UCO Bank has informed the Exchange regarding 'Presentation on Financial Results -Q1FY26'.
UCOBANK · price
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Awaiting price reaction for this filing.
UCO Bank reported Q1FY26 net profit of ₹607 Cr, up 10.25% YoY, supported by 18.24% YoY growth in operating profit to ₹1,562 Cr. Global business grew 13.51% YoY to ₹5,23,736 Cr, with deposits up 11.37% to ₹2,98,635 Cr and advances up 16.48% to ₹2,25,101 Cr. Asset quality improved meaningfully with Gross NPA at 2.63% (down 69 bps YoY) and Net NPA at 0.45% (down 33 bps YoY), while Provision Coverage Ratio rose to 96.88%. However, Global NIM slipped to 2.96% from 3.09% YoY, falling short of management's FY26 guidance of 3–3.10%. The bank plans to raise up to ₹2,700 Cr in equity capital during FY26 and maintains a healthy CRAR of 17.09%.
Steady profit growth and improving asset quality are positives, but NIM contraction below stated guidance may temper near-term investor sentiment. Strong capital position and healthy credit growth provide a solid foundation for sustained performance.