UCO Bank Q4 Profit jumps 23%

For the fourth quarter that concluded on March 31, public sector lender UCO Bank reported a 23% increase in net profit to ₹801 crore on Saturday.

During the January–March quarter of FY25, the lender with its headquarters in Kolkata made a net profit of ₹653 crore.

However, according to a regulatory filing from UCO Bank, the income for the March quarter fell to ₹7,365 crore from ₹8,137 crore during the same period of the previous fiscal year.

During the reviewed period, interest income was ₹6,656 crore, compared to ₹6,142 crore in the same quarter last year.

From the net profits for the year ending March 31, 2026, the bank's board has recommended a dividend of ₹0.44 per share of ₹10 face value.

Besides, the board approved equity capital raising plan by way of issue of 270 crore equity shares of face value of ₹10 aggregating to ₹2,700 crore (at face value) through various modes viz, QIP, FPO, etc. in one or more tranches at an appropriate time and premium during the 2026-27 subject to approval of the shareholders at the ensuing Annual General Meeting, it said.

In addition, it said, the board cleared proposal for raising of capital upto ₹5000 crore through issuance of BASEL III Additional Tier I Bonds/Tier II Bonds/Long term Infra bonds, in one or more tranches, during the 2026-27.

On the asset quality side, the bank's Gross Non-Performing Assets (NPAs) were reduced to 2.17 per cent of gross advances as of March 31, 2026, from 2.69 per cent by the end of March 2025.

Net NPAs also came down to 0.27 per cent of the advances from 0.5 per cent at the end of 2025.Provision Coverage Ratio improved to 97.79 per cent as on March 31, 2026.

Capital adequacy ratio of the bank increased to 18.61 per cent from 18.49 per cent in the same quarter of FY'25.