Union Bank of India Q2 FY27 Results: Consolidated Net Profit ₹5,781 Crore on Total Income of ₹33,471 Crore

Earnings
Banking

Blacklitt Research19 October 20262 min read

A stone bank building with tall columns and trees in front — Daderot, via Wikimedia Commons (CC0 1.0). Illustrative image.

Union Bank of India reported consolidated total income of ₹33,471.29 crore and net profit of ₹5,781.00 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹32,809.29 crore and net profit was ₹5,537.20 crore.

Key highlights

Consolidated

Including its subsidiaries

Total income: ₹33,471 crore, up 3.9% YoY, up 2.5% QoQ
Net profit: ₹5,781 crore, up 30.6% YoY, up 2.5% QoQ
Provisions (other than tax): ₹702.19 crore, down 49.6% YoY from ₹1,392.28 crore

Standalone

The company on its own, without its subsidiaries

Total income: ₹32,809 crore, up 3.7% YoY, up 3.2% QoQ
Net profit: ₹5,537 crore, up 30.3% YoY, up 3.8% QoQ
Tax expense: ₹1,869.65 crore, up 60.1% YoY, at 25.2% of profit before tax

Summary

Consolidated ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	33,471.29	32,215.11	+3.9%	32,660.24	+2.5%
Revenue from operations	28,377.73	26,664.81	+6.4%	27,427.10	+3.5%
Other income	5,093.56	5,550.30	-8.2%	5,233.14	-2.7%
	8,150.96	6,844.79	+19.1%	8,040.25	+1.4%
Provisions (other than tax)	702.19	1,392.28	-49.6%	973.39	-27.9%
	5,781.00	4,425.95	+30.6%	5,641.52	+2.5%
Tax expense	1,878.37	1,171.24	+60.4%	1,698.69	+10.6%
Net profit margin	17.27%	13.74%	+3.53 pp	17.27%	-0.00 pp

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Total income barely grew, and the profit growth came from provisions. Total income rose 3.9% to ₹33,471.29 crore and operating profit before provisions rose 19.1% to ₹8,150.96 crore, but provisions (other than tax) fell by half, to ₹702.19 crore from ₹1,392.28 crore, so net profit rose 30.6% to ₹5,781.00 crore. Tax rose 60.4% to ₹1,878.37 crore, 24.5% of profit before tax against 20.9% (derived).

Other income fell 8.2% to ₹5,093.56 crore, and revenue from operations rose 6.4%. Against June, profit rose 2.5% from ₹5,641.52 crore and operating profit was level at ₹8,040.25 crore. The capital adequacy ratio under Basel III in the consolidated statement was 18.61% against 17.70% a year earlier and 19.15% in June. The group earns ₹244 crore more than the bank (derived).

Standalone ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	32,809.29	31,646.06	+3.7%	31,806.20	+3.2%
Revenue from operations	28,158.27	26,650.24	+5.7%	27,203.19	+3.5%
Other income	4,651.02	4,995.82	-6.9%	4,603.01	+1.0%
Provisions (other than tax)	700.75	1,396.73	-49.8%	979.42	-28.5%
	5,537.20	4,249.08	+30.3%	5,332.30	+3.8%
Tax expense	1,869.65	1,168.14	+60.1%	1,690.86	+10.6%
Net profit margin	16.88%	13.43%	+3.45 pp	16.76%	+0.11 pp

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

The bank's own profit follows the same pattern. Net profit rose 30.3% to ₹5,537.20 crore, with provisions (other than tax) of ₹700.75 crore against ₹1,396.73 crore and operating profit before provisions of about ₹8,108 crore against about ₹6,814 crore (+19.0%, derived from profit, tax and provisions). Profit before tax rose 36.7% to about ₹7,407 crore (derived) and tax took 25.2% of it against 21.6%.

Total income rose 3.7% to ₹32,809.29 crore, with revenue from operations up 5.7% to ₹28,158.27 crore and other income down 6.9% to ₹4,651.02 crore. The statement is in lakh, and the scanned asset quality ratios are not legible enough to quote.

Inference

Union Bank's profit growth of about 30% comes from provisions halving and a 19% rise in operating profit, on income growth under 4%.

Provisions are volatile, and the filing text read does not give readable asset quality ratios, so whether credit costs stay this low is not shown by it.

Reference: Original filing (PDF)

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