UCO Bank has informed the Exchange about Transcript
UCOBANK · price
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UCO Bank's Q1 FY26 earnings call highlighted total business of Rs. 5,23,736 crores (up 13.51% YoY), with deposits at Rs. 2,98,635 crores and advances at Rs. 2,25,101 crores (up 16.48% YoY). Net profit grew 10% to Rs. 607 crores and operating profit rose 18% to Rs. 1,562 crores, though the management noted that net profit was lower than the prior quarter partly due to lower recovery from written-off accounts. Asset quality improved sharply with Gross NPA at 2.63% (down 69 bps YoY) and Net NPA at 0.45%, while the cost-to-income ratio improved to 54.06% (lowest in 7-8 quarters). The bank disclosed a sanctioned pipeline of Rs. 5,000-7,000 crores and unavailed corporate credit limits of Rs. 10,000-12,000 crores, and confirmed plans to raise capital (QIP/OFS) once government approval is received, given 90% government holding.
Positive signals on growth momentum and asset quality, but near-term margin pressure persists due to repo rate cuts. Shareholders can expect steady credit growth (12-14% guidance), improving return ratios (ROA may cross 1% by next year), and a potential capital raise that could be dilutive depending on timing and mode.