Union Bank of India Shares Rally Up to 5% After Q2 Results

Shares of

a advanced on October 19 following the announcement of its Q2 FY27 financial results. The public sector lender reported strong year-on-year growth in profitability and core income, alongside improvements in asset quality and a decline in fresh loan slippages. KEY HIGHLIGHTS 🔹 Net Profit: Net profit increased 30.3% year-on-year to ₹5,537 crore, compared with ₹4,249 crore in the corresponding quarter last year. 🔹 Net Interest Income (NII): Core banking income grew 20.1% to ₹10,583 crore from ₹8,812 crore a year earlier. 🔹 Operating Profit: Operating profit climbed 19% year-on-year to ₹8,108 crore, compared with ₹6,814 crore in the previous year. 🔹 Gross NPA: Gross non-performing assets improved to 2.42% from 2.65% in the June 2026 quarter. 🔹 Net NPA: Net NPA declined to 0.42% from 0.47% in the preceding quarter. 🔹 Provisions: Provisions decreased to ₹700 crore from ₹979 crore in the June quarter, supporting the improvement in profitability. 🔹 Fresh Slippages: Fresh loan slippages declined to ₹1,856 crore from ₹2,062 crore in the previous quarter. ASSET QUALITY SHOWS IMPROVEMENT The bank continued to make progress in controlling stressed assets during the September quarter. Gross NPA: ₹27,916 crore, compared with ₹29,092 crore in June 2026. Net NPA: ₹4,768 crore, down from ₹5,016 crore in the preceding quarter. Recoveries: Increased to ₹1,226 crore from ₹913 crore. Upgradations: Rose to ₹315 crore from ₹279 crore in the June quarter. SHARE PRICE PERFORMANCE Union Bank of India shares gained approximately 3.7% to trade around ₹178 during Monday’s session, with the stock rising as much as 4%–5% intraday following the quarterly earnings announcement. The stock had advanced around 16% so far in 2026, according to the provided data. Disclaimer: Investment in securities market are subject to market risks. Read all the related documents carefully before investing.