UCO Bank has announced its Q1 results for FY26, reporting a 10% year-on-year rise in net profit to ₹607 crore, compared to ₹551 crore in the same quarter last year. The strong growth was supported by an improvement in core income and asset quality.
Net Interest Income (NII), a key indicator of a bank’s performance, rose 7% to ₹2,403 crore from ₹2,254 crore in Q1FY25. The bank also showed healthy progress on the asset quality front.
Gross Non-Performing Assets (GNPA) came down to 2.63% from 2.69% in the previous quarter, while Net NPA declined to 0.45% from 0.50% sequentially. Provisions for the quarter dropped to ₹616 crore from ₹663 crore in Q4FY25.
In the meantime, UCO Bank shares traded in a narrow range today, opening at ₹32.29 and touching a high of ₹32.40. The stock slipped to an intraday low of ₹31.70. Currently, it remains well below its 52-week high of ₹60.68 but comfortably above the 52-week low of ₹26.81.
