Union Bank Q1 Results: 12% profit increased to 4116 crores in the first quarter, but income from interest decreased

Union Bank of India Q1 Results: The public sector Union Bank of India increased the net profit by 12 percent to Rs 4,116 crore during the first quarter (April-June) of the current financial year 2025-26. During the same period of the last financial year, the bank had a net profit of Rs 3,679 crore. In a information given by Union Bank to the stock market on Saturday, it was told that the income of the bank increased to Rs 31,791 crore during the first quarter, which was Rs 30,874 crore during the same period a year ago.

Reduction in net interest income

The bank’s interest income increased to Rs 27,296 crore in the quarter under review, which was Rs 26,364 crore in the same quarter of the last financial year. But the bank’s net interest income was reduced to Rs 9113 crore during the quarter, which was Rs 9,412 during the same period of the previous financial year.

Union Bank’s operational benefit also decreased by 11 percent to Rs 6,909 crore during the quarter ended in June, which was Rs 7,785 crore during the same Awadh of the previous financial year.

Net NPA reduced

The bank’s pure NPA or poor loan declined to 0.62% against the 0.90% of the same quarter of a year ago. With this, the provision of the bank for poor loans during the first quarter decreased to Rs 1,153 crore, while it was Rs 1,651 crore a year ago.

Provision Coverage Ratio increased from 93.49% to 94.65%, which is an improvement of 1.16%. At the same time, the bank said that the Return (ROA) on assets for June 2025 increased from 1.06% to 1.11% in June 2024, indicating an improvement of 0.05%. The bank’s capital adequacy ratio (CAR) increased to 18.3%, which was 17.02% in the same quarter of the previous financial year.

Union Bank’s asset quality improved and these gross non-performing assets (NPA) declined to 3.52% of the total debt at the end of the June quarter, which was 4.54% a year ago. In the end of June 2024, the total debt of the bank increased by 6.83% to Rs 9,74,489 crore, which was Rs 9,12,214 crore in the same quarter of the previous financial year.