UCO Bank has announced Consolidated financial results for the period ending December 31, 2022.
Financial Results (Q3 FY2023) – Quarter-over-Quarter Comparison:
Total income of UCO Bank for the period ending December 31, 2022 is Rs. 5450.60 crores, a significant increase from Rs. 4964.84 crores during the previous quarter.
Net profit/loss for the period ending December 31, 2022 is Rs. 654.05 crores, an improvement from the net profit/loss of Rs. 497.29 crores in the previous quarter.
EPS for the period ending December 31, 2022 is Rs. 0.55, higher than the EPS of Rs. 0.42 in the previous quarter.
| Financials | Q3 FY2023 | Q2 FY2023 | % Change |
| Total Income | ₹5450.60 Cr | ₹4964.84 Cr | 🠉 9.78% |
| Net Profit | ₹654.05 Cr | ₹497.29 Cr | 🠉 31.52% |
| EPS | ₹0.55 | ₹0.42 | 🠉 30.95% |
Financial Results (Q3 FY2023) – Year-over-Year Comparison:
Total income of UCO Bank for the period ending December 31, 2022 is Rs.5450.60 crores, an increase from Rs.4638.44 crores for the same period in the previous year.
Net profit/loss for the period ending December 31, 2022 is Rs.654.05 crores, compared to Rs.310.39 crores for the same period in the previous year.
EPS for the period ending December 31, 2022 is Rs.0.55, compared to Rs.0.26 for the same period in the previous year.
| Financials | Q3 FY2023 | Q3 FY2022 | % Change |
| Total Income | ₹5450.60 Cr | ₹4638.44 Cr | 🠉 17.51% |
| Net Profit | ₹654.05 Cr | ₹310.39 Cr | 🠉 110.72% |
| EPS | ₹0.55 | ₹0.26 | 🠉 111.54% |
Financial Results (9 Months Ended FY2023) – Year-over-Year Comparison:
Total income of UCO Bank for the 9 months ending December 31, 2022 is Rs.14212.03 crores, an increase from Rs.13720.51 crores for the same period in the previous year.
Net profit/loss for the 9 months ending December 31, 2022 is Rs.1268.83 crores, compared to Rs.599.35 crores for the same period in the previous year.
EPS for the 9 months ending December 31, 2022 is Rs.1.06, compared to Rs.0.52 for the same period in the previous year.
| Financials | 9 Months Ended FY2023 | 9 Months Ended FY2022 | % Change |
| Total Income | ₹14212.03 Cr | ₹13720.51 Cr | 🠉 3.58% |
| Net Profit | ₹1268.83 Cr | ₹599.35 Cr | 🠉 111.70% |
| EPS | ₹1.06 | ₹0.52 | 🠉 103.85% |
Asset Quality:
| Asset Quality | Q3 FY2023 | Q2 FY2023 | Q3 FY2022 |
| Gross NPA | ₹8506.08 Cr | ₹9358.92 Cr | ₹10042.41 Cr |
| Gross NPA % | 5.63% | 6.58% | 8% |
| Net NPA | ₹2406.90 Cr | ₹2700.29 Cr | ₹3333.59 Cr |
| Net NPA % | 1.66% | 1.99% | 2.81% |
Gross NPA of UCO Bank decreased to ₹8506.08 crs in Q3 FY2023 from ₹10042.41 crs in Q3 FY2022 and ₹9358.92 crs in Q2 FY2023.
Net NPA decreased to ₹2406.90 crs in Q3 FY2023 from ₹3333.59 crs in Q3 FY2022 and ₹2700.29 crs in Q2 FY2023.
GNPA is at 5.63% of Gross advances as of December 31, 2022, a decrease from 8% as of December 31, 2021 and 6.58% as of September 30, 2022.
Net NPA is at 1.66% of Gross advances as of December 31, 2022, a decrease from 2.81% as of December 31, 2021 and 1.99% as of September 30, 2022.
| Ratios | Q3 FY2023 | Q2 FY2023 | Q3 FY2022 |
| RoA % | 0.88% | 0.70% | 0.48% |
| CAR (BASEL III) % | 14.25% | 13.95% | 14.51% |
Return on Average Assets (RoA) is at 0.88% for Q3 FY2023, an increase from 0.70% in Q2 FY2023 and 0.48% in Q3 FY2022.
In Q3 FY2023, Bank’s total Capital Adequacy Ratio (CAR) was at 14.25%, compared to 13.95% in Q2 FY2023 and 14.51% in Q3 FY2022.
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