UCO Bank — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
UCO Bank reported total business of Rs 6,05,000 crore as of 30th June, up 15.53% year-on-year, with advances growth of 21.18% and deposit growth of 11.28%. Operating profit grew 79.8% to Rs 2,810 crore, aided by NII growth of 16.85%, fee income growth of 35%, and recovery from technically written-off accounts of about Rs 1,018 crore, while net profit grew 8% to Rs 656 crore after a one-time DTA charge of Rs 1,237 crore from the shift to the new tax regime. Gross NPA improved to 2.08% and Net NPA to 0.25%, with management stating most guidance metrics for the year had already been surpassed in the first quarter.
UCO Bank reported full-year FY26 business growth of 14.95% YoY, with gross advances up 19.44% and deposits up 11.59%, alongside improved asset quality with gross NPA at 2.17% and net NPA at 0.27%. Full-year net profit rose 13.21% YoY to Rs.2,768 crore, while Q4 net profit grew 22% YoY to Rs.801 crore. Management also detailed digital transformation initiatives under Project Parivartan and issued FY27 guidance across credit growth, CASA, NIM, and asset quality metrics.