Quarterly Result28 Apr 2025, 04:07 pm
UCO Bank Reports 23.98% Y-o-Y Growth in Q4 Net Profit for FY-2024-25, Asset Quality Improves
AI Summary
UCO Bank has reported a 23.98% year-over-year growth in net profit for the quarter ended 31.03.2025, standing at Rs.652 Crore. The bank's total business grew by 14.12% Y-o-Y to Rs.5,13,527 Crore. Total deposits increased by 11.56% Y-o-Y to Rs.2,93,542 Crore, and gross advances grew by 17.72% Y-o-Y to Rs.2,19,985 Crore. The bank's RAM (Retail, Agriculture & MSME) segment increased by 25.74% Y-o-Y to Rs. 1,22,613 Crore. The bank's gross NPA reduced by 77 bps Y-o-Y to 2.69% as on 31.03.2025, and net NPA reduced by 39 bps Y-o-Y to 0.50% as on 31.03.2025. The bank proposes a dividend of 3.90% (39 paise per equity share) for the year 2024-25.
Key Highlights
- 23.98% Y-o-Y growth in Q4 net profit
- 14.12% Y-o-Y growth in total business
- 11.56% Y-o-Y increase in total deposits
- 17.72% Y-o-Y growth in gross advances
- 25.74% Y-o-Y growth in RAM segment
- 77 bps Y-o-Y reduction in gross NPA
- 39 bps Y-o-Y reduction in net NPA
- Proposed dividend of 3.90% for the year 2024-25