Union Bank of India's Q2 FY 2025-26 Quarterly Results

Result Summary

• Union Bank of India reported a 0.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 1.8%.
• Its expenses for the quarter were down by 0.1% QoQ and up 2.9% YoY.
• The net profit increased -0.0% QoQ and decreased 6.8% YoY.
• The earnings per share (EPS) of Union Bank of India stood at 5.8 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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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 one of the prominent public sector banks in India, primarily engaged in providing a wide range of banking and financial services. The bank caters to retail, corporate, and international customers, offering products such as savings and current accounts, loans, credit cards, and investment services. Union Bank of India has a significant presence across the nation with numerous branches and ATMs. The bank is also involved in various initiatives to enhance digital banking services, aligning with the broader industry trend towards digital transformation. Recent developments may include efforts to improve financial inclusion, expand digital offerings, and strengthen customer service, although specific recent updates are not available from the provided data.

Revenue

The financial data for Q2FY26 shows that Union Bank of India reported a total income of ₹32,215.12 crores. This represents a slight decrease of 0.4% from the previous quarter (Q1FY26), where the total income was ₹32,343.93 crores. Year-over-year, the total income decreased by 1.8% from ₹32,812.12 crores in Q2FY25. The bank's revenue streams are likely diversified across interest income, fees, and commissions, which are typical for a bank of this size. Despite the decrease in total income, the bank's ability to maintain a substantial revenue base indicates its entrenched position in the Indian banking sector.

Profitability

Union Bank of India's profitability for Q2FY26 reveals a Profit Before Tax (PBT) of ₹5,452.51 crores, which marks a 3.5% increase from the previous quarter's PBT of ₹5,268.68 crores. However, this is a 14.9% decline compared to the PBT of ₹6,405.89 crores in Q2FY25. The Profit After Tax (PAT) for Q2FY26 was ₹4,425.95 crores, almost unchanged from Q1FY26, which reported a PAT of ₹4,427.94 crores. Compared to Q2FY25, there is a 6.8% decrease from a PAT of ₹4,750.93 crores. The Earnings Per Share (EPS) remained consistent at 5.80 from the previous quarter but showed a decrease from 6.22 in the same quarter last year. The bank has managed to sustain its profitability despite facing challenges reflected in the year-over-year comparison.

Operating Metrics

For Q2FY26, Union Bank of India's total expenses were reported at ₹25,370.33 crores, which is a minor reduction of 0.1% compared to ₹25,407.98 crores in Q1FY26. This figure shows an increase of 2.9% when compared to the ₹24,667.20 crores in Q2FY25. Provisions and contingencies saw a significant quarter-over-quarter decrease of 16.5% from ₹1,667.27 crores in Q1FY26 to ₹1,392.28 crores in Q2FY26, and a year-over-year decrease of 19.9% from ₹1,739.03 crores in Q2FY25. The bank's tax expenditure in Q2FY26 was ₹1,171.24 crores, reflecting a 3.5% increase from Q1FY26 and a substantial decrease of 30.5% compared to Q2FY25. These metrics suggest that the bank is actively managing its operational costs and provisions to align with its financial performance objectives.