Union Bank of India (UNIONBANK) Q3 25/26 earnings summary

Executive summary

• Net profit reached ₹5,017 crore for Q3 FY26, up 8.97% year-over-year, surpassing ₹5,000 crore for the first time, with strong business growth and robust asset quality maintained.

• Operating profit for Q3 FY26 was ₹6,942 crore, a 7.34% year-over-year decline but a 1.87% sequential increase.

• Net Interest Income (NII) for Q3 FY26 was ₹9,328 crore, up 0.95% year-over-year and 5.85% sequentially.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were reviewed and approved by the Board on January 14, 2026.

• Limited review reports from statutory auditors were issued with unmodified opinions for both standalone and consolidated results.

Financial highlights

• Global advances reached ₹10,16,884 crore, up 7.13% year-over-year; global deposits at ₹12,22,856 crore, up 3.36%.

• Interest income stood at ₹26,443 crore for the quarter.

• Gross NPA ratio improved to 3.06% (from 3.85% YoY); Net NPA at 0.51% (from 0.82% YoY).

• Provision coverage ratio reached 95.13% as of December 31, 2025.

• Credit cost for 9M FY26 declined to 0.26% from 0.81% in 9M FY25.

Outlook and guidance

• Capital adequacy ratio (Basel III) stood at 16.49% standalone and 17.14% consolidated, with CET 1 ratio at 13.94% standalone and 14.61% consolidated.

• Board-approved capital plan for FY26 includes raising ₹6,000 crore through equity and bonds.

• NIM expected to improve as deposit repricing occurs and cost of funds decrease.

• Credit cost guidance remains in the 20-40 basis points range, with no significant impact anticipated from ECL implementation.

• Focus on digital transformation, process improvement, and ESG initiatives to drive future growth.