union Bank Oct-Dec net interest income INR 93.28 bln, up nearly 6% on qtr
--Union Bank Oct-Dec cost of deposits 5.31% vs 5.48% qtr ago
--Union Bank Oct-Dec credit cost 0.09% vs 0.22% qtr ago
--Union Bank Oct-Dec fresh slippages INR 16.60 bln vs INR 18.20 bln yr ago
--Union Bank Oct-Dec write offs INR 11.24 bln vs INR 40.59 bln year ago

 

By Shruti Nair and Suryash Kumar

 

MUMBAI – Union Bank of India's net profit for the December quarter surpassed Street's estimates by a wide margin on the back of a sharp fall in provisions. The bank's bottom line rose sequentially as well. The bank's improving asset quality facilitated the reduction in its provisions.

 

The lender's bottom line for the reporting quarter rose nearly 9% on year to INR 50.17 billion. Sequentially, the net profit rose over 18%. The state-owned bank's net profit beat analysts' expectations. Brokerages had expected the bank's net profit to fall 11% to INR 41.11 billion for the December quarter.

 

The bank's total income rose marginally year-on-year to INR 309.85 billion in Oct-Dec. Sequentially, however, the bank's total income fell nearly 1%. Interest income for the December quarter was marginally down on year at INR 264.43 billion, while it increased nearly 1% on quarter. The bank's other income for the quarter was up nearly 3% on year to INR 45.41 billion but declined over 9% on quarter.

 

The bank's provisions for the quarter declined nearly 80% on year and nearly 77% sequentially to INR 3.22 billion. Provisions for non-performing assets declined nearly 84% on year and over 55% sequentially to INR 2.35 billion. In the same period a year ago, the bank's provisions were INR 15.99 billion. NPA provisions for the December quarter fell sharply to INR 2.35 billion from INR 14.77 billion in the same period a year ago.

 

The bank's gross non-performing asset ratio improved 79 basis points on year and 23 bps sequentially to 3.06%. Its provision coverage ratio was 95.13% as of Dec. 31, up from 93.42% as on Dec. 31, 2024. The bank's net interest margin was 2.76% and the net interest income was INR 93.28 billion. In the same quarter last financial year, the bank's net interest margin was 2.91% and net interest income was INR 92.40 billion. In the September quarter, the net interest income was INR 88.12 billion.

 

The bank's global advances were INR 10.17 trillion as of Dec. 31, up 7.13% from INR 9.49 trillion a year earlier. Global deposits were at INR 12.23 trillion as of Dec. 31, up 3.4% from INR 11.83 trillion last year.

 

Its capital adequacy ratio for the December quarter was 16.49%, down from 17.07% in the September quarter. The bank's cost of deposits fell to 5.31% in the December quarter from 5.48% in the September quarter. Credit cost improved to 0.09% from 0.22% in the September quarter. Fresh slippages in the December quarter declined to INR 16.60 billion compared with INR 18.20 billion a year ago. Write offs were lower at INR 11.24 billion compared with INR 40.59 billion a year ago.

 

The bank's net profit for the nine months ended December rose to INR 133.81 billion from INR 130.02 billion in the same period last financial year. Total income for the nine-month period rose to INR 935.76 billion from INR 929.69 billion same period last year.

 

Shares of the bank rose to a high of INR 180.69 on the National Stock Exchange after the results were declared. The shares ended at INR 179.27, up nearly 8% from previous day's close.  End

 

Edited by Tanima Banerjee and Ashish Shirke

 

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