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UCO Bank reports above 4-fold jump in Q4 consolidated net profit

16 May 2022 Evaluate

UCO Bank has reported results for fourth quarter and year ended March 31, 2022.

The bank has reported above 3-fold jump in its net profit at Rs 312.18 crore for the quarter under review as compared to Rs 80.03 crore for the same quarter in the previous year. However, total income of the bank decreased by 5.94% at Rs 4361.63 crore for Q4FY22 as compared Rs 4637.17 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported above 4-fold jump in its net profit at Rs 314.58 crore for the quarter under review as compared to Rs 69.39 crore for the same quarter in the previous year. However, total income of the bank decreased by 5.94% at Rs 4361.63 crore for Q4FY22 as compared Rs 4637.17 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the bank has reported above 5-fold jump in its net profit at Rs 929.76 crore as compared to Rs 167.04 crore for the previous year. Total income of the bank increased by 1.18% at Rs 18082.15 crore for year under review as compared to Rs 17870.33 crore for year ended March 31, 2021.

For the year ended March 31, 2022, on the consolidated basis, the bank has reported 6-fold jump in its net profit at Rs 894.92 crore as compared to Rs 145.69 crore for the previous year. Total income of the bank increased by 1.18% at Rs 18082.15 crore for year under review as compared to Rest 17870.33 crore for year ended March 31, 2021.

UCO Bank Share Price

26.76 0.21 (0.79%)
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