UCO Bank has informed the Exchange about Transcript
UCOBANK · price
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UCO Bank reported strong Q4 FY26 results with net profit of Rs.801 crore (up 22% YoY) and full-year profit of Rs.2,768 crore (up 13.21%). Business grew 14.95% YoY with gross advances up 19.44% and deposits up 11.59%. The bank surpassed its own guidance across almost all parameters—credit growth achieved 19.44% versus 12-15% guidance, NIM was 3.03% versus 2.8-2.9% guidance, and both gross NPA (2.17%) and net NPA (0.27%) came in better than guidance. Asset quality improved significantly with PCR at 97.79%. The bank maintained a large ECL provision buffer of Rs.1,900 crore and declared dividend of 44 paise per share. Management reiterated guidance for FY27 of 12-14% credit growth and 2.8-2.9% NIM, expressing confidence in surpassing targets as done in previous years. Digital transformation under Project Parivartan has completed 31 journeys with Rs.25,000 crore digital business. The bank targets ROA of 0.95-1% by end of FY27.
The bank has delivered comprehensive outperformance on all key metrics with strong asset quality improvements and digital growth momentum. Management's track record of beating conservative guidance, combined with the Rs.14,000 crore corporate pipeline and improving ROA trajectory toward 1%, suggests continued positive momentum. The Rs.1,900 crore provision buffer provides significant cushion against any MSME stress from geopolitical factors.