Union Bank of India's Q1 FY 2025-26 Quarterly Results
- 2d ago
Result Summary
- Union Bank of India reported a 2.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1FY26). On a year-on-year (YoY) basis, it witnessed a growth of 3.3%.
- Its expenses for the quarter were up by 1.3% QoQ and 8.1% YoY.
- The net profit increased 33.0% QoQ and increased 21.6% YoY.
- The earnings per share (EPS) of Union Bank of India stood at 5.8 during Q1FY26.
Financial Statments for Q1FY26
| (₹ crores) | Q1FY26 | Q4FY25 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 32343.93 | 31611.58 | 31325.47 | 2.3% | 3.3% |
Total Expenses | 25407.98 | 25077.73 | 23514.22 | 1.3% | 8.1% |
Provisions & contingencies | 1667.27 | 1252.65 | 2856.76 | 33.1% | -41.6% |
Profit Before Tax | 5268.68 | 5281.20 | 4954.49 | -0.2% | 6.3% |
Tax | 1132.11 | 1971.35 | 1353.54 | -42.6% | -16.4% |
Profit After Tax | 4427.94 | 3328.27 | 3641.78 | 33.0% | 21.6% |
Earnings Per Share | 5.80 | 4.40 | 4.80 | 31.8% | 20.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Union Bank of India is a leading public sector bank in India, offering a wide range of banking and financial services. The bank's offerings include retail banking, corporate banking, and treasury operations, catering to both individual and corporate clients. Union Bank of India has a significant presence across the country with an extensive branch network and a growing digital banking platform. Recent developments in the banking sector, such as regulatory changes and advancements in digital banking technologies, have influenced the bank's strategic initiatives. However, specific recent developments related to Union Bank of India were not provided in the data.
Revenue
In the first quarter of fiscal year 2026, Union Bank of India reported a total income of ₹32,343.93 crores. This reflects a quarter-over-quarter increase of 2.3% from ₹31,611.58 crores in Q4FY25 and a year-over-year growth of 3.3% compared to ₹31,325.47 crores in Q1FY25. The consistent growth in total income indicates a steady increase in the bank's revenue-generating activities over both the quarter and the year. The bank's ability to maintain revenue growth amidst competitive and economic challenges highlights its operational strength and market presence.
Profitability
For Q1FY26, Union Bank of India posted a profit before tax of ₹5,268.68 crores, slightly down by 0.2% from the previous quarter's ₹5,281.20 crores but up by 6.3% from the same quarter last year, which was ₹4,954.49 crores. The profit after tax for the quarter was ₹4,427.94 crores, showing a significant increase of 33.0% from ₹3,328.27 crores in Q4FY25 and a 21.6% improvement from ₹3,641.78 crores in Q1FY25. This increase in profit after tax can be attributed to a substantial reduction in tax expenses, which decreased by 42.6% quarter-over-quarter and 16.4% year-over-year. The earnings per share for Q1FY26 stood at ₹5.80, up by 31.8% from the previous quarter and 20.8% from the same quarter last year.
Operating Metrics
Union Bank of India's total expenses for Q1FY26 were recorded at ₹25,407.98 crores, marking a 1.3% increase from Q4FY25's ₹25,077.73 crores and an 8.1% rise from Q1FY25's ₹23,514.22 crores. The provision and contingencies for the current quarter were ₹1,667.27 crores, which is 33.1% higher than the previous quarter but 41.6% lower than the same period last year. These figures suggest changes in the bank's risk management and financial provisioning strategies over the analyzed periods. The bank's focus on managing its expenses and provisions effectively is critical to maintaining its operational efficiency and profitability.