Union Bank of India announced its quarterly results on August 21, 2020. Total Income grew by 101.2% yoy to Rs19,891.26cr in Q1FY21 from Rs9,887.14cr in Q1FY20. Net interest income (NII) stood at Rs6,403.19cr which witnessed a growth of 154.3% yoy, as against Rs2,518.19cr it reported in Q1FY20. Operating profit for Q1FY21 stood at Rs4,034.09cr which increased by 113.9% yoy as against Rs1,886.41cr in Q1FY20.
Provisions and contingencies increased by 134% yoy to Rs3,555.77cr in Q1FY21, as against Rs1,519.34cr in Q1FY20.
Profit after tax (PAT) stood at Rs332.74cr for the quarter ending June 2020. It grew by 48.3% yoy, as compared to Rs 224.4cr it reported in Q1FY20.
Gross NPA in Q1FY21 stood at Rs97,189.95cr registering a growth of 98% qoq. Net NPA in Q1FY21 came in at Rs28,913.5cr witnessing a growth of 67.1% qoq. Gross NPA(%) stood at 14.95% in Q1FY21,with growth of 80bps qoq as against 14.15% in previous quarter. Net NPA (%) stood at 4.97% in Q1FY21 with a decline of 52bps qoq, compared to 5.49% in previous quarter.
Capital adequacy ratio (%) stood at 11.62% in Q1FY21 that declined by 1.19% qoq, as against 12.81% in previous quarter.
The share closed at Rs30.45 with gains of 1.84% in today’s session on BSE.
|
Particulars |
Q1FY21 (Rs in cr) |
Q1FY20 (Rs in cr) |
%Change |
|
Net interest income |
6,403.19 |
2,518.19 |
154.3 |
|
Operating profit |
4,034.09 |
1,886.41 |
113.9 |
|
Provisions and contingencies |
3,555.77 |
1,519.34 |
134.0 |
|
Net Profit |
332.74 |
224.43 |
48.3 |
|
Particulars |
Q1FY21 |
Q4FY20 |
Change |
|
Gross NPA(%) |
14.95 |
14.15 |
0.8 |
|
Net NPA (%) |
4.97 |
5.49 |
-0.52 |
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