Union Bank of India has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The bank reported a healthy increase in net profit, reflecting strong operational performance and effective asset management. Detailed financial statements, including balance sheets, cash flow statements, and segment reports, were submitted, showcasing robust financial health and growth across various business segments.
Union Bank of India Reports Robust Financial Performance for H1 FY27
Union Bank of India has disclosed its unaudited financial results for the quarter and half-year ended September 30, 2026. The filings detail a significant positive performance, with the bank demonstrating strong profitability and growth across its operations.
Key Financial Highlights
The bank’s financial statements reveal a notable increase in net profit. For the half-year ended September 30, 2026, the standalone net profit stood at ₹5,53,720 Lakhs, a substantial improvement compared to the previous periods. Similarly, consolidated net profit also showed a positive trend, indicating strong overall performance.
Standalone Financial Overview
The standalone financial results highlight key metrics such as total income and expenditure. Total income for the half-year reached ₹32,80,929 Lakhs, while total expenditure was reported at ₹23,80,362 Lakhs. The operating profit before provisions and contingencies was ₹8,10,760 Lakhs. Provisions and contingencies amounted to ₹70,075 Lakhs, contributing to a profit before tax of ₹7,40,685 Lakhs. After accounting for tax expenses of ₹1,86,965 Lakhs, the net profit from ordinary activities after tax was ₹5,53,720 Lakhs.
Consolidated Financial Performance
On a consolidated basis, Union Bank of India also exhibited strong results. Total income for the half-year ended September 30, 2026, was ₹33,47,129 Lakhs, with total expenditure at ₹25,32,033 Lakhs. The consolidated operating profit was ₹8,15,096 Lakhs. After provisions and contingencies, the consolidated profit before tax stood at ₹7,44,877 Lakhs. The consolidated net profit after tax was ₹5,57,040 Lakhs.
Segmental Performance and Cash Flow
The bank also provided a detailed breakdown of its performance by business segments, including Treasury Operations, Retail Banking Operations, Corporate/Wholesale Banking Operations, and Other Banking Operations. The cash flow statements for both standalone and consolidated operations were presented, illustrating the bank’s liquidity position and its ability to generate cash from operating, investing, and financing activities.
Balance Sheet Summary
The summarized balance sheet indicates a healthy asset base, with significant amounts in Investments and Advances. Liabilities are primarily composed of Deposits and Borrowings. The bank’s Capital Adequacy Ratio (Basel III) remains robust, with CET 1 Ratio at 17.94% and Additional Tier 1 Ratio at 16.05% for the standalone operations, and similar strong ratios for consolidated operations.
Source: BSE
