Union Bank Q1 FY27 Results: Net profit rises 29.6% to ₹5,332 crore, NII up 10.15% to ₹10,037 crore as margin improves to 2.80%
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Union Bank Q1 FY27 Results: Net interest income rose 10.15% year-on-year and 6.71% quarter-on-quarter to ₹10,037 crore, with net interest margin improving to 2.80%, while standalone net profit climbed 29.6% YoY to ₹5,332.30 crore on a sharp drop in provisions, the public sector lender said in its April-June quarter earnings announced on July 15, 2026.
Union Bank of India reported its Q1 FY27 results on July 15, 2026. The bank is one of India's leading public sector lenders, majority owned by the Government of India, which holds a 74.76% stake.
The company, on Wednesday, July 15, reported a 29.6% year-on-year rise in standalone net profit to ₹5,332.30 crore for the April-June quarter (Q1 FY27). In the same quarter last year, the bank's profit was ₹4,115.53 crore. On a consolidated basis, net profit came in at ₹5,641.52 crore. Sequentially, standalone profit was up marginally from ₹5,315.76 crore in the March 2026 quarter (Q4 FY26).
Net interest income (NII) rose 10.15% YoY and 6.71% QoQ to ₹10,037 crore. Net interest margin (NIM) improved to 2.80%, up 4 basis points YoY and 16 basis points QoQ. Total income for the June quarter rose 1.3% YoY to ₹31,806.20 crore from ₹31,405.03 crore in Q1 FY26, but it edged down from ₹31,851.15 crore in the preceding March quarter. Interest income for the quarter rose 1.05% YoY to ₹27,203 crore from ₹26,919 crore a year earlier, according to the bank's NSE filings.
Gross non-performing assets (GNPA) improved to 2.6% of advances from 2.8% in the March quarter, while net NPA eased to 0.47% from 0.48% sequentially. Provisions and contingencies, excluding tax, fell to ₹979.42 crore from ₹1,664.51 crore a year earlier and ₹1,054.98 crore in Q4 FY26 - down 41.2% YoY and 7.2% QoQ.
Gross advances grew 12.50% YoY, while total deposits rose 3.50% YoY to ₹12,83,366 crore, though deposits slipped 1.80% quarter-on-quarter. The bank's total business stood at ₹23,79,697 crore as of June 30, 2026. The CASA ratio moderated to 35.10% from 35.21% in the March quarter, though it improved from 32.51% a year earlier.
Operating profit for the quarter jumped nearly 16% YoY to ₹8,002.58 crore from ₹6,908.66 crore in Q1 FY26. Operating expenses declined 0.80% YoY to ₹6,637.66 crore from ₹6,689.67 crore, helping offset the muted income growth. Return on assets (RoA) stood at 1.36% and return on equity (RoE) at 17.23% for the quarter.
Union Bank Share Price
Union Bank of India shares surged as much as 4% to an intraday high of ₹177.49 on the NSE on Wednesday, July 15 - the day the Q1 FY27 results were announced during market hours - compared with the previous close of ₹170.67. The stock later slipped to an intraday low of ₹168.70 as investors booked profits, and was trading 2.4% higher in the afternoon session.
The stock's market capitalisation stood at over ₹1.32 lakh crore as of Wednesday's session. Union Bank shares have gained 13% year-to-date in 2026 and 1.4% over the past month, and were up 12.5% over the last five trading sessions. The stock hit a 52-week high of ₹205.49 on February 27, 2026, and a 52-week low of ₹124.64 on August 29, 2025. Over five years, the stock has returned more than 376% to investors, over 114% over three years, and more than 18% over the past year.
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