union financial institution share value: Union Financial institution This autumn Outcomes: Web revenue rises 7% YoY to five,316 crore, provisions bounce 3x
Web curiosity revenue slipped 1.1% YoY to Rs 9,406 crore in comparison with Rs 9,514 crore a yr in the past. Provisions noticed a pointy spike throughout the quarter, growing to Rs 1,055 crore from Rs 322 crore within the December quarter, marking a virtually three-fold rise, in response to the corporate’s regulatory submitting.
Asset high quality confirmed enchancment throughout the quarter. Gross NPA declined to 2.82% from 3.06% QoQ and three.60% in the identical quarter final yr, whereas web NPA eased to 0.48% from 0.51% sequentially and 0.63% in Q4FY25, the lender mentioned.
Union Financial institution of India had earlier shared its enterprise replace for the quarter. International advances rose practically 10% year-on-year to Rs 10.78 lakh crore, whereas international deposits elevated 2.7% to Rs 13.06 lakh crore.
Alongside outcomes, the financial institution’s board advisable a dividend of Rs 5 per fairness share of face worth Rs 10 for the monetary yr 2025-26. The payout is topic to obligatory statutory approvals and shareholders’ approval on the upcoming twenty fourth Annual Normal Assembly. Particulars concerning the AGM date, together with the guide closure interval for the AGM and the dividend, can be introduced sooner or later.
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Following the event, Union Financial institution of India shares crashed as a lot as 7.2% to their day’s low of Rs 180 on the BSE. The inventory is up 28% within the final six months and about 20% because the starting of the yr. At about 1:10 pm, shares of the lender pared marginal losses to commerce 5.5% decrease on the exchanges.(Disclaimer: Suggestions, options, views and opinions given by the consultants are their very own. These don’t characterize the views of The Financial Occasions)
