State-run UCO Bank announced its Q4 results on Monday, April 28. The bank has reported strong March quarter earnings, with consolidated net profit for the fourth quarter of financial year 2024-25 (Q4FY25) rising by nearly 24% year-on-year (YoY) to ₹652 crore.
The bank’s total business as of March 31, 2025 grew 14.12% to ₹5,13,527 crore, with gross advances growing 17.72% to ₹2,19,985 crore and total deposits growing 11.56% to ₹2,93,542 crore. Operating profit for the quarter reached ₹1,699 crore, registering a year-on-year growth of 33.48% from ₹1,273 crore in the fourth quarter of FY2023-24.
The state-owned lender’s profit stood at ₹526 crore in the same quarter a year ago. The bank reported improvement in asset quality, with both gross and net NPA ratio declining. As of March 31, 2025, gross NPA stood at 2.69%, a decline of 77 basis points year-on-year, while net NPA declined to 0.50%, a decline of 39 basis points year-on-year. The provision coverage ratio stood at 96.69%.
Additionally, the bank declared a dividend of ₹0.39 per equity share.
The lender’s total business as of March grew 14.12% year-on-year to ₹5,13,527 crore, including a 17.72% rise in gross advances to ₹2,19,985 crore and an 11.56% rise in total deposits to ₹2,93,542 crore.
For the full year ended March 31, 2025, UCO Bank’s consolidated net profit stood at ₹2,468 crore, as against ₹1,671 crore in the 2023-24 fiscal.
The retail, agriculture and MSME (RAM) portfolio grew 25.74% year-on-year to ₹1,22,613 crore, including a 35.09% increase in retail advances, a 20.02% increase in agriculture advances and an 18.55% increase in MSME loans.
As of March 31, UCO Bank had 3,302 domestic branches, two overseas branches (Hong Kong and Singapore) and a representative office in Iran. Government stake declined to 90.95% from 95.39% during the latest quarter due to capital infusion.
The bank plans to issue up to 270 crore fresh equity shares in the 2025-26 fiscal to reduce the government’s stake to 75% in compliance with Sebi’s minimum public shareholding (MPS) norms, a top official said on Monday.
The move comes after the lender’s successful qualified institutional placement (QIP) in the March quarter, during which it raised ₹2,000 crore, reducing the government’s stake to 90.95% from 95.39%.
“We plan to issue 270 crore shares of Rs 10 per share to reduce the government’s stake to 75% in FY2026,” UCO Bank MD and CEO Ashwani Kumar told PTI.
Based on the current market price of around Rs 31 per share, the total issue value could be around Rs 8,000 crore. In the recent QIP, the bank allotted shares to a diverse group of investors, boosting its capital adequacy.
Kolkata-headquartered UCO Bank has been focusing on improving its asset quality and increasing profitability for the past few years. The lender on Monday reported a nearly 24% year-on-year jump in consolidated net profit to Rs 665.72 crore for the quarter ended March.
Kumar said the bank has not seen any “retail delinquency pressure” and its net NPA in the sector remains at 0.7%. The RBI had raised concerns over rising risks in the retail lending sector in its Financial Stability Report in December.
Ahead of the result announcement, UCO Bank shares closed 1.81% higher at Rs 31 per share on the NSE.
