Union Bank of India has informed the Exchange regarding Outcome of Board Meeting held on May 08, 2025.
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Awaiting price reaction for this filing.
Union Bank of India reported strong FY25 results with standalone net profit of ₹17,987 crore, up 31.8% from ₹13,648 crore in FY24. Q4 FY25 net profit surged 50.6% YoY to ₹4,985 crore from ₹3,311 crore. Total income grew 10.1% to ₹1,27,539 crore, with interest earned rising 8% to ₹1,07,726 crore. Asset quality improved sharply — gross NPAs fell to 3.83% (from 4.76%) and net NPAs dropped to 0.63% (from 1.03%), while Capital Adequacy Ratio strengthened to 18.02% (from 16.97%). The Board recommended a dividend of ₹4.75 per share (47.5% on face value), subject to shareholder and statutory approvals. Notably, FY25 figures are not comparable to FY24 due to a change in RBI's investment classification/valuation norms, which added ~₹1,175 crore in revaluation gains.
Strong profit growth, improved asset quality, higher capital buffer, and a healthy dividend make this a positive outcome for shareholders. The stock may see a positive reaction, though investors should note that part of the profit boost stems from a one-time accounting change.