UCO Bank (UCOBANK) investor relations material

Executive summary

• Total business reached ₹6,05,083 crore as of June 30, 2026, growing 15.53% year-on-year, with advances up 21.18% and deposits up 11.28%.

• Operating profit rose 79.84% year-on-year to ₹2,810 crore, while net profit increased 8.05% to ₹656 crore, impacted by a one-time DTA charge of ₹1,237 crore due to a shift to the new tax regime.

• Asset quality improved, with gross NPA at 2.08% (down 55 bps YoY) and net NPA at 0.25% (down 20 bps YoY).

• CASA ratio stood at 36.94%, with CASA deposits at ₹1,16,136 crore, up 12.34% year-on-year.

• Unaudited financial results for Q1 FY27 were approved by the Board on 22 July 2026, with a limited review and unmodified auditor opinion.

Financial highlights

• Net interest income grew 16.86% year-on-year to ₹2,808 crore; fee-based income up 35%.

• Operating profit before provisions was ₹2,80,954 lakh, up from ₹1,56,226 lakh in Q1 FY26.

• Recovery from technical written-off accounts contributed ₹1,018 crore to other income.

• Cost-to-income ratio improved to 52.92% from 54.06% in the previous year.

• Return on assets (annualized) at 0.68% and return on equity at 10.17% for the quarter.

Outlook and guidance

• Deposit growth guidance of 10%-12% and credit growth guidance of 12%-14% have been surpassed, with Q1 actuals at 11.28% and 21.18% respectively.

• NIM guidance maintained at 2.8%-2.9%, with current NIM at 3.05%.

• Cost-to-income ratio expected to normalize below or around 50% for FY 2026/2027.

• Credit cost guidance below 0.75%, with Q1 annualized credit cost at 0.39%.

• ROA for Q1 annualized at 0.68%, expected to approach 1% by year-end.