Union Bank Q1 profit jumps 30% to ₹5,332 cr
Standalone net profit of ₹5,332.30 cr vs ₹4,115.53 cr a year ago; GNPA falls to 2.65%. But the numbers were largely guided in the provisional update, and the sequential dip from Mar's ₹5,504 cr tempers the beat.
— 6 earlier stories on Union Bank Of India →What's new
- Net profit rises 29.6% YoY to ₹5,332.30 cr for Q1 FY27.
- Gross NPAs fall to 2.65% from 3.52% a year ago; net NPAs slip to 0.47%.
- Board approves results; auditors give unmodified limited review opinion.
Why this matters
The numbers are solid but expected. The bank had already flagged provisional data, so the earnings release itself carries no new triggers. What matters is whether the bank can sustain NIMs as the CD ratio climbed to 83.4% last quarter.
What we're watching
- Deposit growth vs loan growth trajectory.
- NIM compression risk given the elevated CD ratio.
- Execution of the ₹8,000 cr capital raise plan.
The full read
Union Bank of India posted a 29.6% YoY jump in standalone net profit to ₹5,332.30 crore for the June quarter. Asset quality tightened further: gross NPAs slipped to 2.65% from 3.52% a year ago, and net NPAs fell to 0.47%. Total income was flat, but operating income improved and provisions were controlled. The board approved the results, and auditors gave an unmodified review. On paper, a strong quarter. But the market was already expecting these numbers after the bank's provisional update. The real story is what hasn't changed: the March-quarter profit of ₹5,504 crore was higher, and the credit-deposit ratio jumped to 83.4% in the March quarter. With a ₹8,000 crore capital raise already cleared, the bank's challenge is funding growth without margin compression. This filing confirms the trend — it doesn't change the narrative.
Questions answered
- How does this profit compare to the previous quarter?
- Q1 standalone net profit of ₹5,332.30 cr is slightly lower than ₹5,504 cr in Mar 2026 quarter, but still a strong YoY growth of 29.6%.
- Why is this considered a routine filing?
- The bank had already released a provisional business update, so the final numbers on profitability and asset quality were widely anticipated.
- Did the bank announce any new strategic initiatives?
- No, the filing only covers quarterly results. The board approved the results and the auditors gave an unmodified opinion; no new capital or strategy news emerged.
- What is the bank's capital adequacy ratio?
- The Basel III capital adequacy ratio stood at 18.46%, well above regulatory minimums.
- How much did the bank provide for NPAs this quarter?
- Provisions for NPAs were ₹1,01,955 lakh, while total provisions and contingencies other than tax were ₹97,942 lakh.
Union Bank Of India
Latest quarter · Jun 2026
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All notes on UNIONBANK →- 15 Jul 2026 · 12:17 PM IST Union Bank Q1 profit jumps 30% to ₹5,332 cr
- 7d ago Union Bank hits record ₹5,332 cr profit, NIM widens to 2.80%
- 13d ago Union Bank Q1 profit jumps 30% to ₹5,332 cr; asset quality improves
- 13d ago Union Bank profit rises 30% to ₹5,332 cr in Q1
- 26d ago Union Bank deposits lag loans; CD ratio jumps 714 bps in Q1