UCO Bank Q2 Results: Net Profit Crosses Rs 600 Cr Mark; NII Jumps 10.08%

UCO Bank released its financial results for the second quarter and a half of 2025, which ended on September 30, on Friday, October 17. The bank's net profit for the quarter that ended on September 30, 2025, was Rs. 620 crore, up 2.82% YoY from Rs. 603 crore for the same period the year before. Net Interest Income (NII) was Rs. 2,533 Crore, representing a jump of 10.08% YoY compared to Rs. 2,301 Crore for the same period the year before.

According to UCO Bank, its operating profit for Q2FY26 was Rs. 1,613 crore, representing a growth of 12.64% YoY compared to Rs. 1,432 crore in Q2FY25. From Rs. 4,73,704 Crore as of 30.09.2024 to Rs. 5,36,398 Crore as of 30.09.2025, the bank's total business expanded by 13.23% YoY. According to UCO Bank, its total deposits rose 10.85% year on year to Rs. 3,05,697 crore in the quarter under review from Rs. 2,75,777 crore in the year-ago quarter.

Gross Advances increased 16.56% YoY to Rs. 2,30,702 Crore in the September 2025 quarter compared to Rs. 1,97,927 Crore in the September 2024 quarter, while Retail Advances increased 25.40% YoY to Rs. 58,987 Crore compared to Rs. 47,039 Crore in the year-ago quarter. The bank's asset quality improved as net non-performing assets (NPA) climbed to 0.43 percent on 30.09.2025 from 0.73% on 30.09.2024, indicating a 30 basis point Y-o-Y improvement, while gross non-performing assets (NPA) improved to 2.56% on 30.09.2025 from 3.18% on 30.09.2024, representing a 62 basis point Y-o-Y improvement. As of 30.09.2025, the provision coverage ratio was 96.99%.

On a year-on-year basis, UCO Bank's net profit increased by Rs. 73 crore to Rs. 1227 crore during the half-year ending September 30, 2025, compared to Rs. 1154 crore for the half-year ending September 30, 2024. Meanwhile, net interest income (NII) increased by 8.36% year-on-year to Rs. 4936 crore for the half-year ending September 30, 2025, compared to Rs. 4555 crore for the half-year ending September 30, 2024.

The bank's network as of 30.09.2025 had 3322 domestic branches, two international branches in Singapore and Hong Kong, and one representative office in Iran. 2037 (61%) of the bank's branches are located in rural and semi-urban regions. As of September 30, 2025, the bank has 2607 ATMs and 11108 BC Points, for a total of 17040 touch points.