Union Bank Q3 Results: Date, Time, Earnings Call Details, Share Price History And More

Public sector lender Union Bank Of India has set the date to declare its financial results for the quarter ended Dec. 31, 2024. With a network of over 8,500 domestic branches and more than 9,000 ATMs, Union Bank is among the biggest lenders in the country.

Its total business as of September 30, 2024, stood at Rs 21,70,779 crore including Rs 9,28,832 crore of advances. Here is everything you need to know about Union Bank of India Q3 results.

Union Bank in a stock exchange filing on Jan. 18 said that it will declare its Q3 results on Monday, Jan. 27.

"This is to inform you that a meeting of the Board of Directors of the Bank is scheduled to be held on Monday, January 27, 2025, inter alia, to consider amongst others, the Unaudited Reviewed Financial Results (Standalone and Consolidated) of the Bank for the Quarter ended on December 31, 2024," the bank said.

The lender in a separate filing on Jan. 22 announced that an earnings call has also been scheduled for analysts and investors on Jan. 28.

"We hereby inform you that the Earnings Call with Analysts and Investors on the Unaudited Reviewed Financial Results (Standalone and Consolidated) of the Bank for the quarter ended on December 31, 2024, has been scheduled on January 28, 2025," the filing read.

Earnings call time: 12 noon

The Bank's Management will be represented by:

• A. Manimekhalai- Managing Director & CEO

• Nitesh Ranjan- Executive Director

• Ramasubramanian S.- Executive Director

• Sanjay Rudra- Executive Director

• Pankaj Dwivedi- Executive Director

Shares of Union Bank of India have gone down by 2% in the last five trading sessions on the NSE. Over the past month, the stock price has plunged nearly 10% while nosediving 23.61% in a year. On the last trading day of the week, Union Bank of India closed at Rs 107.22 on the NSE.

Union Bank of India reported a 34% year-on-year increase in its net profit for the second quarter of fiscal 2025, reaching Rs 4,720 crore, up from Rs 3,511 crore in the same period last year. The bank’s net interest income (NII) fell marginally by 0.9% to Rs 9,047 crore compared to Rs 9,126 crore in Q2 FY24. The asset quality improved as the gross non-performing asset (NPA) ratio declined to 4.36% from 6.38% in the previous year. Net NPA declined to 0.98% in Q2 from 1.3% in the corresponding quarter of the previous fiscal.