Union Bank Q2 FY27: Net Profit up 30% YoY at Rs 5,537 cr
UNIONBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.2 pts more than Nifty 100 and 4.1 pts more than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Union Bank filed its Q2 FY27 investor presentation. Net profit rose 30.31% YoY to Rs 5,537 crore; operating profit up 18.99% to Rs 8,108 crore. NII grew 20.09% to Rs 10,583 crore. Global advances up 18.53% YoY to Rs 11.56 lakh crore; deposits up 6.87% to Rs 13.19 lakh crore. Asset quality improved with GNPA at 2.42% (down 87 bps YoY), NNPA at 0.42%. NIM at 2.86%, up 19 bps. RoA 1.38%, RoE 17.21%. CRAR stood at 17.94%.
Strong profit growth, improving margins and asset quality reinforce healthy fundamentals; positive for stock sentiment.