UCO Bank Q4 Results: Net profit jumps 24% YoY, proposes 39 paise dividend for FY25

UCO Bank has reported a robust set of financial results for the quarter and year ended March 31, 2025, with strong growth in business, profitability, and asset quality.

The bank’s total business grew by 14.12% YoY to ₹5,13,527 crore as of March 31, 2025, with gross advances rising 17.72% YoY to ₹2,19,985 crore and total deposits growing by 11.56% YoY to ₹2,93,542 crore.

In terms of profitability, UCO Bank reported a net profit of ₹652 crore for Q4 FY2024-25, marking a significant 23.98% YoY increase compared to ₹526 crore in the same period last year. The operating profit for the quarter stood at ₹1,699 crore, up by 33.48% YoY, from ₹1,273 crore in Q4 FY2023-24.
The RAM (Retail, Agriculture, and MSME) sector witnessed a strong performance, with a growth of 25.74% YoY, amounting to ₹1,22,613 crore. Specifically, retail advances grew by 35.09% YoY to ₹54,255 crore, bolstered by strong demand for home loans and vehicle loans, which registered growths of 18.13% and 58.99%, respectively. Agriculture advances grew by 20.02% YoY, while MSME advances rose by 18.55% YoY.
In terms of asset quality, the bank reported an improvement in both gross and net NPA ratios. Gross NPA stood at 2.69% as of March 31, 2025, a decrease of 77 basis points YoY, while net NPA improved to 0.50%, a reduction of 39 basis points YoY. The Provision Coverage Ratio stood at 96.69%.

The bank also announced a dividend of 3.90% for FY2024-25, which equates to ₹0.39 per equity share.

Regarding the bank’s network, as of March 31, 2025, UCO Bank had a total of 3,302 domestic branches and two overseas branches in Hong Kong and Singapore, along with a representative office in Iran. 61% of the bank’s branches are in rural and semi-urban areas. Additionally, the bank operates 2,522 ATMs and 10,653 business correspondent points, totaling 16,480 touchpoints.

For the full fiscal year, UCO Bank reported a net profit of ₹2,445 crore, reflecting a 47.80% YoY increase from ₹1,654 crore in FY2023-24. Net Interest Income (NII) also showed strong growth, rising by 23.35% YoY to ₹2,698 crore for Q4 and 18.88% YoY to ₹9,630 crore for the full year.

Ahead of the results announcement, the lender’s shares had ended 1.7% higher at a price of ₹30.90 on the BSE.