India · Delayed Price · Currency is INR Union Bank of India Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY 2026-2027 saw net profit rise 29.57% year-over-year to INR 5,332 crore, with strong growth in operating profit, improved asset quality, and robust capital ratios. Strategic focus on efficiency, digital transformation, and ESG leadership underpinned performance.
Fiscal Year 2026
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Net profit rose to INR 18,697 crore with strong asset quality and capital ratios. Credit growth guidance is 13%-14% for FY27, with NIM expected to be stable or improve, and a continued focus on quality growth and profitability.
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Net profit exceeded INR 5,000 crore for the first time, driven by strong RAM segment growth, improved asset quality, and strategic portfolio restructuring. NIMs are expected to improve, credit costs remain low, and digital initiatives are enhancing operational efficiency.
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Net profit rose 3.25% QoQ to INR 4,249 crore, with strong asset quality and robust capital ratios. Management targets system-level loan growth by March 2026, focusing on RAM segment expansion and margin protection. NIM stabilization and prudent provisioning are expected to support future performance.
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Q1 FY2026 net profit rose 12% year-over-year to INR 4,116 crore, with strong RAM and retail growth but moderated overall credit and deposit growth. NIM declined to 2.76%, and PSLC income is expected to remain subdued due to regulatory changes.
Fiscal Year 2025
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Record annual net profit and improved asset quality were achieved, though credit and deposit growth lagged guidance due to a strategic focus on profitability. Margins face pressure from RBI rate cuts, but strong capital adequacy and a robust recovery pipeline support a positive outlook.
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Net profit rose 28.2% YoY in Q3FY25, with strong asset quality and capital adequacy. Deposit and advance growth moderated due to strategic reduction in bulk deposits, but non-interest income and recoveries remained robust. Digital initiatives and a strong recovery pipeline support future growth.
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Operating and net profits hit record highs with strong asset quality improvement and robust capital ratios. Despite a large one-off slippage, guidance for credit growth, NIM, and recoveries remains intact, supported by digital initiatives and a healthy pipeline.
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Net profit rose 13.7% year-over-year to INR 3,679 crore, with strong operating profit and improved asset quality. Deposit and advance growth aligned with guidance, while a one-off standard asset provision was made for potential stress. Capital adequacy remains robust and digital frauds are being proactively managed.