Union Bank (I)

Market Cap: Large Cap
Industry: Public Banks
ISIN: INE692A01016
NSEID: UNIONBANK
BSEID: 532477

INR

118.85

2.1 (1.8%)

BSENSE

Apr 11, 12:53 PM

BSE+NSE Vol: 64.67 lacs

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Quarterly Results

Results Snapshot

YoYQoQ

Figures in Rs cr

Standalone Quarterly Results

Dec'24

Sep'24

Jun'24

Mar'24

Dec'23

Sep'23

Jun'23

Interest Earned

26,957.93

26,708.43

26,364.39

26,350.10

25,362.96

24,586.98

23,477.93

Income On Investments

5,786.71

5,909.23

5,698.18

5,608.27

5,658.19

5,616.26

5,584.71

Interest On Balances With Rbi Other Inter Bank Funds

1,089.69

1,318.84

1,215.33

1,198.89

1,209.05

1,336.74

1,110.18

Interest / Discount On Advances / Bills

19,976.18

19,380.91

19,361.64

19,451.35

18,376.63

17,504.14

16,638.92

Others

105.35

99.45

89.24

91.59

119.09

129.84

144.12

Other Income

4,416.57

5,328.03

4,509.23

4,707.42

3,774.30

3,695.15

3,903.32

Total Income

31,374.50

32,036.46

30,873.62

31,057.52

29,137.26

28,282.13

27,381.25

Interest Expended

17,717.66

17,661.17

16,952.30

16,913.47

16,194.95

15,460.91

14,638.23

Net Interest Income

9,240.27

9,047.26

9,412.09

9,436.63

9,168.01

9,126.07

8,839.70

Total Expenditure (Excl Depreciation)

6,165.02

6,262.53

6,136.01

7,611.12

5,664.76

5,600.38

5,563.70

Employee Cost

3,467.81

3,562.67

3,568.03

4,829.12

3,279.47

3,085.33

3,183.26

Other Operating Expenses

2,697.21

2,699.86

2,567.98

2,782.00

2,385.29

2,515.05

2,380.44

Operating Profit Before Provisions and Contingencies

7,491.82

8,112.76

7,785.31

6,532.93

7,277.55

7,220.84

7,179.32

Exceptional Items

0.00

Provisions and contingencies

1,599.05

1,712.20

2,755.81

1,259.55

1,747.79

1,767.87

2,005.03

Profit Before Tax

5,892.77

6,400.56

5,029.50

5,273.38

5,529.76

5,452.97

5,174.29

Tax

1,289.14

1,680.82

1,350.65

1,962.83

1,939.85

1,941.55

1,937.85

Profit After Tax

4,603.63

4,719.74

3,678.85

3,310.55

3,589.91

3,511.42

3,236.44

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

4,603.63

4,719.74

3,678.85

3,310.55

3,589.91

3,511.42

3,236.44

Face Value

10.0

Reserves

0.00

Earnings per share (EPS)

6.03

6.18

4.82

4.34

4.84

4.74

Diluted Earnings per share

6.03

6.18

4.82

4.42

4.84

5.06

4.74

Operating Profit Margin (Excl OI)

71.2%

70.14%

66.27%

66.34%

70.77%

70.03%

67.76%

Gross Profit Margin

21.86%

23.96%

19.08%

20.01%

21.8%

22.18%

22.04%

PAT Margin

17.08%

17.67%

13.95%

12.56%

14.15%

14.28%

13.79%

Net Interest Margin

2.91%

2.9%

3.05%

3.09%

3.08%

3.18%

3.13%

Return on Assets

0.0%

CASA (%)

33.43%

32.72%

33.4%

34.2%

34.4%

34.66%

34.6%

CASA Amount

3,95,328.00

3,96,295.00

3,99,480.00

4,10,134.00

3,97,107.00

3,88,229.00

3,85,084.00

Capital Adequacy Ratio (Total)

16.72%

17.13%

17.02%

16.97%

15.03%

16.69%

15.95%

Capital Adequacy Ratio (Tier 1)

14.89%

15.22%

15.14%

14.99%

13.06%

14.57%

13.86%

Provision Coverage Ratio (%)

93.42%

92.79%

93.49%

92.69%

92.54%

92.03%

90.86%

Amount of Gross NPAs

36,554.25

40,498.86

41,422.94

43,097.73

43,261.88

54,012.26

60,103.72

Amount of Net NPAs

7,568.36

8,758.59

7,902.04

8,989.92

9,351.23

10,421.01

12,137.89

% of Net NPAs

0.82%

0.98%

0.9%

1.03%

1.08%

1.3%

1.58%

% of Gross NPAs

3.85%

4.36%

4.54%

4.76%

4.83%

6.38%

7.34%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Pledged Capital (%)

0.0%

Number of ATMs

9087.0

9124.0

9342.0

8982.0

9889.0

10013.0

10195.0

Number of Branches

8574.0

8555.0

8473.0

8466.0

8479.0

8521.0

8561.0

Quarterly Analysis Highlights - QoQ

Interest Earned

QoQ Growth in quarter ended Dec 2024 is 0.93% vs 1.3% in Sep 2024

Net Profit

QoQ Growth in quarter ended Dec 2024 is -2.46% vs 28.29% in Sep 2024

Operating Profit (PBDIT)

