UCO Bank Reports 23% Profit Surge in Q4 FY26 with Dividend Declaration
UCO Bank Q4 FY26 results: Profit jumps 23% to ₹801 cr, dividend declared
Business Standard
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UCO Bank, based in Kolkata, reported a 23% increase in net profit to ₹801 crore for Q4 FY26, despite a decline in total income. The bank's board recommended a dividend of ₹0.44 per share and approved plans to raise up to ₹5,000 crore in capital for the upcoming fiscal year.
- 01Net profit rose by 23% to ₹801 crore in Q4 FY26.
- 02Total income decreased to ₹7,365 crore from ₹8,137 crore year-on-year.
- 03Dividend of ₹0.44 per share has been recommended.
- 04Gross Non-Performing Assets (NPAs) improved to 2.17% from 2.69%.
- 05The bank plans to raise capital of up to ₹5,000 crore in FY27.
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UCO Bank, headquartered in Kolkata, recorded a 23% increase in net profit, reaching ₹801 crore for the fourth quarter ending March 31, 2026, compared to ₹653 crore in the same quarter of the previous fiscal year. Despite this profit growth, the bank's total income fell to ₹7,365 crore, down from ₹8,137 crore year-on-year. The bank's board has recommended a dividend of ₹0.44 per share based on the net profits for the fiscal year. Additionally, UCO Bank plans to raise up to ₹5,000 crore through various capital instruments, including BASEL III bonds, in the upcoming fiscal year, pending shareholder approval. On the asset quality front, the bank improved its Gross Non-Performing Assets (NPAs) to 2.17% of gross advances, down from 2.69% the previous year, while Net NPAs decreased to 0.27%. The Provision Coverage Ratio also saw an improvement to 97.79%, and the Capital Adequacy Ratio rose to 18.61% from 18.49% in the same quarter last year.
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The increase in profits and the recommended dividend may enhance shareholder value and investor confidence, benefiting UCO Bank's stakeholders.
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