UCO Bank's Q4FY18 standalone net loss widens to Rs2,134.36cr yoy

The bank’s standalone NII stood at Rs807.89cr, up 32.6% yoy but down 1.47% qoq.

May 11, 2018 01:05 IST India Infoline Research Team

UCO Bank Q4FY18

Standalone Results Q4FY18: ( cr)

Q4FY18 YoY (%)
NII 807.89 32.6
NPA (%) 24.6 752
Provisions 2,239.01 219.4
Net Loss (adjusted) 2,134.36 [262.9]
***NPA change is bps


Reco. Price


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UCO Bank's revenue for Q4FY18 declined by 12.3% yoy to Rs3,424.65cr. Its NII for the quarter came at Rs807.89cr as against Rs609.3cr yoy, which has increased by 32.6% yoy. The bank has reported net loss of Rs2,134.36cr, against loss of Rs588.19cr reported in corresponding quarter last year. Its GNPA for Q4FY18 stood at 24.64% against 17.12% yoy, which has increased by 219bps. NNPA for the quarter came at 13.1% against 8.94% yoy, which has increased by 416bps. The provision for the quarter came at Rs2,239.01cr as against Rs701.02cr yoy.

Technical View:

UCO Bank ended at Rs. 19.10, up by 0.3 points or 1.6% from its previous closing of Rs. 18.80 on the BSE.
The scrip opened at Rs. 18.90 and touched a high and low of Rs. 20.10 and Rs. 18.50 respectively. A total of 6,84,188 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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