Union Bank of In's Q1 FY 2026-27 Quarterly Results

Result Summary

• Union Bank of India reported a -0.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 1.0%.
• Its expenses for the quarter were down by 0.3% QoQ and 3.1% YoY.
• The net profit increased 2.5% QoQ and increased 27.4% YoY.
• The earnings per share (EPS) of Union Bank of India stood at 7.39 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Union Bank of India is a prominent player in the banking sector, primarily engaged in providing a wide range of financial services, including retail banking, corporate banking, and international banking. The bank offers a variety of products such as loans, deposits, and investment services to cater to the needs of individuals, businesses, and government entities. As a part of the banking industry, it operates in a highly regulated environment and is subject to compliance with banking norms and standards set forth by regulatory bodies. Recent major developments about the company are not available within the scope of this report.

Revenue

For the first quarter of the fiscal year 2027 (Q1FY27), Union Bank of India reported a total income of ₹32,660.24 crores. This figure is marginally lower by 0.0% when compared to the previous quarter (Q4FY26), where the total income was ₹32,674.53 crores. On a year-over-year basis, the total income shows a slight increase of 1.0% from ₹32,343.93 crores in Q1FY26. The consistency in revenue indicates stable income generation over the observed periods, reflecting the bank's ability to sustain its revenue streams.

Profitability

In Q1FY27, the Profit Before Tax (PBT) for Union Bank of India was recorded at ₹7,066.86 crores, showing a quarter-over-quarter increase of 2.0% from Q4FY26, where it was ₹6,925.54 crores. Year-over-year, there is a significant rise of 34.1% from ₹5,268.68 crores in Q1FY26. The Profit After Tax (PAT) for Q1FY27 stands at ₹5,641.52 crores, marking a 2.5% increase from the previous quarter and a 27.4% increase year-over-year. The tax expenses for Q1FY27 were ₹1,698.69 crores, representing a 6.7% increase quarter-over-quarter and a 50.0% increase year-over-year. These figures highlight the bank's improved profitability compared to previous periods.

Operating Metrics

Union Bank of India's total expenses in Q1FY27 amounted to ₹24,619.99 crores, marking a slight quarter-over-quarter decrease of 0.3% from ₹24,698.68 crores in Q4FY26. Year-over-year, total expenses decreased by 3.1% from ₹25,407.98 crores in Q1FY26. Provisions and contingencies for Q1FY27 were reduced to ₹973.39 crores, which is a 7.3% decrease from the previous quarter and a 41.6% decrease year-over-year, indicating effective cost management. The Earnings Per Share (EPS) for Q1FY27 was ₹7.39, reflecting a quarter-over-quarter increase of 2.5% and a year-over-year increase of 27.4%, aligning with the overall profitability growth. These operating metrics demonstrate the bank's efforts in maintaining operational efficiency.