QoQ Growth in quarter ended Dec 2024 is -7.65% vs 4.21% in Sep 2024

% of Net NPAs

QoQ Growth in quarter ended Dec 2024 is -0.16% vs 0.08% in Sep 2024

% of Gross NPAs

QoQ Growth in quarter ended Dec 2024 is -0.51% vs -0.18% in Sep 2024

Compare Quarterly Results Of Union Bank (I) With

Select Peers

Figures in Rs cr

Standalone Quarterly Results

Change(INR)

Change(%)

Interest Earned

26,957.93

31,339.83

-4,381.90

-13.98%

Income On Investments

5,786.71

7,740.77

-1,954.06

-25.24%

Interest On Balances With Rbi Other Inter Bank Funds

1,089.69

836.70

252.99

30.24%

Interest / Discount On Advances / Bills

19,976.18

22,239.99

-2,263.81

-10.18%

Others

105.35

522.37

-417.02

-79.83%

Other Income

4,416.57

3,411.87

1,004.70

29.45%

Total Income

31,374.50

34,751.70

-3,377.20

-9.72%

Interest Expended

17,717.66

20,307.58

-2,589.92

-12.75%

Net Interest Income

9,240.27

11,032.25

-1,791.98

-16.24%

Total Expenditure (Excl Depreciation)

6,165.02

7,823.57

-1,658.55

-21.2%

Employee Cost

3,467.81

5,263.78

-1,795.97

-34.12%

Other Operating Expenses

2,697.21

2,559.79

137.42

5.37%

Operating Profit Before Provisions and Contingencies

7,491.82

6,620.55

871.27

13.16%

Exceptional Items

0.00

Provisions and contingencies

1,599.05

-285.40

1,884.45

660.28%

Profit Before Tax

5,892.77

6,905.95

-1,013.18

-14.67%

Tax

1,289.14

2,397.74

-1,108.60

-46.24%

Profit After Tax

4,603.63

4,508.21

95.42

2.12%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

4,603.63

4,508.21

95.42

2.12%

Face Value

10.00

2.00

0.00

Reserves

0.00

Earnings per share (EPS)

6.03

3.92

2.11

53.83%

Diluted Earnings per share

6.03

3.92

2.11

53.83%

Operating Profit Margin (Excl OI)

71.20%

75.95%

0.00

-4.75%

Gross Profit Margin

21.86%

22.04%

0.00

-0.18%

PAT Margin

17.08%

14.38%

0.00

2.70%

Net Interest Margin

2.91%

2.93%

-0.02

-0.02%

Return on Assets

0.00%

0.00

0.00%

CASA (%)

33.43%

38.12%

-4.69

-4.69%

CASA Amount

3,95,328.00

5,62,156.00

-1,66,828.00

-29.68%

Capital Adequacy Ratio (Total)

16.72%

15.41%

1.31

1.31%

Capital Adequacy Ratio (Tier 1)

14.89%

12.53%

2.36

2.36%

Provision Coverage Ratio (%)

93.42%

96.77%

-3.35

-3.35%

Amount of Gross NPAs

36,554.25

45,413.98

-8,859.73

-19.51%

Amount of Net NPAs

7,568.36

4,437.43

3,130.93

70.56%

% of Net NPAs

0.82%

0.41%

0.41

0.41%

% of Gross NPAs

3.85%

4.09%

-0.24

-0.24%

Public Share Holdings (%)

0.00%

0.00

0.00%

Pledged Promotor Holding (%)

0.00%

0.00

0.00%

Pledged Capital (%)

0.00%

0.00

0.00%

Number of ATMs

9,087.00

12,034.00

-2,947.00

-24.49%

Number of Branches

8,574.00

10,168.00

-1,594.00

-15.68%

Quarterly - Interest Earned

Interest Earned 26957.93 Cr

in Dec 2024

Figures in Rs Cr

QoQ Growth in quarter ended Dec 2024 is 0.93% vs 1.3% in Sep 2024

YoY Growth in quarter ended Dec 2024 is 6.29% vs 21.45% in Dec 2023

Quarterly - Net Profit

Net Profit 4,603.63 Cr

in Dec 2024

Figures in Rs Cr

QoQ Growth in quarter ended Dec 2024 is -2.46% vs 28.29% in Sep 2024

YoY Growth in quarter ended Dec 2024 is 28.24% vs 59.92% in Dec 2023

Quarterly - Operating Profit (PBDIT)

Operating Profit (PBDIT) 7,491.82 Cr

in Dec 2024

Figures in Rs Cr

QoQ Growth in quarter ended Dec 2024 is -7.65% vs 4.21% in Sep 2024

YoY Growth in quarter ended Dec 2024 is 2.94% vs 9.95% in Dec 2023

Quarterly - % of Net NPAs

% of Net NPAs 0.82%

in Dec 2024

Figures in Rs %

QoQ Growth in quarter ended Dec 2024 is -0.16% vs 0.08% in Sep 2024

YoY Growth in quarter ended Dec 2024 is -0.26% vs -1.06% in Dec 2023

Quarterly - % of Gross NPAs

% of Gross NPAs 3.85%

in Dec 2024

Figures in Rs %

QoQ Growth in quarter ended Dec 2024 is -0.51% vs -0.18% in Sep 2024

YoY Growth in quarter ended Dec 2024 is -0.98% vs -3.10% in Dec 2023