Union Bank of India Q2 FY27 Net Profit Rises to ₹553.72 Cr
Union Bank of India reported a standalone Net Profit of ₹553.72 crore for Q2 FY27, up from ₹424.91 crore year-on-year. Consolidated Net Profit was ₹557.04 crore. Gross NPAs reduced to 2.42%. The Board approved these results on October 19, 2026.
Financial results, especially profit and asset quality metrics like NPAs, have a direct and significant impact on investor sentiment and the company's stock price.
The company reported an increase in Net Profit for both standalone and consolidated results, along with a reduction in Gross NPAs, indicating improved financial performance.
Union Bank of India announced its Unaudited Reviewed Financial Results (Standalone and Consolidated) for the Quarter and Half Year ended September 30, 2026. The Bank's Board of Directors approved these results in a meeting held on October 19, 2026.
For the standalone results, the Net Profit after tax for the quarter ended September 30, 2026, stood at ₹5,53,720 lakh (₹553.72 crore), an increase from ₹4,24,908 lakh (₹424.91 crore) in the same quarter of the previous year. The Net Profit for the half-year ended September 30, 2026, was ₹10,86,950 lakh (₹1086.95 crore), up from ₹8,36,461 lakh (₹836.46 crore) in the corresponding period last year.
Consolidated results also showed an improvement, with Net Profit after tax for the quarter at ₹5,57,040 lakh (₹557.04 crore) and for the half-year at ₹10,93,857 lakh (₹1093.86 crore). The Capital Adequacy Ratio (Basel III) for the standalone entity was 17.94% and 18.61% for the consolidated entity as of September 30, 2026.
The Bank also reported a decrease in Gross Non-Performing Assets (NPAs) to 2.42% from 3.29% year-on-year on a standalone basis.
The Board meeting commenced at 10:00 a.m. and concluded at 11:55 a.m. on October 19, 2026.
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