Union Bank of India shares surged 3% in morning trade after the lender reported robust financial performance for the fourth quarter of FY25. As of 9:27 AM, the shares were trading 3.58% higher at Rs 119.72.
The bank posted a significant 50.6% year-on-year jump in standalone net profit, reaching ₹4,985 crore compared to ₹3,310 crore in the same quarter last year. This impressive growth was supported by a healthy rise in operating profit, which stood at ₹7,700 crore, up 17.9% from ₹6,533 crore a year ago.
Despite a modest 1% increase in Net Interest Income to ₹9,514 crore from ₹9,437 crore, the improvement in asset quality was a key highlight. Gross Non-Performing Assets (NPA) declined to 3.6% from 3.85% quarter-on-quarter, while Net NPA improved to 0.63% from 0.82%, reflecting stronger risk management and recovery efforts. Provisions came in at ₹1,544 crore, slightly lower than the previous quarter’s ₹1,599 crore but up 22.6% year-on-year from ₹1,260 crore, indicating prudent provisioning amid credit growth.
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