Union Bank Q4 Net Profit Soars 51% YoY to ₹4,985 Crore

11 May 2025 , 10:47 AM

Union Bank of India reported its Q4 FY25 earnings after trading hours on May 8, 2025. Union Bank of India posted a 51% year-on-year (YoY) increase in net profit at ₹4,984.9 crore in the quarter ended March 31, 2025, versus the same period last year. The sharp growth in profitability was supported by the growth in other income, which reached ₹5,509 crore compared to ₹4,707 crore in Q4 FY24. 

Net Interest Income (NII), the largest revenue earned by lending was higher by only 0.8% over a year at ₹9,514 crore as compared to ₹9,436.5 crore for the earlier period of the year. The bank improved on the asset quality front. Gross Non-Performing Assets (GNPA) came down to 3.6%, compared to 3.85% reported for the December ended quarter 2024.

Net NPA stood at 0.82% in Q4 FY25, an increase marginally from 0.63% reported for Q3 FY25. Provisions for NPAs were up marginally quarter-on-quarter to ₹1,675 crore, as compared to ₹1,477 crore during the December quarter.

The new slippages for the quarter increased to ₹2,483 crore, from ₹1,820 crore in the last quarter. On the positive side, loan write-offs came down significantly to ₹1,230 crore, from ₹4,059 crore recorded in Q3 FY25.

For the whole period of 2024-25, a dividend of ₹4.75 per equity share of face value of ₹10 each has been suggested by the Board of Directors. The dividend is subject to shareholder approval at the 23rd Annual General Meeting (AGM) and necessary statutory approvals.