UCO Bank Q4FY26: Profit Up 23%, ₹0.44 Dividend, ₹2,700Cr Equity Raise Planned
UCOBANK · price
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UCO Bank's board approved FY26 audited results with net profit up ~13% YoY to ₹2,767 crore, and Q4 net profit up ~23% YoY to ₹801 crore. Board recommended ₹0.44/share dividend (4.4% of face value), subject to shareholder approval. Also approved raising 270 crore equity shares (₹2,700 crore) via QIP/FPO and ₹5,000 crore via BASEL III AT1/Tier-II/infra bonds in FY27. Gross NPA improved to 2.17% (from 2.69%) and Net NPA to 0.27% (from 0.50%). Capital adequacy at 18.51%.
Strong profit growth and improving asset quality are positive; ₹0.44 dividend rewards shareholders. However, ₹2,700 crore equity raise signals potential dilution.