Union Bank Q3 net up 15%, but misses analyst estimates

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26 Aug, 2025 12:21

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Moneycontrol Bureau

Public sector bank Union Bank of India Friday reported a 15 percent year-on-year rise in its third quarter net profit to Rs 349 crore, helped by a sharp fall in provisions.

Quarterly net income grew 4 percent to Rs 1963.5 crore.

Both numbers were way short of what analysts were expecting. A CNBC-TV18 poll of analysts had estimated NII at Rs 2068 crore and net profit at Rs 418 crore.

Gross non-performing assets of the bank climbed to 3.85 percent from 3.64 percent in the September quarter. Net NPAs increased to 2.26 percent from 2.15 percent.

Quarterly provisions stood at Rs 610 crore for the quarter, down 29 percent compared to Rs 857 crore during the same period last year. The bank’s capital adequacy ratio (as per Basel III norms) stood at 10.12 percent.