UNION Bank Quarterly Results Anaysis Q2FY2027

Interest Earned for Q2FY27 is Rs. 28,158 Crs., 7.51% growth YoY, Net Interest Income is Rs. 10,583 Crs., 20.09% growth YoY, Total Income is Rs. 32,809 Crs., 5.2% growth YoY, Pre-Provisioning Operating Profit is Rs. 8,108 Crs., 18.99% growth YoY, PBT is Rs. 7,407 Crs., 36.73% growth YoY, Net profit is Rs. 5,537 Crs., 30.32% growth YoY. On QoQ basis Interest Earned has achieved 3.51% growth, Net Interest Income has grown by 5.43% only, Total Income has grown by 3.15%, Pre-Provisioning Operating Profit has grown by 1.31%, PBT grown by 5.46%, PAT is grown by 3.84%. For Q2FY27 Gross NPA 2.42% vs 3.29% in Q2FY26, Net NPA 0.42% vs 0.55% in Q2FY26, SMA levels are the lowest post-amalgamation. Return on Assets is 1.38% improved by 22 BPS YoY, Return on Equity is 17.21% also improved by 213 BPS YoY, Net Interest Margin is 2.86% also improved by 19 BPS YoY. Global Business as on 30th Sep, 2026 is Rs. 24,75,330 Cr., grown by 12.01% YoY. Large corporate engine appears active: meaningful sanction/disbursement pipeline and underwriting + down-sell capabilities; focus sectors align to new capex themes (data centers/AI, nuclear, renewables). management is willing to use non-deposit liabilities (bonds/refinance/ESG) to fund growth rather than chase high-cost bulk.