UCO Bank releases Consolidated Quarterly Results for March 31, 2023. UCO Bank has announced an increase in total income from Rs. 5450.60 Crores as of December 31, 2022, to Rs. 5946.94 Crores as of March 31, 2023. The net profit for the company has decreased from Rs. 654.05 Crores as of December 31, 2022, to Rs. 557.45 Crores as of March 31, 2023. However, the earnings per share (EPS) have improved, increasing from Rs. 0.55 on December 31, 2022, to Rs. 0.47 on March 31, 2023, according to the company’s statement.
UCO Bank Quarterly Results (Q4 FY2023) – Quarter-over-Quarter Comparison:
Total income of the company is Rs. 5946.94 Crores (March 31, 2023) vs. Rs. 5450.60 Crores (December 31, 2022)
Net profit/loss: Rs. 557.45 Crores (March 31, 2023) vs. Rs. 654.05 Crores (December 31, 2022)
EPS: Rs. 0.47 (March 31, 2023) vs. Rs. 0.55 (December 31, 2022)
| Financials | Q4 FY2023 | Q3 FY2023 | % Change |
| Total Income | ₹ 5946.94 Cr | ₹ 5450.60 Cr | ⬆ 9.11% |
| Net Profit | ₹ 557.45 Cr | ₹ 654.05 Cr | ⬇ -14.77% |
| EPS | ₹ 0.47 | ₹ 0.55 | ⬇ -14.55% |
UCO Bank Quarterly Results (Q4 FY2023) – Year-over-Year Comparison:
Total income of the company is Rs. 5946.94 Crores (March 31, 2023) vs. Rs. 4361.63 Crores (March 31, 2022)
Net profit/loss: Rs. 557.45 Crores (March 31, 2023) vs. Rs. 314.58 Crores (March 31, 2022)
EPS: Rs. 0.47 (March 31, 2023) vs. Rs. 0.26 (March 31, 2022)
| Financials | Q3 FY2023 | Q3 FY2022 | % Change |
| Total Income | ₹ 5946.94 Cr | ₹ 4361.63 Cr | ⬆ 36.35% |
| Net Profit | ₹ 557.45 Cr | ₹ 314.58 Cr | ⬆ 77.20% |
| EPS | ₹ 0.47 | ₹ 0.26 | ⬆ 80.77% |
UCO Bank Quarterly Results (Year Ended FY2023) – Year-over-Year Comparison:
Total income of the company is Rs. 20158.98 Crores (March 31, 2023) vs. Rs. 18082.15 Crores (March 31, 2022)
Net profit/loss: Rs. 1826.28 Crores (March 31, 2023) vs. Rs. 894.92 Crores (March 31, 2022)
EPS: Rs. 1.53 (March 31, 2023) vs. Rs. 0.77 (March 31, 2022)
| Financials | 12 Months Ended FY2023 | 12 Months Ended FY2022 | % Change |
| Total Income | ₹ 20158.98 Cr | ₹ 18082.15 Cr | ⬆ 11.49% |
| Net Profit | ₹ 1826.28 Cr | ₹ 894.92 Cr | ⬆ 104.07% |
| EPS | ₹ 1.53 | ₹ 0.77 | ⬆ 98.70% |
| Asset Quality | Q4 FY2023 | Q3 FY2023 | Q4 FY2022 |
| Gross NPA | ₹ 7726.46 Cr | ₹ 8506.08 Cr | ₹ 10237.43 Cr |
| Gross NPA % | 4.78% | 5.63% | 7.89% |
| Net NPA | ₹ 2018.02 Cr | ₹ 2406.90 Cr | ₹ 3315.78 Cr |
| Net NPA % | 1.29% | 1.66% | 2.70% |
The gross NPA of UCO Bank was ₹ 7726.46 Crorse in Q4 FY2023, down from ₹ 10237.43 Crorse in Q3 FY2022 and ₹ 8506.08 Crorse in Q3 FY2023.
Net NPA was ₹ 2018.02 Crorse in Q4 FY2022, a decrease from ₹ 3315.78 Crorse in Q3 FY2022 and ₹ 2406.90 Crorse in Q3 FY2023.
As of March 31, 2023, GNPA was 4.78% of Gross advances, compared to 7.89% on March 31, 2022, and 5.63% on December 31, 2022.
As of March 31, 2023, Net NPA was 1.29% of Gross advances, a decrease from 2.70% on March 31, 2022, and 1.66% on December 31, 2022.
| Ratios | Q4 FY2023 | Q3 FY2023 | Q4 FY2022 |
| RoA % | 0.74% | 0.88% | 0.45% |
| CAR (BASEL III) % | 16.42% | 14.25% | 13.67% |
UCO Bank Q4 FY2023 Return on Average Assets (RoA) was 0.74%, up from % in Q3 FY2023 and 0.45% in Q3 FY2022.
In Q4 FY2023, the Bank’s Capital Adequacy Ratio (CAR) was 16.42%, down from 14.25% in Q3 FY2023 and 13.67% in Q4 FY2022.
About UCO Bank:
Established in Kolkata in 1943, UCO Bank, previously known as United Commercial Bank, is an Indian public sector bank. Its total business for FY 2020-21 was ₹3.24 lakh crore. According to 2020 data, it is ranked 80 on the Fortune India 500 list. Additionally, UCO Bank was listed as 1948 in the Forbes Global 2000 list for the year 2018.
Download Full PDF Q4 Results UCO Bank :
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