UCO Bank reported a net profit of ₹656 crore for the quarter ended June 30, 2026, registering an increase of 8.05% from ₹607 crore in the corresponding period of the previous year. The bank's operating profit surged 79.84% year-on-year to ₹2,810 crore, driven by robust growth in interest income and fee-based income. Total business stood at ₹6,05,083 crore, growing 15.53% YoY, with gross advances rising 21.18% to ₹2,72,768 crore and total deposits increasing 11.28% to ₹3,32,315 crore. The Board of Directors approved the unaudited financial results for Q1FY27 at its meeting held on July 22, 2026.

The bank's Net Interest Margin (NIM)-Global stood at 3.05%, while Domestic NIM was reported at 3.24%. The Capital Adequacy Ratio (CRAR) under Basel-III norms stood at 19.03%, with the Tier I Capital Ratio at 17.44%. The Provision Coverage Ratio was 97.85%, and the Credit-Deposit ratio improved to 82.08% from 75.38% in the previous year.

Financial Performance

The bank's total income for the quarter rose to ₹8,682 crore from ₹7,433 crore in the year-ago period, reflecting broad-based growth across interest and non-interest income streams. Interest earned stood at ₹6,996 crore compared to ₹6,436 crore, while other income jumped to ₹1,686 crore from ₹997 crore. The following table summarises the key financial figures:

Asset Quality

Asset quality showed improvement on both a year-on-year and sequential basis. The Gross Non-Performing Assets (NPA) ratio declined to 2.08% from 2.63% on a YoY basis and from 2.17% on a QoQ basis. The Net NPA ratio improved to 0.25% from 0.45% YoY and from 0.27% QoQ, reflecting continued progress in credit quality management.

Operational Metrics

The bank disclosed key operational parameters for the quarter ended June 2026 against its guidance for FY 26-27. Credit growth (Y-O-Y) was reported at 21.18% against a guidance of 12-14%, while deposit growth stood at 11.28% within the 10-12% guidance. The Current Account Savings Account (CASA) ratio was 36.94% against a guidance of 37-38%. The NIM Global at 3.05% surpassed the guidance of 2.8-2.9%.

UCO Bank has scheduled a post-earnings call with analysts to discuss its financial performance for the quarter ended June 30, 2026. The virtual meeting is set for July 23, 2026, at 3:30 PM IST, providing market participants an opportunity to review the bank's first-quarter results. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Earnings Call Details

The bank has outlined the specific logistics for the upcoming group call, which will be hosted by Antique Stock Broking Limited. Only information available in the public domain will be shared, and no unpublished price sensitive information will be disclosed during the session.

Management Participation

The bank's management will be represented by key executives during the discussion. Mr. Rajendra Kumar Saboo, Managing Director & CEO (I/C) and Executive Director, and Mr. Vijay N Kamble, Executive Director, will address the analysts.

Participants can join the event via the provided Webex link or by phone using the access code 251 670 58887. Internet connectivity is required to attend the virtual meeting.