UCO Bank Q4 Results: Net Profit Jumps 23.98% To Rs 652 Cr, Total Business Crosses Rs 5 Lakh Cr

The financial results for the quarter and year ending March 31, 2025, were released by UCO Bank on Monday. The bank's net profit for the quarter that ended on March 31, 2025, was Rs. 652 crore, up 23.98% YoY from Rs. 526 crore for the same period the year before.

Compared to Rs. 1,654 Crore for the year ended March 2024, net profit for the year ended March 2025 was Rs. 2,445 Crore, representing a 47.80% YoY growth due to robust business and loan growth, healthy net interest margin (NIM) expansion, improvement in asset quality, and strong growth in net interest income (NII).

The operating profit for the quarter that ended on March 31, 2025, was Rs. 1699 crore, up 33.48% YoY from Rs. 1273 crore in Q4FY24.

In comparison to Q4FY24, when its Net Interest Income (NII) was Rs. 2,187 Crore, UCO Bank reported that its NII for Q4FY25 was Rs. 2,698 Crore, representing a 23.35% YoY rise. Net Interest Income (NII) increased 18.88% YoY to Rs. 9,630 crore for the year ending in March 2025, compared to Rs. 8,101 crore for the year ending in March 2024.

Compared to 2.92% for the year ended March 2024, the bank's NIM for the year ended March 2025 was 3.08%. UCO Bank's earnings per share increased to Rs. 2.04 on March 31, 2025, from Rs. 1.38 on the same period in 2024.

According to UCO Bank, its total business growth was 14.12% YoY to Rs. 5,13,527 crore as of March 31, 2025, from Rs.4,50,007 crore as of March 31, 2024. While its gross advances expanded 17.72% YoY to Rs. 2,19,985 crore from Rs. 1,86,877 crore, its total deposits increased 11.56% YoY to Rs. 2,93,542 crore as of March 31, 2025, from Rs. 2,63,130 crore as of March 31, 2024.

According to UCO Bank, its gross non-performing assets (NPA) improved to 2.69 percent as of March 31, 2025, from 3.46% as of the same period in 2024, representing a 77 basis point YoY improvement. Meanwhile, its net non-performing assets (NPA) improved to 0.50% as of March 31, 2025, from 0.89% as of March 31, 2024, representing a 39 basis point YoY growth, indicating robust asset quality and financial health.

UCO Bank has proposed a dividend of 3.90%, or 39 paise per equity share for FY25.

As of March 31, 2025, the bank operated a network of 3302 domestic branches, two international branches in Singapore and Hong Kong, and one representative office in Iran. 2031 (61%) of the bank's branches are located in rural and semi-urban regions. The bank has 16480 touch points as of March 31, 2025, with 2522 ATMs and 10653 BC Points.