Union Bank of India Q4 Results | Net profit zooms 51% to ₹4,985 crore; declares dividend
Published on 08/05/2025 10:01 PM
Union Bank of India Q4 Results | Net profit zooms 51% to ₹4,985 crore; declares dividendThe results came after the close of the market hours. Shares of Union Bank of India Ltd ended at ₹115.45, down by ₹3.05, or 2.57% on the BSE.By Jomy Jos Pullokaran May 8, 2025, 10:01:14 PM IST (Published)2 Min ReadState-owned Union Bank of India on Thursday (May 8) reported a 51% year-on-year (YoY) jump in net profit at ₹4,984.9 crore for the fourth quarter that ended March 31, 2025. In the corresponding quarter of the previous fiscal, Union Bank of India posted a net profit of ₹3,310.6 crore, the bank said in a regulatory filing.
Net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, was up 0.8%, coming at ₹9,514 crore against ₹9,436.5 crore in the corresponding quarter of FY24.
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The gross non-performing asset (GNPA) stood at 3.60% in the fourth quarter against 3.85% in the third quarter. Net NPA came at 0.63% against 0.82% quarter-on-quarter. Provisions stood at ₹1,543.9 crore against ₹1,599 crore quarter-on-quarter and ₹1,259.6 crore (YoY).
The board has recommended a dividend of ₹4.75 per equity share of ₹10 each for the financial year 2024-25. The payment of dividends is subject to obtaining the necessary statutory approvals and the approval of the shareholders of the bank at the ensuing 23rd Annual General Meeting (AGM).
The results came after the close of the market hours. Shares of Union Bank of India Ltd ended at ₹115.45, down by ₹3.05, or 2.57% on the BSE.
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