Quarter Ended: March 2026
Union Bank of India – Q4 FY26 Results Analysis
NSE
unionbank
BSE
532477
Union Bank delivered strong profitability driven by lower provisions, despite relatively stable income growth
key financial highlights
- Revenue from Operations:
- Total Income (Q4 FY26): ₹32,67,453 Lakhs
- QoQ Change: +2.11%
- YoY Change: -2.73%
- Previous Quarter (Q3 FY26): ₹32,00,192 Lakhs
- Previous Year (Q4 FY25): ₹33,59,084 Lakhs
- Total Income (Q4 FY26): ₹32,67,453 Lakhs
- Profit After Tax (PAT):
- PAT (Q4 FY26): ₹5,50,361 Lakhs
- QoQ Change: +8.50%
- YoY Change: +9.82%
- Previous Quarter (Q3 FY26): ₹5,07,269 Lakhs
- Previous Year (Q4 FY25): ₹5,01,122 Lakhs
- PAT (Q4 FY26): ₹5,50,361 Lakhs
- QoQ Performance
- Revenue Trend: Stable
- Profit Trend: Growth
Margin Analysis
Key Drivers:
- Sharp reduction in provisions
- Stable operating income
- Improved operating efficiency
Key Signal: Profitability expansion driven by lower credit costs (provisions)
Segment performance
Segment: Retail Banking
- Revenue: Largest
Insights:
- Core driver of growth
- Stable expansion
Segment: Corporate / Wholesale Banking
- Revenue: Significant
Insights:
- Strong contribution to profitability
- Moderate growth
Segment: Treasury Operations
- Revenue: Moderate
Insights:
- Slight volatility in income
Segment insight
Union Bank operates across Retail, Corporate, Treasury, and Other Banking segments.
Characteristics:
- Retail-led growth model
- Strong PSU banking presence
- Increasing digital banking contribution
Earning quality check
Drivers:
- Reduced provisioning (major impact)
- Stable core banking income
- Controlled operating expenses
Interpretation:
- Earnings are partially driven by lower provisions, not purely revenue growth
balance sheet Analysis
- Total Assets: ₹15,87,50,269 Lakhs
- Total Liabilities: ₹14,53,95,140 Lakhs
Insight:
- Large balance sheet with strong asset base typical of PSU banks
key risks
- Dependence on provisioning cycle
- Asset quality risks (NPAs)
- Interest rate fluctuations
- PSU banking inefficiencies
management strategy signals
- Improving asset quality
- Expanding retail loan book
- Strengthening digital banking
- Maintaining capital adequacy
Financial Metrics
| Particular | Q4 FY26 | Q.O.Q | Y.O.Y |
|---|---|---|---|
| Total Income | ₹32,67,453 Lakhs | +2.11% | -2.73% |
| PBT | ₹6,92,554 Lakhs | +4.33% | +12.16% |
| PAT | ₹5,50,361 Lakhs | +8.50% | +9.82% |
Union Bank delivered a strong quarter on profitability, primarily supported by a sharp decline in provisions. Revenue growth remains stable but not strong.
Official Exchange Filing: Union Bank of India Ltd
Quarterly Performance Context
COST OF OPERATIONS AS % OF REVENUE
76%
NET PROFIT AS % OF REVENUE
17%
FISCAL YEAR
2025-2026
AUDIT STATUS
REVIEWED