Stock Report

Union Bank of India posts Rs. 340.95 crore consolidated PAT in Q1FY21



Posted On : 2020-08-21 19:21:01( TIMEZONE : IST )

Union Bank of India posts Rs. 340.95 crore consolidated PAT in Q1FY21

UNION BANK OF INDIA has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.20487.01 crores during the period ended June 30, 2020 as compared to Rs.11476.11 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.340.95 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.(2713.03) crores for the period ended March 31, 2020.

The company has reported EPS of Rs.0.53 for the period ended June 30, 2020 as compared to Rs.(7.93) for the period ended March 31, 2020.

FinancialsQ1 FY2020-21Q4 FY19-20% Change
Total Income₹ 20487.01 crs₹ 11476.11 crsUp Tick 78.52%
Net Profit₹ 340.95 crs₹ (2713.03) crsUp Tick 112.57%
EPS₹ 0.53₹ (7.93)Up Tick 106.68%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.20487.01 crores during the period ended June 30, 2020 as compared to Rs.10053.68 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.340.95 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.230.12 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.0.53 for the period ended June 30, 2020 as compared to Rs.1.31 for the period ended June 30, 2019.

FinancialsQ1 FY2020-21Q1 FY2019-20% Change
Total Income₹ 20487.01 crs₹ 10053.68 crsUp Tick 103.78%
Net Profit₹ 340.95 crs₹ 230.12 crsUp Tick 48.16%
EPS₹ 0.53₹ 1.31Down Tick -59.54%

The amount of gross non-performing assets as of June 30, 2020 was at Rs. 97189.95 crore as compared to Rs. 49085.30 crore as of March 31, 2020 and Rs. 48811.88 crore as of June 30, 2019.

The amount of net non-performing assets as of June 30, 2020 was at Rs. 28913.50 crore as compared to Rs. 17303.14 crore as of March 31, 2020 and Rs. 21230.89 crore as of June 30, 2019.

The % of gross NPAs was at 14.95% as of June 30, 2020 as against 14.15% as of March 31, 2020 and 15.18% as of June 30, 2019.

The % of net NPAs was at 4.97% as of June 30, 2020 as compared to 5.49% as of March 31, 2020 and 7.23% as of June 30, 2019.

Shares of UNION BANK OF INDIA was last trading in BSE at Rs.30.45 as compared to the previous close of Rs. 29.9. The total number of shares traded during the day was 331728 in over 888 trades.

The stock hit an intraday high of Rs. 30.9 and intraday low of 30.2. The net turnover during the day was Rs. 10123455.

Source : Equity Bulls

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