UCO Bank - Q2FY21 Financial Highlights

- Bank has made Net Profit of Rs. 30.11 Crore during the quarter ended September 2020 as against Net Loss of Rs. 891.98 Crore in the quarter ended September 2019.

- Operating Profit of the Bank for the quarter September 2020 stood at Rs. 1330.32 Crore as against Rs. 1207.04 Crore for the quarter ended September 2019 registering a growth of 10.21%. Operating Profit for the quarter is highest in last 22 quarters.

- Net Interest Income of the Bank for the quarter ended September 2020 has increased to Rs. 1393.16 Crore from Rs. 1266.20 Crore for the quarter ended September 2019 registering a growth of 10.03%.

- Other Income of the Bank for the quarter ended September 2020 stands at Rs. 711.53 Crore as against Rs. 728.87 Crore for the quarter ended September 2019.

- Savings Deposits of the Bank has increased to Rs. 67486.84 Crore as on 30.09.2020 from Rs. 60411.52 Crore as on 30.09.2019 registering a growth of 11.71 %.

- Total Business of the Bank has increased to Rs. 312746.10 Crore as on 30.09.2020 from Rs. 306914.01 Crore as on 30.09.2019 registering a growth of 1.90%.

- Total Deposits of the Bank has increased to Rs. 197696.38 Crore as on 30.09.2020 from Rs. 189584.91 Crore as on 30.09.2019 registering a growth of 4.28%.

- Total Advances of the Bank stands at Rs. 115049.72 Crore as on 30.09.2020 as against Rs. 115236.03 Crore as on 30.06.2020.

- CASA of the Bank stood at 38.95 % as on 30.09.2020.

- Gross NPA of the Bank has reduced to Rs. 13365.74 Crore (11.62%) as on 30.09.2020 from Rs. 25665.14 Crore (21.87%) as on 30.09.2019 and from Rs. 16576.43 Crore (14.38%) as on 30.06.2020

- Net NPA of the Bank has reduced to Rs. 3831.88 Crore (3.63%) as on 30.09.2020 from Rs. 7238.33 Crore (7.32%) as on 30.09.2019 and from Rs. 5138.18 Crore (4.95%) as on 30.06.2020.

- Provision Coverage Ratio of the Bank has increased to 89.82% as on 30.09.2020 from 81.19% as on 30.09.2019 and from 86.50% as on 30.06.2020.

- Capital Adequacy Ratio of the Bank stood at 11.80% and CET-I Ratio at 8.99 % as on 30.09.2020.

Shares of UCO BANK was last trading in BSE at Rs.12.41 as compared to the previous close of Rs. 12.6. The total number of shares traded during the day was 971049 in over 1998 trades.

The stock hit an intraday high of Rs. 13.4 and intraday low of 12.31. The net turnover during the day was Rs. 12518903.

Source : Equity Bulls

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