Shares of City Union Bank Ltd surged nearly 3% to ₹178.40 in early trade on Monday, following the announcement of the bank’s fourth-quarter earnings. The stock gained ₹4.92 or 2.84% over its previous close of ₹173.48, touching a day high of ₹181.90.
The private sector lender reported a 13% year-on-year rise in net profit at ₹288 crore for the January–March 2025 quarter, compared to ₹254.8 crore in the same period last year. Sequentially, the profit also improved, backed by better asset quality and steady growth in income.
Net interest income (NII) for the quarter increased by 9.8% YoY, reaching ₹600.3 crore from ₹546.5 crore a year earlier. The improvement in NII reflects higher interest income amid controlled funding costs.
Asset quality also showed positive movement. Gross non-performing assets (GNPA) dropped to 3.09% in Q4 FY25 from 3.36% in the previous quarter, while net NPA (NNPA) declined to 1.25% from 1.42%. Provisions for the quarter stood at ₹78 crore, rising slightly from ₹75 crore in Q3 but higher than ₹32 crore in Q4 FY24.
The bank’s board has recommended a final dividend of ₹2 per equity share (200%) for FY25, subject to shareholder approval at the upcoming Annual General Meeting.
