UCO Bank (UCOBANK) Q4 24/25 earnings summary

Executive summary

• Business grew 14.12% YoY, reaching over ₹5 lakh crore; advances up 17.72%, deposits up 11.56%.

• Net profit for FY25 reached ₹2,445 crore, up 47.8% YoY; Q4 net profit at ₹653 crore, up 24% YoY.

• Asset quality improved: gross NPA at 2.69% (down 77 bps YoY), net NPA at 0.50% (down 39 bps YoY).

• Board recommended a 3.90% dividend and approved a capital raise plan via 270 crore new shares (₹2,700 crore).

• Digital transformation and ESG initiatives recognized with multiple awards.

Financial highlights

• Operating profit for FY25 was ₹6,037 crore, up 32% YoY; Q4 operating profit at ₹1,699 crore, up 33.48% YoY.

• Net interest income rose 18.88% YoY to ₹9,630 crore; non-interest income up 34.91% YoY to ₹4,406 crore.

• Domestic NIM improved 17 bps YoY to 3.29%; global NIM up 16 bps to 3.08%.

• Cost-to-income ratio improved to 56.99% from 59.74% YoY.

• Earnings per share increased to ₹2.04; book value at ₹17.53.

Outlook and guidance

• FY26 guidance: deposit growth 10-12%, credit growth 12-14%, CASA 37-38%, RAM 61-63%.

• GNPA target below 2.5%, net NPA below 0.35%, credit cost under 1%, NIM global 3-3.10%.

• Recovery and upgradation expected at ₹2,500-2,700 crore.

• RBI projects India's GDP growth at 6.5% for FY26; inflation forecast at 4.0%.