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Home / Company Results / Union Bank of India Q1 FY27 Net Profit Soars 29.56% to ₹5,332 Crore
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Union Bank of India Q1 FY27 Net Profit Soars 29.56% to ₹5,332 Crore

BY ADMIN • FILED 15 Jul 2026, 4:18 PM

Union Bank of India has delivered a strong start to FY2026-27, reporting a robust increase in profitability for the quarter ended June 30, 2026. The public sector lender posted nearly 30% year-on-year growth in standalone net profit, supported by higher operating earnings, stable income growth, and a stronger capital position.

The financial results were approved by the bank’s Board of Directors at its meeting held on July 15, 2026.

Q1 FY27 Financial Highlights

Union Bank of India recorded healthy growth across its key financial metrics during the first quarter.

Key Performance Highlights

  • Net Profit: ₹5,332.30 crore, up 29.56% YoY from ₹4,115.53 crore.
  • Operating Profit: ₹8,002.58 crore, registering 15.83% YoY growth from ₹6,908.66 crore.
  • Total Income: ₹31,806.20 crore, an increase of 1.28% YoY.
  • Interest Earned: ₹27,203.19 crore, rising 1.05% YoY.
  • Earnings Per Share (EPS): Improved to ₹6.99 from ₹5.39 in the corresponding quarter last year.

The significant increase in profit despite moderate income growth reflects improved operational efficiency, disciplined cost management, and better utilization of the bank’s assets.

Capital Position Strengthens

Union Bank further enhanced its capital adequacy during the quarter, providing a solid foundation for future business growth.

  • Capital Adequacy Ratio (Basel III): 18.46%, compared with 18.30% a year earlier.
  • Common Equity Tier-I (CET-I) Ratio: Improved to 16.38% from 15.30% in Q1 FY26.

The stronger capital ratios provide the bank with greater financial flexibility to support credit growth while maintaining regulatory compliance.

Asset Quality

The bank continued to closely monitor its loan portfolio during the quarter.

  • Gross Non-Performing Assets (GNPA): ₹29,092.72 crore as of June 30, 2026.

Although the bank did not disclose the Gross and Net NPA ratios in the financial highlights, the continued focus on asset quality remains an important priority for sustaining profitability.