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%

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.

Union Bank of India, 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 [figure sourced separately from the standalone print; not confirmed against the primary results statement]. 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.

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 were trading 2.61% higher at ₹175 apiece on the BSE around 1 PM on Wednesday, July 15 - the day the results were announced. A closing-price figure and confirmation of whether the results came before or after market hours weren't available at the time of writing [X]; please update once the session closes.

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